The MormonLeaks report indicates that its people attempted to contact each of the companies’ LLC managers, whose names were required on business forms.
Only one person admitted she was the manager of the LLC, MormonLeaks said, but she would not confirm the company she managed was owned by the LDS Church.
MormonLeaks also said its people checked the names of the LLC managers against a 2015 directory of LDS employees, and found all the managers’ names listed. The website did not provide the names or any kind of access to the directory.
Asked for comment, the LDS Church referred to a recent statement it published online about finances. It says that just as a household should set aside money for future needs, so should the church.
“These funds are added to Church reserves, which include stocks and bonds, taxable businesses, agricultural interests and commercial and residential property.”
“While the vast majority of its financial resources comes from the tithes and offerings of Church members, the Church also holds business interests that help in accomplishing its mission.”
The MormonLeaks article listed the names of the 13 companies:
- Ashmore Wealth Management LLC, valued at $1,918,532,000
- Argyll Research LLC, valued at $446,327,000
- Clifton Park Capital Management, LLC, valued at $880,518,000
- Cortland Advisers LLC, valued at 2,177,742,000
- Elkfork Partners LLC, valued at $3,687,774,000
- Flinton Capital Management LLC, valued at $2,943,847,000
- Glen Harbor Capital Management LLC, valued at $4,407,275,000
- Green Valley Investors LLC, valued at $2,098,464,000
- Meadow Creek Investment Management LLC, valued at $4,603,236,000
- Neuburgh Advisers LLC, valued at $2,791,122,000
- Riverhead Capital Management LLC, valued at $2,361,388,000
- Tiverton Asset Management LLC, valued at $1,598,252,000
- Tyers Asset Management LLC, valued at $2,855,436,000
The combined values of the companies is nearly $32.8 billion.