The Council on the Disposition of the Tithes is a leadership body in the Church of Jesus Christ of Latter-day Saints (LDS Church), composed of the First Presidency, the Presiding Bishopric, and Quorum of the Twelve Apostles.
The council oversees revenue, investments and expenditures valued at billions of dollars per year.
On July 8, 1838, church founder Joseph Smith was directed by revelation to establish this council.
In the early 1940s, J. Reuben Clark (then a member of the First Presidency) conducted a two-year review of early church history to determine how the current church could more closely align with original financial administration.
He proposed, and the First Presidency and the Quorum of the Twelve accepted, that the council be reestablished and meet annually.