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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