Tag Archives: money

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 …

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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 …

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“When the priests left their labor to impart the word of God unto the people, the people also left their labors to hear the word of God. And when the priest had imparted unto them the word of God they all returned again diligently unto their labors; and the priest, not esteeming himself above his hearers, for the preacher was no better than the hearer, neither was the teacher any better than the learner; and thus they were all equal, and they did all labor, every man according to his strength.” - Alma 1 | The Book of Mormon | wasmormon.org
“When the priests left their labor to impart the word of God unto the people, the people also left their labors to hear the word of God. And when the priest had imparted unto them the word of God they all returned again diligently unto their labors; and the priest, not esteeming himself above his hearers, for the preacher was no better than the hearer, neither was the teacher any better than the learner; and thus they were all equal, and they did all labor, every man according to his strength.” - Alma 1 | The Book of Mormon
Do General Authorities get paid? "General Authorities are given a living allowance which enables them to focus all of their time on serving in the Church. The living allowance is uniform for all General Authorities. None of the funds for this living allowance come from the tithing of Church members, but instead from proceeds of the Church's financial investments." - LDS Church Website FAQ | faq.churchofjesuschrist.org | wasmormon.org
Do General Authorities get paid? "General Authorities are given a living allowance which enables them to focus all of their time on serving in the Church. The living allowance is uniform for all General Authorities. None of the funds for this living allowance come from the tithing of Church members, but instead from proceeds of the Church's financial investments." - LDS Church Website FAQ | faq.churchofjesuschrist.org

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 …

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Native American Museum Returns Church’s $2 Million Donation Due to Strings Attached

The church leadership announced a $2 million donation to the First Americans Museum in Oklahoma City. Church President Russell M. Nelson stated that “the gift from the church will strengthen Native American and other families by creating within the museum a FamilySearch center.” The church praises itself on this contribution in a newsroom article and …

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Anytime an organization's operational budget is primarily made up of tax-free donations, from my perspective, they have an ethical obligation to be transparent about their finances. The reason why they have tried for so long to keep these portfolios under wraps, is because they are concerned that it would lower people's willingness to pay tithing. - Ryan McKnight, Government Regulator & Founder of Mormon Leaks. The Fifth Estate, October 27, 2022 | wasmormon.org
Anytime an organization's operational budget is primarily made up of tax-free donations, from my perspective, they have an ethical obligation to be transparent about their finances. The reason why they have tried for so long to keep these portfolios under wraps, is because they are concerned that it would lower people's willingness to pay tithing. - Ryan McKnight, Government Regulator & Founder of Mormon Leaks. The Fifth Estate, October 27, 2022
It makes me feel pretty nauseous, to be quite honest, because although it's good to see a church investing funds in blue chip investments, that has to be balanced against how those funds could be used to benefit the lives of individuals and families. Even if it were only individuals and families within the church, a lot of people who are suffering could have their suffering alleviated if instead instead of diverting those monies into investment, they invested in individuals and families. - Neville Rocco, Australian Barrister, Former Mormon, Bishop, Free-thinker - The Fifth Estate, October 27, 2022 | wasmormon.org
It makes me feel pretty nauseous, to be quite honest, because although it's good to see a church investing funds in blue chip investments, that has to be balanced against how those funds could be used to benefit the lives of individuals and families. Even if it were only individuals and families within the church, a lot of people who are suffering could have their suffering alleviated if instead instead of diverting those monies into investment, they invested in individuals and families. - Neville Rocco, Australian Barrister, Former Mormon, Bishop, Free-thinker - The Fifth Estate, October 27, 2022
We knew they had plenty of money, but we always assumed the money was just being used for good, charitable purposes. That's the messaging that you receive through the church anyway. It wasn't a gift, it was extorted out of us, and I want that acknowledged. I want it acknowledged that I did not give that money willingly. I gave it because I had to, and I don't believe the rubbish their peddling. I want my tithing money back. - Trevor and Sue Given, Australian Ex-Mormons, seeking refund of donations to Mormon church - The Fifth Estate, October 27, 2022 | wasmormon.org
We knew they had plenty of money, but we always assumed the money was just being used for good, charitable purposes. That's the messaging that you receive through the church anyway. It wasn't a gift, it was extorted out of us, and I want that acknowledged. I want it acknowledged that I did not give that money willingly. I gave it because I had to, and I don't believe the rubbish their peddling. I want my tithing money back. - Trevor and Sue Given, Australian Ex-Mormons, seeking refund of donations to Mormon church - The Fifth Estate, October 27, 2022
The Mormon church will have you to believe that it's a religion that dabbles in business, but the evidence clearly shows that they are a business dabbling in religion, 100 percent. We uncovered, in terms of dollar value, even if you go on the conservative end of it, the church are clearly without a doubt, the wealthiest single landowner in the United States. There's no no question about it. Nobody comes even close. - Ryan McKnight, Government Regulator & Founder of Mormon Leaks. The Fifth Estate, October 27, 2022 | wasmormon.org
The Mormon church will have you to believe that it's a religion that dabbles in business, but the evidence clearly shows that they are a business dabbling in religion, 100 percent. We uncovered, in terms of dollar value, even if you go on the conservative end of it, the church are clearly without a doubt, the wealthiest single landowner in the United States. There's no no question about it. Nobody comes even close. - Ryan McKnight, Government Regulator & Founder of Mormon Leaks. The Fifth Estate, October 27, 2022
In Canada, there's a charities directorate and I was able to see the full financial information. I was floored. I was like, holy cow, why don't I see qualified donations for the Red Cross or the Food Bank? I was like, what the heck!? $100 million donated to BYU? They've manipulated not only the general membership, but they've duped governments. - 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
In Canada, there's a charities directorate and I was able to see the full financial information. I was floored. I was like, holy cow, why don't I see qualified donations for the Red Cross or the Food Bank? I was like, what the heck!? $100 million donated to BYU? They've manipulated not only the general membership, but they've duped governments. - 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
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
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
Why does God, God of Miracles, require all this money? With its preponderantly corporate structure, what else is it going to do? It's going to bring money in like a vacuum cleaner, to benefit the shareholders. That's what it does. When you join the dots, this seems to be a pattern of behavior that doesn't really favor the church very well in how it looks as a church. - Neville Rocco, Australian Barrister, Former Mormon, Bishop, Free-thinker - The Fifth Estate, October 27, 2022 | wasmormon.org
Why does God, God of Miracles, require all this money? With its preponderantly corporate structure, what else is it going to do? It's going to bring money in like a vacuum cleaner, to benefit the shareholders. That's what it does. When you join the dots, this seems to be a pattern of behavior that doesn't really favor the church very well in how it looks as a church. - Neville Rocco, Australian Barrister, Former Mormon, Bishop, Free-thinker - The Fifth Estate, October 27, 2022
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
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
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
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