Date: August 08, 2013 12:52PM
"Ensign Peak Advisors [EPA] is an investment fund of the Mormon Church. According to profiles on LinkedIn, managers at Ensign Peak specialize in international equities, cash management, fixed income, quantitative investment, and emerging markets. One of Ensign Peak's vice presidents in 2006 told the Deseret News that 'billions of dollars change hands every day.'"
"'As we trade securities, all of the trading happens essentially with a handshake,' said Laurence R. Stay, vice president of Ensign Peak Advisors Inc., and a CFA charter holder. 'There's lots of protections around it, but billions of dollars change hands every day just based on the ethics of the group — that people know that they can trust each other.'"
LD$ Inc.'s corporate structure is shown in the "Holy Holdings" graphic at http://www.businessweek.com/articles/2012-07-10/how-the-mormons-make-money#p2
"According to U.S. law, religions have no obligation to open their books to the public, and the LDS Church officially stopped reporting any finances in the early 1960s. In 1997 an investigation by Time used cross-religious comparisons and internal information to estimate the church’s total value at $30 billion. The magazine also produced an estimate that $5 billion worth of tithing flows into the church annually, and that it owned at least $6 billion in stocks and bonds. The Mormon Church at the time said the estimates were grossly exaggerated, but a recent investigation by Reuters in collaboration with sociology professor Cragun estimates that the LDS Church is likely worth $40 billion today and collects up to $8 billion in tithing each year.
"Quinn, a faithful Mormon who spent 12 years on the faculty at the LDS Church’s Brigham Young University in Provo, Utah, before being excommunicated for apostasy related to research he published on Mormons, has been gathering financial information for years. Several high-ranking church insiders told him that the church’s finances are so compartmentalized that no single person, not even the president, knows the entirety of its holdings."
(Ref. - #p2 Businessweek link above)
"According to an official church Welfare Services fact sheet, the church gave $1.3 billion in humanitarian aid in more than 178 countries and territories during the 25 years between 1985 and 2010. A fact sheet from the previous year indicates that less than one-third of the sum was monetary assistance, while the rest was in the form of 'material assistance.' All in all, if one were to evenly distribute that $1.3 billion over a quarter-century, it would mean that the church gave $52 million annually. A study co-written by Cragun and recently published in Free Inquiry estimates that the Mormon Church donates only about 0.7 percent of its annual income to charity; the United Methodist Church gives about 29 percent."