Whistleblower Says LDS Church is Stashing Charity Donations Away

A former employee of the investment branch of the Church of Jesus Christ of Latter-day Saints has filed a whistleblower complaint with the IRS.

The “Washington Post” reports that David A. Nielsen has told the agency that Ensign Peak Advisors is holding 100-billion-dollars in excess donations by church members, and taxes on it haven’t been paid. The IRS will have to decide if Ensign Peak is operating within the rule for non-profit organizations by holding on to the money rather than using it for charitable or other purposes.

The Church would not address the IRS complaint specifically, but issued a statement yesterday saying all its investments ultimately go back into supporting its mission. They added, “The Church does not provide information about specific transactions or financial decisions.”

Nielson is requesting a reward from the IRS for the find. If he gets it and LDS owes billions in taxes, Nielson will be a millionaire.

Source:The Washington Post

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