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On February 21, 2023, the United States Securities and Exchange Commission (SEC) charged the Church of Jesus Christ of Latter-day Saints (LDS Church) and its non-profit investment arm, Ensign Peak Advisors (EP), for failing to disclose the LDS Church's investments, and instead creating shell companies whose purpose was to obscure the church's portfolio.
The Church of Jesus Christ of Latter-day Saints and a nonprofit entity that it controlled have been fined $5 million by the Securities and Exchange Commission over accusations that the religious ...
The US Securities and Exchange Commission says The Church of Jesus Christ of Latter-day Saints and its investment arm will pay $5m
Ensign Peak Advisors (/ ˈ ɛ n s aɪ n / EN-syne) [3] (EP) is the investment manager for assets of the Church of Jesus Christ of Latter-day Saints (LDS Church). [4]In 1997, the investment division of the LDS Church was spun off into a separate legal entity named after Ensign Peak, a hill that overlooks Salt Lake City. [4]
In 2022, a bankruptcy judge approved a reorganization plan for the Boy Scouts of America to settle claims of child sexual abuse by troop leaders. The original plan was to include a US$ 250 million payment from the LDS Church, but the judge refused to approve that part of the settlement proposal, stating it went too far in attempting to protect the LDS Church from abuse claims that were only ...
Ensign Peak Lags the S&P 500 as Church Wealth Approaches $265 Billion. This fund is, of course, only a portion of the Utah-based church's overall wealth, representing the U.S. stocks it holds ...
According to the LDS Church, most of its revenues come in the form of tithes and fast offerings contributed by members. [21] Tithing donations are used to support operations of the church, including construction and maintenance of buildings and other facilities, and are transferred from local units directly to church headquarters in Salt Lake City, where the funds are centrally managed.
It was later named the "Church of the Latter Day Saints". It was renamed the "Church of Jesus Christ of Latter Day Saints" in 1838 (stylized as the "Church of Jesus Christ of Latter-day Saints" in the United Kingdom), [6] which remained its official name until Smith's death in 1844. This organization subsequently splintered into several ...