income after Pres Monson became apostle

[dahlia]

I was watching a video about Pres Monson's 85th birthday and learned that he was appointed as an Apostle at age 36. I imagine that is a demanding calling; one which leaves no time for a regular job. I understand that many of the leaders have done well in life and are able to support themselves, but at age 36, was Pres Monson able to do so? Am I correct in assuming that, other than travel, he received no money/stipend/salary at his appointment?

I haven't gone back to check their ages, but at 36, I'd guess his children were still young or teens. How did he support his family?

[skippy740]

Apostles serve full time for the Lord and His Church. Many are called later in their lives, but I believe President Monson was one of the youngest to be called (aside from Brother Joseph). I could be incorrect about that.

The Church provides support funds on an "as needed" basis to full time general authorities - such as the First Presidency, Quorum of the Twelve and probably the 1st Quorum of Seventy. There are additional funds allocated also for Mission Presidents as well. The Church also has various property for the use of General Authorities and Mission Presidents as well.

Otherwise, the only people that could be called to these positions, would only be those who are 'financially successful'. A rumor could develop (who knows if it's already out there) that church members could "buy" their way to leadership. That's obviously not true.

We let the Lord qualify those whom He wants to serve, and the Church assists where needed so the servant can serve.

[pam]

I think we must also keep in mind that in the earlier years when President Monson was called to serve, it was okay to serve in different capacities in the business world.

He served on several boards of directors. He even chaired the audit committee for Commercial Security Bank which was later bought out by Key Bank. He was then made a member of the board of directors for Key Bank.

Even up to 1996 he was still serving on several boards of directors. In 1996 it was decided that General Authorities should not serve on any boards and he resigned from all of the positions he held regarding this.

While they dedicated their lives full time to the church, many were still involved in many ways in the business community.

Edited October 11, 2012 by pam

[Vort]

I was watching a video about Pres Monson's 85th birthday and learned that he was appointed as an Apostle at age 36. I imagine that is a demanding calling; one which leaves no time for a regular job. I understand that many of the leaders have done well in life and are able to support themselves, but at age 36, was Pres Monson able to do so? Am I correct in assuming that, other than travel, he received no money/stipend/salary at his appointment?

I haven't gone back to check their ages, but at 36, I'd guess his children were still young or teens. How did he support his family?

All general authorities and mission presidents are offered a living stipend, and many take advantage of it.

Elder Monson was indeed young when called to serve as an apostle, but in previous generations and especially in the early restoration, apostles were commonly called in their early 30s or even in the 20s. An example from my lifetime is President McKay, who was 32 or 33 when he was called to the Quorum of 12.

[Anddenex]

President Monson actually answers this question in the biography which recently was published. He mentioned how he actually worked a full-time job while an Apostle.

As the church has grown, the need for the Apostles to be everywhere has inhibited the ability for them to work full-time, or even part-time, and keep up with their duties.

Great book!

[NeuroTypical]

I get a kick out of thinking of Apostles being regular folk. Because they are, but nobody believes it. I once attended a meeting where an apostle spoke to us, and it was a point he tried hard to get across. He claimed his calling really wasn't that much different than our other callings in the church. Maybe more of a time requirement, and certainly one that required him to argue with people demanding receipts from him. As one or two people were getting choked up just being in his presence, he asked us to consider something. If we saw something in him that we had never seen before - some great spiritualness or wisdom or something - that only meant that maybe we hadn't availed ourselves of the full blessings of discipleship in our own lives, and he invited us to do so. Then he quipped about submitting receipts.

[dahlia]

President Monson actually answers this question in the biography which recently was published. ...

Great book!

I'm sure it is. I keep waiting for the price to go down.

Oh, guess what - as I was typing this, I looked at amazon and saw there is a Kindle edition. $10! The Kindle edition must be relatively recent because I have been pricing the book for awhile. I guess I have some reading to do!

[Guest]

Pres. Monson's background:

United States Naval Reserve throughout WWII

Graduated cum laude, BS Business Management

Jobs Pres. Monson held while an Apostle:

1. Member of the Board of Directors, Deseret News Publishing Company

2. Member of the Board of Advisors, Mountain Bell

3. Member of the Board of Directors, Commercial Security Bank/Key Bank

4. Chairman of the Audit Committee, Commercial Security Bank

5. Member of the National Executive Baord, Boy Scouts of America

6. Member of the Board of Higher Education, Utah State University

7. Member of the Board of Regents, Utah State University

8. Member of the Task Force on Private Sector Initiatives for the Reagan Administration

He resigned all jobs except for his position with Deseret News in 1996 when the Church decided that all Apostles should resign all directorship except Deseret News (for profit arm of the LDS Church).

source: Wikipedia

Edited October 12, 2012 by anatess