Thank goodness for MormonLeaks.
The whistle-blowing website has now released information about 13 businesses that “appear to have ties to the Mormon Church” based on their government filings — filings you only have to submit if your company manages sums over $100 million.
They’re all investment companies that manage money and, in total, they’re worth a collective $32,769,914,000.
That’s more than 32 billion dollars. With a B.
This is possible because our laws allow it. It's my view that there should not be tax relief for "member benefit organizations" be they churches or lodges or whatever ... tax incentives should only exist for actual public charity, not for private club activities such as indoctrination (church, Sunday School), proselytization or any other form of new member solicitation, member entertainment, etc. Food kitchens, food banks, clothing for the indigent, sure. But not private club activities.
And "non profit" should be something other than an accounting trick. Profits should really be reinvested in more charity, not retained to the tune of billions of dollars.