Deseret Management Corporation
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The Deseret Management Corporation is a for-profit management company of assets for The Church of Jesus Christ of Latter-day Saints. It owns the following subsidiary companies:
- Beneficial Financial Group: insurance, investment, and retirement services.
- Bonneville International Corporation: owns radio stations nationwide and KSL-TV in Salt Lake City.
- Deseret Book: LDS publisher and bookstores chain.
- The Deseret Morning News: Utah's second-largest daily newspaper.
- Hawaii Reserves: manages commercial and residential properties in Lā'ie, Hawai'i.
- Temple Square Hospitality: operates downtown Salt Lake City properties including The Inn at Temple Square.
- Zions Securities: Real estate company which manages apartments and commercial property, particularly in downtown Salt Lake City.
[edit] Relation to LDS Church
Deseret Management Corporation is the holding company which owns the tax-paying companies that fall under the umbrella of the Church of Jesus Christ of Latter-day Saints. DMC's Board of Directors is made up of The First Presidency, 3 rotating members of the Quorum of the Twelve, and the Presiding Bishopric of the Church.
[edit] See also
[edit] External links
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