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![]() Because Ensign Peak is registered as a nonprofit, it all grows tax-free.ĭavid Nielsen says since it was created in 1997, the reserve fund has swelled beyond $100 billion - twice the size of Harvard's endowment or the Bill and Melinda Gates Foundation.ĭavid Nielsen: You could solve big problems with $100 billion. Whatever is left over - about a billion dollars a year - is put into a reserve fund at Ensign Peak and invested. Tithing is what's used to- operate some of the church's programs. ![]()
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