Whistleblower reports Mormon Church has amassed a $100 billion tax-free fund

The Church of Jesus Christ of Latter-day Saints has amassed $100 billion in tax-free funds that should have gone to charitable causes, according to a whistleblower who alerted the IRS, reports 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.

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https://www.washingtonpost.com/investigations/mormon-church-has-misled-members-on-100-billion-tax-exempt-investment-fund-whistleblower-alleges/2019/12/16/e3619bd2-2004-11ea-86f3-3b5019d451db_story.html

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