Tribune Editorial Board: Those who give to the LDS Church deserve an accounting of their money.
The Church Office Building, located at 50 E N Temple St, Salt Lake City, is home to the headquarters of The Church of Jesus Christ of Latter-day Saints.And Jesus sat over against the treasury, and beheld how the people cast money into the treasury: and many that were rich cast in much. And there came a certain poor widow, and she threw in two mites, which make a farthing.
Those who give deserve more than to be held in the good graces of ecclesiastical leaders. They deserve a full and public accounting of where their contributions go and how they are spent. If they are spent.because a former employee of the church-owned Ensign Peak Advisors investment firm started complaining that the company’s $100 billion or more in assets was not being properly managed.
Whistleblower David Nielsen took his case to the IRS in 2019 and has since tried to interest the U.S. Senate Finance Committee in the matter. More recently, according toWhile the legal process plays out, the real issue for the church and those who fund and support it is the shroud of secrecy the church has kept, not only over Ensign Peak since its creation in 1997, but also the church’s many other assets and real estate holdings.
Every large organization — whether it is a government, a corporation or a nonprofit religious institution — is more likely to make the right decisions and keep to the ethical high ground if what it does is open and its leaders kept accountable. The LDS Church seemed to be aware of that up until the late 1950s,Now, nobody knows if Ensign Peak or other church-owned firms are independently audited, if they have internal audit committees, if top leadership of the church even knows what it going on.
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