The Church of Jesus Christ of Latter-day Saints issues statement following ’60 Minutes’ report on handling of Church finances – Cache Valley Daily

Headquarters of The Church of Jesus Christ of Latter-day Saints

SALT LAKE CITY — The Church of Jesus Christ of Latter-day Saints has released a statement following a “60 Minutes” report on the Church’s finances that aired Sunday night locally.

David A. Nielsen, a former senior portfolio manager for Ensign Peak Advisors, the Church’s investment division, was interviewed in news magazine program.

He alleged the Church “stockpiled” at least $100 billion of charitable donations “instead of using them for charitable works.”

During the CBS program, Nielsen said he reported the Church to the IRS in 2019 because “this is too big a deal… this is not an example for how we should be.”

The Church issued a statement on Monday regarding the report.

It read, “The Church believes in being financially responsible by carefully ensuring it has adequate resources available to fulfill its divinely appointed responsibilities. To Church members who support the work of salvation through living the gospel of Jesus Christ, caring for those in need, inviting all to receive the gospel and uniting families for eternity, we’ll continue to move forward consistent with the gospel of Jesus Christ which makes this world a better place.

“It’s unfortunate ‘60 Minutes’ sought to elevate a story based on unfounded allegations by a former employee who has a different view on how the Church should manage its resources.”

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