Tech billionaire quits Mormon church and gives $600k to LGBTQ group

An advertising-technology billionaire has resigned his membership of The Church of Jesus Christ of Latter-day Saints and rebuked the faith over social issues and LGBTQ rights in an unusual public move.

Jeff T Green has pledged to donate 90% of his estimated $5bn (£3.77bn) fortune, starting with a $600,000 donation to the LGBTQ-rights group Equality Utah, the Salt Lake Tribune reported.

Eleven family members and a friend formally resigned along with him.

The church did not immediately return a request from the Associated Press seeking comment on Tuesday, but in recent years has shown a willingness to engage on LGBTQ rights that is unusual for a conservative faith. It maintains its doctrinal opposition to same-sex marriage and intimacy, but did not block a 2019 ban on so-called conversion therapy in Utah, and in November its leader, Dallin H Oaks, called for a recognition of both religious rights and LGBTQ rights.

Green, 44, who lives in southern California, is the CEO and chairman of the Trade Desk, an advertising-technology firm he founded in 2009.

He also expressed concerns about a $100bn investment portfolio held by the church. It was the subject of an Internal Revenue Service whistleblower complaint in 2019 from a former employee who said the church had improperly built it up using member donations that are supposed to go to charitable causes.

Leaders have defended how the church uses and invests member donations, saying most is used for operational and humanitarian needs, but a portion is safeguarded to build a reserve for the future. The faith annually spends about $1bn on humanitarian and welfare aid, leaders have said.