(Salt Lake City, UT) — The Church of Jesus Christ of Latter-day Saints is responding to allegations that it “stockpiled” billions of dollars in charitable donations. In a recent interview with CBS’ 60 Minutes, a former investment manager for the Church said it used its tax-exempt status to keep at least 100-billion dollars in donations “instead of using them for charitable works.” The Church issued a statement today, saying the former employee has “a different view on how the Church should manage its resources.” It called the accusations “unfounded” and the 60 Minutes report “unfortunate.”

In light of the airing of Sunday’s program, The Church of Jesus Christ released the following statement:

“The Church believes in being financially responsible by carefully ensuring it has adequate resources available to fulfill its divinely appointed responsibilities. To Church members who support the work of salvation through living the gospel of Jesus Christ, caring for those in need, inviting all to receive the gospel and uniting families for eternity, we’ll continue to move forward consistent with the gospel of Jesus Christ which makes this world a better place.

It’s unfortunate ‘60 Minutes’ sought to elevate a story based on unfounded allegations by a former employee who has a different view on how the Church should manage its resources.”