What you need to know to open a new endowment
Hindu Heritage Endowment (HHE) is a collection of over 75 individual funds. These funds were created by an interested benefactor with a minimal donation of US$10,000. Each fund has one or more charitable organizations as beneficiaries. The funds are pooled together and invested by our investment firm, Halbert, Hargrove LLC. From the interest, dividends and realized gains, the beneficiaries receive a grant either quarterly or annually based on the principal of the fund. For example, a fund with the principal of $10,000 would receive an annual grant of $400 or about 4% of the principal for the beneficiary. For the year 2016 the grant amount is reduced to 2% to reflect recent low financial market returns.
HHE does not provide grants to organizations which are not beneficiaries of an HHE fund.For your charity to qualify for grants, the charity would need to be Hindu-based or have Hindu activities, and a fund would need to be created for the charity. This would be ideal for the long term financial stability of the organization. But for immediate needs the organization would need to depend on spendable donations.
The Iraivan Hindu Temple in Hawaii is a good example of a temple which raises funds for immediate building fund and maintenance needs as well as using 45% of those funds to place into its endowment. Currently the Iraivan temple's monthly budgets are 50% funded by building fund donations and 50% by the Iraivan Temple Endowment Fund.
Often it is advantageous for a charity to create an endowment with HHE as it has the added benefit of greater exposure to potential donors.
Should you be interested now or in the future to create a fund for your organization we would be happy to set it up. The process is simple, and there are no fees to open a fund. 100% of all contributions go directly into the fund.
Here are the requirements:
Please reply if you are further interested in creating an endowment with HHE. For more information on the benefits of creating an endowment with HHE please see the Powerpoint presentation. This presentation is about creating an endowment for Hindu temples, but it applies to all Hindu charities.
To Be Contacted About Opening an Endowment With HHE:Please Sign Our Form Below
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Please allow 1-3 weeks to be contacted.