Whistleblower to IRS: "Mormon Church has amassed $100 billion in tax-empt fund

[Evangelicalhumanist]

An investigation published by the Washington Post Monday night focuses on a complaint filed by a whistle-blower⁠ who alleges the Church Of Jesus Christ Of Latter-day Saints 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.”

Mormon Church Reportedly Amassed $100 Billion Fund For ‘Second Coming Of Christ’

 

[Revoltingest]

Christ will need money.
What's the problem?

 

[robocop (actually)]

An investigation published by the Washington Post Monday night focuses on a complaint filed by a whistle-blower⁠ who alleges the Church Of Jesus Christ Of Latter-day Saints 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.”

Mormon Church Reportedly Amassed $100 Billion Fund For ‘Second Coming Of Christ’

My Church has never had a financial scandal in its entire history. I hope this accusation turns out OK for them. I never heard of a second coming fund.

And like Revolutiongiest says, they believe the second coming is coming soon and money can help them fight for Christ to win.

 

[Jayhawker Soule]

An investigation published by the Washington Post Monday night focuses on a complaint filed by a whistle-blower⁠ who alleges the Church Of Jesus Christ Of Latter-day Saints 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.”

Mormon Church Reportedly Amassed $100 Billion Fund For ‘Second Coming Of Christ’

Therefore?

 

[Woberts]

I didn't think it was possible for the Mormons to be more repugnant. The September Six and all those like them, and now this.

 

[robocop (actually)]

So do you honestly think my Church the Church of Jesus Christ of Latter-day Saints is going to be found to have a financial scandal? Can you prove in court that there will be no second coming?

You do realize how many churches offer intangibles in exchange for donations right?

 

[Katzpur]

My Church has never had a financial scandal in its entire history. I hope this accusation turns out OK for them.

Well, you know, if you read it, it must be true.

I never heard of a second coming fund.

Of course you haven't. That's stupid. There may possibly be a fund with $1 billion dollars in it (although I rather doubt it), but a "Second Coming Fund"? What on earth for?

 

[Katzpur]

I didn't think it was possible for the Mormons to be more repugnant. The September Six and all those like them, and now this.

I love you, too!

 

[Dan From Smithville]

My Church has never had a financial scandal in its entire history. I hope this accusation turns out OK for them. I never heard of a second coming fund.

And like Revolutiongiest says, they believe the second coming is coming soon and money can help them fight for Christ to win.

How could Christ be in a losing position in anything? People, sure, but not Christ. His victory has been foretold.

 

[Dan From Smithville]

Well, you know, if you read it, it must be true.

Of course you haven't. That's stupid. There may possibly be a fund with $1 billion dollars in it (although I rather doubt it), but a "Second Coming Fund"? What on earth for?

The after party?

 

[Evangelicalhumanist]

So do you honestly think my Church the Church of Jesus Christ of Latter-day Saints is going to be found to have a financial scandal? Can you prove in court that there will be no second coming?

You do realize how many churches offer intangibles in exchange for donations right?

What does it matter what I think? It only matters what the tax people think. There are rules around even religious tax exemption.

 

[Dan From Smithville]

So do you honestly think my Church the Church of Jesus Christ of Latter-day Saints is going to be found to have a financial scandal? Can you prove in court that there will be no second coming?

You do realize how many churches offer intangibles in exchange for donations right?

I know. The idea of desperate people giving me money for nothing has been a recurring temptation for me to form my own religion. It's tax exempt too. Yahoo!

 

[robocop (actually)]

How could Christ be in a losing position in anything? People, sure, but not Christ. His victory has been foretold.

Before He comes there will be a great battle of good and evil. That battle must be fought strategically by the good! How good we do before Christ comes matters!

 

[Evangelicalhumanist]

Christ will need money.
What's the problem?

Give him 2 tens and 5 fives -- he can do with those what he did with the loaves and fishes.

 

[9-10ths_Penguin]

Therefore?

The explanation I read in another article:

Charities have to use their money for charitable purposes. Reasonable reserve funds are allowed, but hoarding money isn't considered a charitable purpose.

That being said, other charities have similar hoards of money (for instance), so it seems to me like this might be making a whole lot out of the LDS Church not formally setting this fund up as an endowment.

I think there have been much worse violations of tax rules by religious organizations.

 

[robocop (actually)]

What does it matter what I think? It only matters what the tax people think. There are rules around even religious tax exemption.

Yep. And my Church has never had a financial scandal so far in its history. Joseph Smith went to court at least 100 times and was found innocent every time.

 

[Dan From Smithville]

Before He comes there will be a great battle of good and evil. That battle must be fought strategically by the good! How good we do before Christ comes matters!

I thought it was acceptance of Christ that mattered. Silly me.

 

[Jayhawker Soule]

I love you, too!

Just a side point.

If you get a fund distribution, my dear friend, you're taking me out to dinner.

 

[Dan From Smithville]

Give him 2 tens and 5 fives -- he can do with those what he did with the loaves and fishes.

He didn't seem to need money on the first pass. Apparently his interests will be more worldly on the next round. Inflation or keeping up with the Kardashians?

 

[robocop (actually)]

I thought it was acceptance of Christ that mattered. Silly me.

If you think what we do doesn't matter, I oppose your line of thought. Acceptance of Christ means loving Him, obeying His commandments, following His example, taking upon us His name, remembering Him, emulating Him, listening to all He said, and trying to get what He was about among other things.