

The $100 Billion Question
Aaron Miller
In May of this year, the news program 60 Minutes aired a segment exploring the finances of The Church of Jesus Christ of Latter-day Saints. David Nielsen, a former portfolio manager at Ensign Peak, the investment arm of the Church, alleged that the Church had been operating improperly as a tax-exempt organization and called for that tax-exempt status to be revoked. 60 Minutes also interviewed W. Christopher Waddell, first counselor in the Presiding Bishopric, who denied Nielsen’s claims. Near the end of June, the Wall Street Journal published an article of its own, again emphasizing the size of the Church’s assets and the opulence of its temples.
