Roger Clarke - wasmormon.org

Ensign Peak and Portfolio Purposes - Exhibit A - David Nielsen's declaration in the James Huntsman lawsuit against the LDS Church

Donated Tithing Funds vs Earnings on Invested Tithing

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

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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Nothing to Hide?

Some scholars say historical records point to discrepancies with the official church history. How do you reconcile the differences? And what is the church's position on historical scholarship? "Well, we have nothing to hide. Our history is an open book. They may find what they are looking for, but the fact is the history of the church is clear and open and leads to faith and strength and virtues." - Gordon B. Hinckley, LDS Church President Answering Associated Press questions about the LDS Church, Dec 25, 2005 | wasmormon.org

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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Will the Church Ever Have Sufficient To Stop Requiring Tithing?

"We expect to see the day when we will not have to ask you for one dollar of donation for any purpose, except that which you volunteer to give of your own accord, because we will have tithes sufficient in the storehouse of the Lord to pay everything that is needful for the advancement of the kingdom of God." Joseph F Smith, LDS Church President, 1907 General Conference | wasmormon.org

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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Why the Mormon Church Hid Billions of Dollars of Investments?

"Church leaders were concerned that public knowledge of the fund’s wealth might discourage tithing. Paying tithing is more of a sense of commitment than it is the church needing the money. So they never wanted to be in a position where people felt like they shouldn’t make a contribution.” Roger Clarke, Head of Ensign Peak Advisors | wasmormon.org

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

Elder Dallin H. Oaks of the Quorum of the Twelve Apostles said that each year The Church of Jesus Christ of Latter-day Saints spends about $40 million on welfare, humanitarian and other LDS Church-sponsored projects around the world and has done so for more than 30 years.

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

Should we include these deductions in your tax return for 2020? Do the donations to The Church of Jesus Christ of Latter-day Saints still apply? – “Paying tithing is more of a sense of commitment than it is the church needing the money. So they never wanted to be in a position where people felt like, you know, they shouldn’t make a contribution.” – Roger Clarke, the head of Ensign Peak | wasmormon.org

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

LDS Church has in reserves at least $32 Billion. Has stated "we expect to see the day when we will not have to ask you for one dollar of donation for any purpose, except that which you volunteer to give of your own accord, because we will have tithes sufficient in the storehouse of the Lord to pay everything that is needful for the advancement of the kingdom of God." Joseph F Smith.

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”

After whistleblower report states church amassed $100 Billion Fund: "Claims being currently circulated are based on a narrow perspective and limited information. The Church complies with all applicable law governing our donations, investments, taxes, and reserves. We continue to welcome the opportunity to work with officials to address questions they may have." – 2019 First Presidency: Russell M Nelson, Dallin H Oaks, Henry B Eyring - wasmormon.org

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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LDS Church’s Misstated Filings to SEC Approved by First Presidency

After being ordered to cease and decist misstating filings and settling for $5M. "We reached resolution with the SEC. We affirm our commitment to comply with the law, regret mistakes made, and now consider this matter closed." 2023 First Presidency: Russell M Nelson, Dallin H Oaks, Henry B Eyring - wasmormon.org

For the past week, the church has been all over the news. Not for something they will want to draw publicity. The U.S. Securities and Exchange Commission announced that the Church has been fined $5 Million for using shell companies to obscure the size of its investment portfolio. On February 21st, the SEC issued a …

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Donated Tithing Funds vs Earnings on Invested Tithing

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