Ahh ... Welcome to the real world. That's what I used to believe long back. Later I realized that most so called NGOs are just for lining up the pockets of the management, and to help them lead a luxurious life paid for by the NGOs 'administrative expenses'.
> David 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. David Nielsen: You could solve big problems with $100 billion.
I get his point. But there is a counter argument too.
I have seen some business houses establish Trusts that own shares of various companies. The annual income of these trusts from interest, dividends and profits etc goes into various social activities.
This ensures that the organization will last for decades instead of spending all the money in one go. That allows them to take up long term projects was my understanding.
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The real issue is that the Church claims that they are investing money in humanitarian activities and the whistleblower says that they are not. But I think that the whistleblower might not have access to those accounts as those belong to the Church, he was with the investment arm.
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IRS might be looking to expand it's Tax base. Taxing Religious organizations can be a good rallying cry for Democratic voter base. After the rich and wealthy, go after the religions to raise more Taxes.