Members of the Mormon church are expected to give ten percent of their income as tithing. It’s treated as a basic requirement of faithful membership. But even though members contribute a significant portion of their earnings, they aren’t given a clear accounting of how that money is used. The Utah church does not release detailed budgets, financial reports, or yearly accounting. Members of the church donate fully on trust, without the kind of transparency they would expect from almost any other major charitable organization. Ensign Peak This lack of transparency became harder to overlook during the Ensign Peak investigation. For years the church separated its investment funds into thirteen shell companies and failed to fulfill federal reporting requirements. The SEC found that this structure used by the church was designed to conceal the true size and unity of Ensign Peak’s holdings. Per the SEC's 2023 report: " The Securities and Exchange Commission today announced c...
Advocate for Integrity