Exhibit 424

First Presidency Statement on Church Finances

Exhibit 424 · Institution statement

First Presidency Statement on Church Finances

The Church complies with all applicable law governing our donations, investments, taxes, and reserves.

The Church's response to media reports of the Nielsen whistleblower complaint. States that a portion of funds is "methodically safeguarded" as a reserve and that claims in circulation are "based on a narrow perspective and limited information."

Source: The Church of Jesus Christ of Latter-day Saints
Date: 17 December 2019
Quoted from: Statement, paragraph 2
Grade: Primary record
Document: https://newsroom.churchofjesuschrist.org/article/first-presidency-statement-church-finances
Accessed: 2026-11-09
Cited by: Findings citing this exhibit

Cited by

Finding REL-4.5: Primary record On 21 February 2023 the SEC ordered Ensign Peak Advisors to pay $4,000,000 and the Church $1,000,000 and ordered both to cease and desist, in a settlement in which neither admitted nor denied the findings. The Church's statement of the same day says Ensign Peak "received and relied upon legal counsel" and that "We affirm our commitment to comply with the law, regret mistakes made, and now consider this matter closed"; its statement of 17 December 2019 says "The Church complies with all applicable law governing our donations, investments, taxes, and reserves."