Ensign Peak Advisors Withdrawls, Religious Tax-Exemption, And Lack of Charitable Work

The Ensign Peak Advisors controversy centers on the Church of Jesus Christ of Latter-day Saints, or rather the Corporation of the President of the Church of Jesus Christ of Latter-day Saints, doing business as The Church of Jesus Christ of Latter-day Saints, using a tax-exempt investment fund to manage hundreds of billions of dollars derived …

How Much is a Modest Living Allowance for Mormon Apostles? How Much Do LDS Church Leaders Get Paid?

Are the top Mormon leaders paid for their callings as General Authorities? Yes! They receive what they call a “living allowance.” In a few instances, church leaders admit this, although they also make repeated statements claiming that there are no paid clergy. Gordon B. Hinckley in a moment of honesty admits that General Authorities are …

During my employment at Ensign Peak Advisors, senior leadership and other employees referred to and revered all funds as “tithing” money, regardless of whether they were referring to principal or earnings on that principal. Tithing donations from the Church’s members were commingled with earnings. Every penny was referred to as the “widow’s mite.” - David Nielsen, former Senior Portfolio Manager, Ensign Peak Advisors, Whistleblower | wasmormon.org
During my employment at Ensign Peak Advisors, senior leadership and other employees referred to and revered all funds as “tithing” money, regardless of whether they were referring to principal or earnings on that principal. Tithing donations from the Church’s members were commingled with earnings. Every penny was referred to as the “widow’s mite.” - David Nielsen, former Senior Portfolio Manager, Ensign Peak Advisors, Whistleblower

Donated Tithing Funds vs Earnings on Invested Tithing

The church repeatedly states that no tithing money is used for its business purposes, like funding the City Creek Center or bailout money for church-owned insurance company, Beneficial Life. The church is surprisingly secretive about finances and has not publicly disclosed any financial statements in the United States since 1959, that’s 65 years and counting. The …

Nothing to Hide?

President Gordon B. Hinckley, top leader of the Church (1995-2008) addresses several issues related to the church’s history and practices in an interview on Christmas Day in 2005. The interview covered many topics but here we’ll look closely at what he said about polygamy and fundamentalist Mormons and church history and transparency. Polygamy and Fundamentalist …

Gift of Crisis

The tumult of a faith deconstruction, especially in the Mormon faith, has been termed as a crisis, it’s often referred to as a faith crisis. There are podcasts focused on this, even books written about it. BYU did a study on the social media impact on a faith crisis which defines how the church views …

LDS Giving Machines: Charitable Fascade GasLighting The World

The Giving Machines are a charitable initiative by The Church of Jesus Christ of Latter-day Saints. Giving Machines are vending machines that allow people to “purchase” items such as food, clothing, and hygiene products, which are donated directly to those in need through other charities. People can select specific items from the machine, pay for …

Would There Be Fewer Mistakes if God Restored His Church Through You?

Elder Kyle McKay, the Executive Director of the Church History Department asks a rhetorical question. He asks during a devotional address (A Sure and Certain Foundation) in which he attempts to bolster testimonies by teaching how to believe. He absolves church leaders of mistakes by basically countering that “you couldn’t do any better.” He suggests …

Elder Ballard Gave Mormon Tithing Records to Tim Ballard as Potential OUR Donors

Tim Ballard has been a topic of discussion with his separation from O.U.R., the release of the Sound of Freedom movie, hint at running for US Senate for Utah, and then publicly denounced by the Mormon church leadership. The Davis County investigation into his dealings has produced some interesting allegations. If true these are incredible …

Mormon Church is Corporate – The Corporation of the President of The Church of Jesus Christ of Latter-day Saints

What is the church? The Mormon church is actually a corporate conglomerate. We see that all money belongs to “the church” and “the church” has sole discretion in how to use the funds. What exact entity is this referring to? The church in some sense can mean the building, in some sense, can mean the …

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 …