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Thank you for your question. That's an old rumour, the substance of which changes from time to time from Pepsi to Coca Cola to RJ Reynolds (tobacco manufacturing) to breweries to casinos and to any other business that appears to conflict with the Church's standards.

The short answer is No. The church has investments in enterprises that further its mission. It also responsibly holds funds temporarily in various savings accounts, money markets, mutual funds, and other temporary financial instruments while those funds await assignment to some other expense.

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