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The LDS Church’s Alleged $100 Billion Surplus

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KUER file photo
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This week, the Washington Post reported that a whistleblower filed a complaint to the Internal Revenue Service that The Church of Jesus Christ of Latter-Day Saints has stockpiled roughly $100 billion in funds in their investment management company, Ensign Peak Advisors.

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This week, the Washington Post reported that a whistleblower filed a complaint to the Internal Revenue Service that The Church of Jesus Christ of Latter-Day Saints has stockpiled roughly $100 billion in funds in their investment management company, Ensign Peak Advisors. This potentially puts them in violation of their tax-exempt status, and raises the question: Should a religious institution have much money stored away?   

GUESTS

  • Jon Swaine, investigative reporter for the Washington Post
  • Lee Hale, religion reporter for KUER; host of Preach
  • Samual Brunson, Georgia Reithal Professor of Law at Loyola University Chicago; author of God and the IRS: Accommodating Religious Practice in United States Tax Law

Doug Fabrizio has been reporting for KUER News since 1987, and became News Director in 1993. In 2001, he became host and executive producer of KUER's RadioWest, a one hour conversation/call-in show on KUER 90.1 in Salt Lake City. He has gained a reputation for his thoughtful style. He has interviewed everyone from Isabel Allende to the Dalai Lama, and from Madeleine Albright to Desmond Tutu. His interview skills landed him a spot as a guest host of the national NPR program, "Talk of the Nation." He has won numerous awards for his reporting and for his work with RadioWest and KUED's Utah NOW from such organizations as the Society of Professional Journalists, the Utah Broadcasters Association, the Public Radio News Directors Association and the Academy of Television Arts and Sciences.