A Slightly More Transparent LDS Church One Year After News Of A $100 Billion Fund

Ensign Peak Advisors, the investment firm connected to the Church of Jesus Christ and Latter-Day Saints, started filing a quarterly 13F form on Feb. 14, 2010, with the Securities and Exchange Commission, which regulates publicly traded companies and other financial firms. Its initial filing revealed EPA had $38 billion in stocks and mutual funds at the end of 2019, including $1.5 billion in Apple and Microsoft. The firm had nearly $1 billion worth of shares in Amazon and Google’s parent company, Alphabet, as well.

LDS Church Members Discuss Tithes And Alleged $100 Billion Stockpile

The whistleblower distanced himself from the public exposure of the case by his twin brother. After pointing reporters to its frequently asked questions about finances on Monday, The LDS Church published a statement on Tuesday and then posted three short videos to YouTube on Friday. And past and present members of the LDS Church discussed the allegations widely online as the story spread through traditional and social media.

Whistleblower Alleges $100 Billion Secret Stockpile By Mormon Church

The 74-page document filed with the IRS and obtained by Religion Unplugged shows that Ensign Peak Advisors, Inc. saw owned assets under management grow to more than $100 billion from $10 billion in the past 22 years, fueled by a mix of investment strategy and tithe money from church members. The complaint may be the most important look at LDS finances in decades, a window into one of the wealthiest religious organizations in the United States and world.

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