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FreeState

(10,570 posts)
Mon Apr 20, 2020, 04:00 AM Apr 2020

Mormon Church gets $54 million in stimulus money

Really disgusting. They have over 100 billion in a rainy day fund. Immoral to its core.

https://www2.ed.gov/about/offices/list/ope/allocationsforsection18004a1ofcaresact.pdf


A former investment manager alleges in a whistleblower complaint to the Internal Revenue Service that the Church of Jesus Christ of Latter-day Saints has amassed about $100 billion in accounts intended for charitable purposes, according to a copy of the complaint obtained by The Washington Post.

https://www.washingtonpost.com/investigations/mormon-church-has-misled-members-on-100-billion-tax-exempt-investment-fund-whistleblower-alleges/2019/12/16/e3619bd2-2004-11ea-86f3-3b5019d451db_story.html


19 replies = new reply since forum marked as read
Highlight: NoneDon't highlight anything 5 newestHighlight 5 most recent replies
Mormon Church gets $54 million in stimulus money (Original Post) FreeState Apr 2020 OP
WTF? Indykatie Apr 2020 #1
that's disgusting... real small businesses could've used that. :/ SamBob Apr 2020 #2
Buying off Mitt Romney so that he won't spill the beans? TexasTowelie Apr 2020 #3
JHC!!! Give it to People who need it.. Not Religions. Cha Apr 2020 #4
More! More! More! Grokenstein Apr 2020 #5
Fucking TAX THE CHURCHES! LittleGirl Apr 2020 #6
And Right Wing Owned Ruth Chris Steakhouse got $20 Million Botany Apr 2020 #7
Liberty university Python boot Apr 2020 #8
Because it's not there Momgonepostal Apr 2020 #12
Go to page 10. I think what the OP has done is to total the figures for BYU. mahatmakanejeeves Apr 2020 #13
BYU is not like other private universities FreeState Apr 2020 #18
And now we know why it went so quick quakerboy Apr 2020 #9
OMFG SunSeeker Apr 2020 #10
BYU Python boot Apr 2020 #11
For me, the real eye-opener is the money going to the Paul Mitchell Schools, on pages 55 and 56. NT mahatmakanejeeves Apr 2020 #14
What is "www2" in your first link? OneBro Apr 2020 #15
www2 is a subdomain, used to balance server load Cirque du So-What Apr 2020 #17
And I have gotten NOTHING Ferrets are Cool Apr 2020 #16
I haven't gotten anything either MiniMe Apr 2020 #19

LittleGirl

(8,278 posts)
6. Fucking TAX THE CHURCHES!
Mon Apr 20, 2020, 05:21 AM
Apr 2020

Why the fuck were they even allowed to apply?
This is why we have such huge inequality!

Python boot

(74 posts)
8. Liberty university
Mon Apr 20, 2020, 05:26 AM
Apr 2020

I cannot find the Church of later day saints listed on the PDF copy the allocations. Can anyone help me out?
I did however notice on page 40 of the list that Liberty University was awarded 15,205,124 the right wing brainwashing institute that insisted students return to classes in the middle of this pandemic. Not a choice for an award that any sane person would make.

Momgonepostal

(2,872 posts)
12. Because it's not there
Mon Apr 20, 2020, 05:42 AM
Apr 2020

This appears to be a list of colleges and universities who are getting stimulus funds. The poster is calling the three campuses of Brigham Young University and possibly LDS Business College (not sure, I didn’t do the math) “the Mormon Church.”

If Notre Dame is there, does that count as the Catholic Church receiving money?

mahatmakanejeeves

(57,290 posts)
13. Go to page 10. I think what the OP has done is to total the figures for BYU.
Mon Apr 20, 2020, 05:45 AM
Apr 2020

There are three campuses. The big one is in Provo, Utah. There is another one in Rexburg, Idaho. There is a third in Hawaii. I knew of the first two, but not the one in Hawaii.

00367000 Brigham Young University $32,272,986 $16,136,493
00160600 Brigham Young University - Hawaii $2,306,881 $1,153,441
00162500 Brigham Young University - Idaho $18,172,623 $9,086,312

The first column is Total Allocation. The second column is Minimum Allocation to be Awarded for Emergency Financial Aid Grants to Students.

I don't think I'd agree with the OP that this is giving $54 million to the Mormon Church.

Full disclosure: I am not LDS. I did have a terrific coworker who was a devout member of LDS. He was a wonderful person with whom to work. As a result, I do not have a bad opinion of members of LDS. I like to greet them when I see them on their bicycles.

Welcome to DU.

FreeState

(10,570 posts)
18. BYU is not like other private universities
Mon Apr 20, 2020, 11:52 AM
Apr 2020

It is ran 100% by the Church (CES or Church Education Systems) and is funded through members tithing. It is an arm of the church and not like other religiously funded universities that are "affiliated" with a faith.

https://www.deseret.com/2016/8/19/20594317/byu-adjusts-honor-code-policies-for-students-who-leave-lds-church

"Church tithing supports BYU, so all Mormons who tithe support the university. Tuition this year is $5,300 for LDS undergraduates and $10,600 for non-LDS students."

quakerboy

(13,916 posts)
9. And now we know why it went so quick
Mon Apr 20, 2020, 05:34 AM
Apr 2020

Large companies with handy lawyers and accountants and friendly banks were able to quickly drain the fund, while individuals and smaller companies had to wait for consumer banks to figure out how to process the loans, and then get that information out to their individual clients.

There should have been a maximum set for the ppp loans.

OneBro

(1,159 posts)
15. What is "www2" in your first link?
Mon Apr 20, 2020, 05:48 AM
Apr 2020

Looking elsewhere, I can’t find support for a report of $54 million to the Mormon Church.

Cirque du So-What

(25,908 posts)
17. www2 is a subdomain, used to balance server load
Mon Apr 20, 2020, 08:48 AM
Apr 2020

Please note the '.gov' extension.

You must be using a different series of tubes, because I found dozens of links to this story.

MiniMe

(21,709 posts)
19. I haven't gotten anything either
Mon Apr 20, 2020, 10:45 PM
Apr 2020

Maybe on Wednesday? If I go to IRS.gov, I get Payment Status unavailable

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