
- James Huntsman, the brother of former Utah Gov. Jon Huntsman and a member of a wealthy and influential family, filed a federal lawsuit against the Church of Jesus Christ of Latter-day Saints on Tuesday. He alleged that the church had defrauded him of millions of dollars in donations by misleading him into thinking his money would be spent on charitable causes.
- It has to do with the idea of “tithes” and the ways a giant institution like the Mormon church handles its wealth. Tithes are a fairly common concept among religious institutions; the Mormon church just seems better at encouraging its members to pay their share, and better at keeping track.
- In 2019, the Washington Post reported that the church had not spent as much on these religious causes as many members assumed: $100 billion was sitting, unused, in accounts marked for charitable aims. The church’s nonprofit investment division’s president justified the stockpiling of such a vast fortune by arguing that they would be used “in the event of the second coming of Christ,” according to a complaint reported on by the Post.
See full story here.
Categories: Business
Leave a Reply