March - April 2001 Progress Report
India Endowment Activity
We are pleased to announce that a new endowment in India has been opened: Swami Agnivesh Endowment Fund. This is for providing support to the outstanding social service programs overseen by Swami Agnivesh of New Delhi. It is fund #29 and for those interested in supporting SwamiÕs social service programs in India it is a convenient way to do so. A detailed article on Swami Agnivesh appears on page 44 and 45 of this issue of Hinduism Today.
Five grants to Hindu institutions in India were made in November, 2000. Kapaleeshwara Orphanage received its first grant for Rs. 9,370. This fund was established in May of 1999 by Dr. Jayanthi Mukundan of Liverpool, England, who continues to generously support the endowment along with a number of other donors. Also receiving their first grants, both for Rs. 3,740, are the Vishwamata Gayatri Trust, New Delhi, of Swami Pragyanand, for general support and the Tirumular Sannidhi in Tiruvavaduthurai, for shrine upkeep. Other grants issued are Rs. 12,470 to Abirami Amman Temple, Tirukadaiyur, which provides a monthly archana on each full moon day, and Rs, 12,920 to Iyarappan Temple, Thiruvaiyaru, which sponsors a monthly puja and feeding on ardra nakshatra at this Siva temple (photo to left).
5 Advantages Part II
Do you know the five reasons why Hindu Heritage endowment is your best choice for giving to support Hinduism worldwide? This is the name of a recent HHE pamphlet you can read in full on our website. In the last issue the first three advantages were listed. Here are the final two.
4. True Versus Quasi Endowment
Create a true endowment with general contributions.
Many Hindu institutions set aside a portion of current income in an ÒendowmentÓ to provide future support. However, as the donor did not direct the donation to the endowment, it is a quasi or board designated endowment and can be spent by current or future governing boards. This type of endowment clearly does not provide financial security for the future. An alternative is for the institution to use a portion of current income to create a true endowment at HHE. These funds are invested in perpetuity and cannot be spent and therefore provide great security for the institutionÕs future. Many temples and institutions would beneift from moving their endowment funds to HHE for permanent security.
5. Greater Financial Stability
Investments in US financial markets.
For Hindu institutions outside the US and individuals in foreign countries wishing to establish an endowment for a local institution, HHE provides an alternative to investing in their national currency and national financial markets. HHEÕs investments are in US dollars and in the US financial markets, thus providing protection against currency devaluation and the greater fluctuations of foreign financial markets. Endowments in countries like Malaysia or India have devalueated significantly in recent years, and moneys transfered to HHE would enjoy protection against such erosion of principal.
| Recent Endowment Contributions | |
| Kauai Aadheenam Monastic Endowment | |
| Vinaya Alahan | $500.00 |
| Kanda Chelvarajah | 86.54 |
| Total | 586.54 |
| Iraivan Temple Endowment | |
| Jane Claassen | 250.00 |
| James H. Daugherty | 1,000.00 |
| Elayne M. Neal | 25.00 |
| Rajalakshmi Ramalingam | 50.00 |
| S. Sivaraman | 31.88 |
| Rodney & Ilene Standen | 10.00 |
| Latha Suresh | 30.00 |
| Other Donations | 38,658.75 |
| Total | 40,055.63 |
| Kauai Aadheenam Annual Archana Fund | |
| Aravindraj Chandrasekaran | 220.00 |
| Kailash Sivam Dhaksinamurthi | 250.00 |
| Other Donations | 44.49 |
| Total | 514.49 |
| Hinduism Today Distribution Fund | |
| Rita Balachander | 100.00 |
| Rathi Devi Batumallah | 64.00 |
| Veerasamy Batumallah | 50.00 |
| Aravindraj Chandrasekaran | 154.00 |
| Jane Claassen | 500.00 |
| Balu Devado | 160.00 |
| Chitravelloo Gunasegaran | 223.77 |
| Mohana Sundari Gunasegaran | 21.58 |
| Suguneswary Gunasegaran | 27.56 |
| Tarakini Gunasegaran | 4.87 |
| Tirunyanam Gunasegaran | 6.37 |
| Starr Barrie-Hull | 172 |
| Sanah Kameni | 31.58 |
| Diksha Katir | 413.62 |
| Ushadevi Katir | 622.60 |
| Thavamalar Lingam | 78.65 |
| Alistair McElwee | 200.00 |
| Santha Devi Muniandy | 51.51 |
| Logadasan Murugesu | 64.00 |
| Nalakini Niranjana | 209.43 |
| Govindamal Oyappan | 50.00 |
| Kulamani (Roselia) Simon | 80.00 |
| Lavanadevi Sivam | 210.00 |
| Sivaneswaran Sockanathan | 31.00 |
| Robert Sorrells | 108.00 |
| Ganesammal Supiah | 70.50 |
| Vivam V. Thillaikanthan | 50.00 |
| Saroja Vasudevan | 10.00 |
| Total | 3,765.04 |
| Hindu Businessmen Association | |
| Vel Alahan | 600.00 |
| Paramaseeven Canagasaby | 13.46 |
| Manogaran Mardemootoo | 139.92 |
| Easvan Param | 254.36 |
| Janaka Param | 18.00 |
| Other Contributions | 12.50 |
| Total | 1,038.24 |
| Hindu of the Year Fund | |
| Thamby Kumaran | 54.00 |
| Boys School for Iraivan Priesthood | |
| Indra Dhaksinamurthi | 15.00 |
| Christian Langers | 100.00 |
| Michael Pettingill | 390.00 |
| Bala Sivaceyon | 52.22 |
| Total | 557.22 |
| Mathavasi Medical Fund | |
| Gowri Nadason | 90.00 |
| Matthew Wieczork | 40.00 |
| Total | 163.00 |
| Tirunavakkarasu Nayanar Gurukulam | |
| Aran Sendan | 51.00 |
| Subramuniya Ashram | |
| Hitesvara Saravan | 108.00 |
| Sri Subramuniya Kottam | |
| Indra Dhaksinamurthi | 15.00 |
| Andrew Schoenbaum | 20.08 |
| Total | 25.08 |
| Kumbhalavalai Ganesha Temple Fund | |
| Indra Dhaksinamurthi | 30.00 |
| Manoharan Navaratnarajah | 50.00 |
| Total | 80.00 |
| Hinduism Today Endowment Fund | |
| Christian Langers | 50.00 |
| Alistair McElwee | 200.00 |
| Total | 250.00 |
| Vishmata Gayatri Trust Fund | |
| Starr Barrie-Hull | 73.00 |
| Hindu Orphanage Endowment | |
| Ajit S Adhopia | 82.16 |
| Jane Claassen | 250.00 |
| James H. Daugherty | 500.00 |
| Starr Barrie-Hull | 20.00 |
| Christian Langers | 100.00 |
| Mani Nallasivan | 800.00 |
| Elayne M. Neal | 25.00 |
| S. Ramadurai | 10.00 |
| Rajalakshmi Ramalingam | 50.00 |
| Alex Ruberto | 30.00 |
| Amba Sundari Siddhi | 20.00 |
| S. Sivaraman | 63.75 |
| Matthew Wieczork | 107.00 |
| Total | 2,057.91 |
| Sundari Peruman Memorial Fund | |
| Markandeya Peruman | 100.00 |
| Loving Ganesha Distribution Fund | |
| Manoharan Navaratnarajah | 50.00 |
| Matthew Wieczork | 30.00 |
| Total | 80.00 |
| Saiva Agamas Trust Fund | |
| Matthew Wieczork | 84.00 |
| Total | 84.00 |
| Nepal Kumari Goddess Education Fund | |
| Richard Stocker | 21.00 |
| Thank You Gurudeva Fund | |
| Florence Adams | 50.00 |
| Hotranatha Ajaya | 7,000.00 |
| Maria Cristina Berisso | 100.00 |
| Stephanie Corgatelli | 100.00 |
| James H. Daugherty | 1,000.00 |
| Paul Yogananda DeSantis | 108.00 |
| Hurditya Deva | 21.00 |
| Amarnath Devarmanai | 216.00 |
| Toshadeva Guhan | 20.16 |
| Spencer Inman | 33.00 |
| Emmaline B. Jordan | 102.00 |
| Christian Langers | 150.00 |
| Don Loshonkohl | 300.00 |
| Manoharan Navaratnarajah | 100.00 |
| Janaka Param | 401.00 |
| Shanta Devi Periasamy | 230.00 |
| Anonymous | 50.00 |
| Jutikadevi Raja | 1,008.00 |
| Dwight W. Redfield | 500.00 |
| Alex Ruberto | 25.00 |
| Aran Sambandar | 30.00 |
| Thavagnanam Sivagnanam | 500.00 |
| Palaka Shivam | 2,500.00 |
| Niraj Thaker | 11.00 |
| Marianne Hvidsten Thompson | 500.00 |
| Steven Trager | 15.00 |
| Vayudeva Varadan | 42.00 |
| Other Contributions | 5.00 |
| Total | 15,117.16 |
| Manitha Neyam Trust Fund | |
| Thamby Kumaran | 108.00 |
| Bala Sivaceyon | 15.66 |
| Total | 123.66 |
| Taos Hanuman Fund | |
| Charlette A Smith | 50.00 |
| Kapaleeshwara Temple Orphanage Fund | |
| Vasudevan Jayanthi | 200.00 |
| Jyothi Karuppiah | 10.00 |
| Vellore B. Padmavathy | 150.00 |
| Total | 360.00 |
| Nadesan Family Fund | |
| Sadhunathan Nadesan | 1,008.00 |
| Thirunavukkarasu Nayanar Gurukulam | |
| Aran Sendan | 51.00 |
| Lakshmi Sivasurier | 65.73 |
| Total | 116.73 |
| PIF Trust | |
| Saravanan Vadivelu Kalimuthu | 20.00 |
| Gowri Nadason | 30.00 |
| Satya Palani | 75.00 |
| Barathy Sockanathan | 31.53 |
| Jnanideva Shanmuga | 10.00 |
| Total | 166.53 |
| Total Contributions | $66,500.70 |
| Funds at Market Value December 31, 2000 | |
| Total Endowment Funds | $3,242,108.50 |
| Total Pooled Income Funds | $189.082.41 |
| Grand Total | $3,431,190.91 |
MISSION STATEMENT : Hindu Heritage Endowment is a publicly supported, charitable organization recognized as tax exempt by the IRS on April 22, 1994. Employer ID 99-0308924. Founded by Satguru Sivaya subramuniyaswami, its philanthropic mission is to provide secure, professionally managed financial support for institutions and religious leaders of all lineages of Sanatana Dharma.
Investment managers and consultants : Franklin Templeton Private Client Group; First Hawaiian Bank, Trust & Investment Division; Pacific Century Trust (Bank of Hawaii); Alvin G. Buchignani, Esq., attorney; and Hirose, Kato & Martin, CPA. HHE is a member of the Council on Foundations, an association of 1,500 foundations which interprets relevant law and management and investment principles.
I want to participate. Where should I Send My Donation ? You can send your gift to an existing fund, create a new endowment or request information through the address below. Donations may be made online at www.hheonline.org or use the HHE tear-out card in this magazine to join our family of benefactors who are Strengthening Hinduism Worldwide. Thank you.
