this post was submitted on 03 Nov 2023
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Mormon - All About Mormonism

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Mormon church sued again over its use of tithing funds (www.cnbc.com)
submitted 11 months ago by Rough_N_Ready@lemmy.world to c/mormon@lemmy.world
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[–] RandAlThor@lemmy.ca -1 points 11 months ago

The church’s corporate arm, the Corporation of the President of the Church of Jesus Christ of Latter-day Saints, solicits donations for humanitarian relief with promises that all donations are used to help those in need. But those promises are untrue, the latest lawsuit argues. The money instead has gone to Ensign Peak Advisors, a nonprofit created in 1997 that has grown to over $100 billion in value, the lawsuit alleges. Ensign Peak has spent funds only twice in its 26-year history, according to both lawsuits. In 2009, Ensign Peak spent $600 million to bail out a failing church-owned, for-profit life insurance company. From 2010-2014 it put $1.4 billion to build a mall near Temple Square in downtown Salt Lake City.

$1.4 billion spent for a mall is very charitable and generous act by Mormon church for the bored mormon teen agers.