Mormon Church has misled members on $100 billion tax-exempt investment fund, whistleblower alleges
THE WASHINGTON POST
The church did not respond to detailed questions from The Post about the complaint and said in a statement Monday that it does not discuss specific financial transactions. On Tuesday, after the first version of this story was published, the church said it takes seriously its responsiblity to care for members’ donations.
The complaint provides a window into the closely held finances of one of the nation’s most visible religious organizations, based in Salt Lake City. It details a church fortune far exceeding past estimates and encompassing stocks, bonds and cash.
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The Liberty Beacon Project is now expanding at a near exponential rate, and for this we are grateful and excited! But we must also be practical. For 7 years we have not asked for any donations, and have built this project with our own funds as we grew. We are now experiencing ever increasing growing pains due to the large number of websites and projects we represent. So we have just installed donation buttons on our websites and ask that you consider this when you visit them. Nothing is too small. We thank you for all your support and your considerations … (TLB)
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I don’t know who these guys think is benefiting from the money. I’ve seen up close and personal the good the church is doing when I visited my parents on the dental mission in Guatemala. Beyond offering free medical services to orphans and children, they have missionaries that go around and ask medical clinics, blind schools, etc. what they need and buy them the supplies they need. They provide clean water sources, etc. They do so much good. Meanwhile, the leaders of the church have nice but modest homes. They live their lives serving when they could be relaxing in their retirement years. This type of scrutiny is ignorant in my mind. The church puts its money where its mouth is. They do so much good.