In the wake of the recent California wildfires, the LDS Church has made headlines in their own new publications claiming that they have made their meetinghouses available as shelters for those affected. However, evidence suggests that no LDS chapels have actually been used as shelters, raising questions about whether the church is engaging in media …
Tag Archives: financial disclosure

The Mormon-Canadian-BYU Billion Dollar Tithing Funnel
Investigation reveals more than $1 billion raised by the Mormon church in Canada has been funneled to the U.S. rather than going to charitable works in this country. We hear from former members in Canada and elsewhere who say concerns about how money is spent have led them to leave the church. – The Fifth …
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![The church is taking away the government's ability to fund health care, and education, and provide other essential services. They've done it at the expense of taxpayer dollars. There's definitely been a change in [my] perspective. The church teaches that the temple should always be a focal point in your life. The temple has become a physical reminder of greed for me. - Nigel Kennet, a Canadian accountant, was working on the books of a church of a different faith, when he saw how much their members gave to charity. So, he looked into the Mormon's books, and was stunned by where their donations were going. - The Fifth Estate, October 27, 2022 | wasmormon.org](https://i0.wp.com/wasmormon.org/wp-content/uploads/2024/04/canada-5th-estate-Nigel-Kennet-church-taking-away-government-ability-to-fund-essential-services-temple-has-become-a-reminder-of-greed.jpg?fit=640%2C640&ssl=1)

![If people knew that the church had a hundred billion dollars, and they weren't putting it to any use, they would be less inclined to continue donating to the church. A lot of members of the Mormon church have been clamoring to get their tithing back. People are upset about this, they know that the ethics are not Christ's ethics. [The church has] billions of dollars in Apple, and in fossil fuel burning companies, and energy companies. All of these vehicles, you wouldn't think, are what churches would invest in. So that rattled people, and then the lack of activity in doing something that that money is designed to be used for. Nothing religious educational or charitable. Small community congregationalist type churches shouldn't be subjected to a severe burden of reporting. But giga churches have to. There are mega churches in this country, maybe there are a few in Canada too, but in this country, there is one giga church, and it's the Mormon Church. - Lars Nielsen, Whistleblower - The Fifth Estate, October 27, 2022 | wasmormon.org](https://i0.wp.com/wasmormon.org/wp-content/uploads/2024/04/canada-5th-estate-Lars-Nielsen-church-has-hundred-billion-dollars-not-putting-it-to-any-use-nothing-religious-educational-or-charitable-giga-church-should-be-required-to-report-finances.jpg?fit=640%2C640&ssl=1)
![There is in [Canada's] tax system a loophole that says if it's used for educational purposes that benefit Canadians outside of Canada, then you can use the money that way. They rationalize, oh, well maybe one percent of BYU is Canadian. They say as long as it's benefiting anyone who is Canadian at BYU... Even if it benefits one student. [My brother] started to hear that the leaders of the Mormon Church were saying things like, not one penny of tithing money was being used to build the City Creek Mall. That, blatantly wasn't true. He had seen the journal ledgers, he had been in on these conversations, he knew that 1.4 billion dollars had been spent to shore up the the City Creek Mall. If they do something that's illegal, I'm going to call them out on it because that's the right thing to do, and they taught me that. - Lars Nielsen, Whistleblower - The Fifth Estate, October 27, 2022 | wasmormon.org](https://i0.wp.com/wasmormon.org/wp-content/uploads/2024/04/canada-5th-estate-Lars-Nielsen-canada-tax-loophole-for-educational-benefit-to-canadians-outside-of-canada-not-one-penny-of-tithing-money-used-for-city-creek-mall-call-them-out-on-illegal-activity.jpg?fit=640%2C640&ssl=1)
![The [prosperity gosepl] idea is, if you bring your tithing to God, that he will open the windows of heaven and you will have everything that you need. That is false. Jesus never taught that. It's not the way that the scripture should be interpreted. That's the way that Mormon culture interprets it. When you build out these complex corporate structures, you do it for one purpose and one purpose only, and that is to hide. I observed that when there's money and the accumulation of wealth involved, truth and transparency often take a back seat. - Josh Bigley, Canadian Ex-mormon Whistleblower - The Fifth Estate, October 27, 2022 | wasmormon.org](https://i0.wp.com/wasmormon.org/wp-content/uploads/2024/04/canada-5th-estate-Josh-Bigley-Mormon-prosperity-gospel-idea-is-false-complex-corporate-structures-to-hide-truth-and-transparency-taken-back-seat-to-accumulation-of-wealth.jpg?fit=640%2C640&ssl=1)
![I'm bisexual, I'm not straight. I don't struggle with same-sex attraction, I struggle with people who struggle with my same-sex attraction. [Being bisexual at BYU] is absolutely awful. Because anyone can report you to the honor code office. That's the reality for queer students—we all live with that fear. They allow this atmosphere of homophobia to permeate. - Jeannie Williams, a Bisexual BYU Student. The Fifth Estate, October 27, 2022 | wasmormon.org](https://i0.wp.com/wasmormon.org/wp-content/uploads/2024/04/canada-5th-estate-Jeannie-Williams-bisexual-byu-student-anyone-can-report-you-to-the-honor-code-office-we-live-with-that-fear-while-they-allow-this-atmosphere-of-homophobia-to-permeate.jpg?fit=640%2C640&ssl=1)

![Compared to other religions or Christian denominations, [the LDS church] is actually not a very charitable entity. It doesn't spend a lot of money out there. It doesn't create hospitals, it doesn't create social welfare, it doesn't do soup kitchens, that kind of thing. There's a lot of questions about whether the church has engaged in wide-scale tax avoidance or illegal wide-scale tax evasion. - Ben Schneiders, Investigative Journalist with the Asian Sydney Morning Herald, The Fifth Estate, October 27, 2022 | wasmormon.org](https://i0.wp.com/wasmormon.org/wp-content/uploads/2024/04/canada-5th-estate-Ben-Schneiders-lds-church-not-very-charitable-entity-no-hospitals-social-welfare-soup-kitchens-church-has-engaged-in-wide-scale-tax-avoidance-or-illegal-tax-evasion.jpg?fit=640%2C640&ssl=1)
Mormon Church Ripping off Millions of Dollars from Australia
The Mormon church wants everyone to read the Book of Mormon, but it will do nearly anything to keep anyone from reading their financial books. 60 Minutes Australia did some investigative reporting and alleges that the Mormon church is ripping off hundreds of millions of dollars from the Australian government in tax evasion. In many …
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Will the Church Ever Have Sufficient To Stop Requiring Tithing?
Is tithing a forever part of the Mormon church? Or will there be a day when it will have enough funds in the bank and in the “rainy day fund” that it will direct members that it is no longer required to enter the temple? Will the church go as far as to ask members …
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Where Does Mormon Tithing Go? Read the Fine Print
The short answer is we don’t know. We can’t know where tithing goes for sure because the church doesn’t and won’t share that information. This is despite the fact that church president Gordon B Hinckley stated when asked why the church wasn’t transparent as is required in many countries. He said that that information belongs …
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Mormon Excuses for Zero Financial Transparency
The Mormon church is famously secretive (or confidential) with it’s financial disclosures. They say as little as possible about it and are even known to hide money from the IRS and SEC in filing the required tax forms illegally. They’ve been busted by a whistleblower recently and the SEC came looking – they were able …
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Elder Anderson claims “We Are Not a Wealthy People”
Elder Andersen met with the leaders of Zimbabwe and he said the significance of the meeting with Vice President Mohadi was to “express to him our desire to help improve Zimbabwe.” He noted that Vice President Mohadi had made a specific request for support with the development of clean-water wells in more remote areas of …
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Mormon Church Relatively Meager Humanitarian Efforts
The church brags about how much they give and donate to humanitarian efforts and welfare. But on the other hand, they do their best to hide how much they don’t give. They have hundreds of billions of dollars siphoned from tithing donations, which they invest and use to purchase real estate and operate their for-profit …
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Whistleblower News Prompts Vacant Responses from LDS Corp
The popular news program 60 Minutes released a segment on its program discussing the obscene wealth of the church and the whistleblower complaint filed by David Nielsen. His complaint alleges that the Mormon Church claims to behave as a non-profit charity, but in reality, is a for-profit corporation pursuing investments and investments. The church never …
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60 Minutes Transcript: Whistleblower David Nielsen Speaks Out After Reporting the Mormon Church to IRS in 2019
The show 60 Minutes broadcast a segment about the Mormon Billions. Sharyn Alfonsi follows up with whistleblower David Nielsen who resigned from his position at Ensign Peak Advisors and wrote the whistleblower report in 2019. Since then, the Mormon church has been fined 5 million dollars by the SEC for illegal filing practices, but Nielsen …
Why the Mormon Church Hid Billions of Dollars of Investments?
The Mormon church was recently charged with fraud and reached a settlement with the SEC agreeing to pay five million dollars. Their chief infraction was failing to properly file and misstating in filings they did submit about the church investments with the church-owned investment company Ensign Peak Advisors. The fraud reached all the way to …
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Church Finances: Follow the Prophet, He has the Money
Hinckley made it clear that the church doesn’t share financial statements because the information belongs to those who made the contribution. Since 1959, Church finances have not been disclosed to the public, and we can see that church leaders have actively tried to hide finances from the public. Even so, there are disclosures that can …
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Stop Paying Tithing and Challenge the Tax Exemption Status of the Mormon Church
Tax time in the US and as people are leaving the church, they are receiving real blessings. In many countries, donating money to a charitable organization is tax deductible, meaning this decreases your taxable income. This is a perk to tithing for some people, it can save you some money on your taxes, though not …
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Development of Mormon Tithing – From Meager Origins to Ensign Peak Billions
Members of the Mormon church are required to pay the church a tithe. This tithing is understood to be ten percent of the member’s income. This is the same for children who earn $5 for mowing the lawn to wealthy lawyers and doctors in the church. The church makes much of the sacrifice and blessings …
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Whistleblowing On the Mormon 100 Billion “Rainy-Day Fund”
David Nielsen, a former Ensign Peak portfolio manager, shared with his twin brother Lars about the shady practices and massive amounts of money the Mormon church, or the Church of Jesus Christ of Latter-day Saints have in investments. Together the brothers compiled information and reported it to the authorities at the SEC (Securities Exchange Commission) …
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