The LDS Church’s Alleged $100 Billion Surplus

Dec 20, 2019

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