<P> By the time Lorenzo Snow became church president in 1898 , the church was $2.3 million in debt . Snow reemphasized the payment of tithing ( giving 10 % of one 's income to the church ) and by 1907 the church was completely out of debt and since then has not used debt to fund its operations , even for capital projects . An early pioneer venture of the LDS Church was ZCMI which lasted from 1868 to divesting ZCMI Center Mall in 2007 . </P>
<P> By the time Lorenzo Snow became church president in 1898 , the church was $2.3 million in debt . Snow reemphasized the payment of tithing ( giving 10 % of one 's income to the church ) and by 1907 the church was completely out of debt and since then has not used debt to fund its operations , even for capital projects . An early pioneer venture of the LDS Church was ZCMI which lasted from 1868 to divesting ZCMI Center Mall in 2007 . </P>
when did the lds church become debt free
when did the lds church become debt free
1907
1907