The Church of Jesus Christ of Latter Day Saints stockpiled $100 billion in donations collected for charitable purposes, according to a whistleblower complaint to the IRS.
The Washington Post reports: “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.”
David A. Nielsen, a 41-year-old Mormon and former portfolio manager at the church’s investment division, filed the complaint. The LDS Church has not responded to the complaint.