Full version of David Nielsen's "Letter to an IRS Director" posted on youtube (December 2019).
"Letter to an IRS Director (Full); $100 billion Mormon Church," Letter to an IRS Director, Youtube Video, December 15, 2019, accessed April 24, 2022
[From the show notes]
An exposé on the full financial picture of America's wealthiest religion
. . .
The Corporation of the President of the Church of Jesus Christ of Latter-day Saints (COP) gives Ensign Peak Advisors (EPA), the "reserve of the reserves," between $1 and $2 billion each year. EPA's investment income is currently $7 billion per year. EPA has received around $20 billion in tax breaks from the American public over the past 22 years; however, it has never spent one dollar on anything religious, educational, or charitable despite now having more than $100 billion in highly-liquid (non-real estate) assets. EPA allegedly has made two unlawful distributions to bail out Beneficial Financial Group and to build the City Creek Mall using 100% never-invested tithing surplus. Public statements by Mormon leaders reveal a sustained intent to deceive the public, the membership, and the IRS about its size and use of funds.