An LDS portfolio manager claims a church-owned nonprofit should be stripped of its tax-exempt status.
Monday night focuses on a complaint filed by a whistleblower—who alleges the Mormon Church holds $100 billion in a charitable fund from member donations that hasn’t been spent in over 20 years—but is instead reportedly intended for the “second coming of Christ.” The complaint was filed with the IRS on November 21 by David A.
U.S. nonprofits, including religious organizations are tax-exempt, but Neilsen’s complaint says Ensign should be stripped of its tax-exempt status by the IRS because it has not used the $100 billion on charitable works. Neilsen’s complaint claims Ensign president Roger Clarke has said the fund would be used should the second coming of Christ occur, while
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