On the 17th December, the Washington Post published an article about a former employee of Ensign Peak Advisors, (a not for profit corporation constituted under the direction of of the Corporation of the President of the Church of Jesus Christ of Latter-day Saints). The article tells of the whistleblower’s complaint to the IRS alleging that Ensign Peak has failed to meet its charitable giving obligations. According to the complaint, not one charitable distribution from the $100billion dollars that purportedly sits with Ensign Peak has been made during its 22 years of operation, which it is obligated to do as a supporting organisation with tax-exempt status.
Professor Sam Brunson, a tax law specialist at Loyola University, joins me in order to make sense of what the complaint to the IRS is all about and if and how it might be resolved.
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Sensible analysis.
I wonder how much it contributes to the economy to have static amount of money in the stocks while it collects interest.
Ever thought of having David Nielsen as a guest on your podcast?
(I had written the same reply a few days ago, but I cannot longer find it.) Has it been unintentionally removed?