Washington Post Article Exposes 100 Billion Dollar Mormon Church Slush Fund
“A former investment manager alleges in a whistleblower complaint to the Internal Revenue Service that the Church of Jesus Christ of Latter-day Saints has amassed about $100 billion in accounts intended for charitable purposes, according to a copy of the complaint obtained by The Washington Post.
The confidential document, received by the IRS on Nov. 21, accuses church leaders of misleading members — and possibly breaching federal tax rules — by stockpiling their surplus donations instead of using them for charitable works. It also accuses church leaders of using the tax-exempt donations to prop up a pair of businesses.” (Washington Post)
Mormon Church Responds Touting 67 Million Dollars in Annual Charitable Donations
“The church offered no specific comment about the complaint or Nielsen prior to the Post’s story. Instead it directed the Post and other media to past comments by church leaders about church finances. Leaders previously have said the faith provides $40 million a year to address famines, respond to natural disasters, aid refugees, give medical care and training and more through its humanitarian arm, Latter-day Saint Charities.”
“Latter-day Saint Charities reported in February that the figure is even larger. Its 2018 annual report says the charity has provided more than $2.2 billion, or an average of $64.7 million a year, in 197 countries since its creation in 1985.” (KSL.com)
$67 Million is .00067 of $100,000,000,000 That Goes to Charity
Real Money Could Be Used to Help Real People
If You Are Looking for Other Ways To Use $100 Billion....
* The estimate that $30 billion could end world hunger for a year comes from the United Nations Food and Agriculture Organization.
*40,056 Homeless Veterans as of a December Department of Housing and Urban Development report. $2.94 average cost per meal, The Mormon Church Could Feed Them All 847,457 Times for 774 Years!
*It would cost about $20 billion for the government to effectively eliminate homelessness in the United States,