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The Hindu Heritage Endowment

Progress Report (July-August-September 2004)

Karnataka Temple Development Fund

Dr. and Mrs. Hiranya and Sarawathi Gowda recently created an endowment (#55) to help build one small Hindu temple for every five villages in their home state of Karnataka. Dr.Gowda, president of the Sri Ganesha of Nashville, Tennessee , was motivated to provide a place of worship for villagers who have nowhere else to go . He traveled to India early in 2004 and hired a sthapati (architect) to design a model temple. His fund allows someone living in the USA to donate funds through HHE to build a small temple in a village in Karnataka, taking advantage of an existing architectural plan. The Gowdas utilized income-tax savings to create the endowment for their temple-building project , as donations given in the USA to charities in India through HHE are tax deductible . They further leveraged their giving by donating appreciated stock, and thus were able to give significantly more through HHE than they could by sending money directly to India. Specifically, Dr.Gowda donated stocks to HHE to establish the endowment, thus saving the capital gains tax he would have incurred had he sold the stock and donated cash. He and other interested parties can give donations to the fund , of which up to 70% may be sent to India to build temples. The remaining 30% , the average tax savings , is added to the principal of the endowment . Each year a percentage of the endowment (currently about 4%) is given as a grant to help maintain and operate temples that have been built . A principal of $50,000 in the endowment , for example , would generate a grant of $2,000 or Rs 90,539 annually. There is no charge to open a fund with HHE, and the minimum fund size is just $5,000. The annual fee, both for professional investment management teams and administration overhead, is approximately two percent of the principal , and all wire transfer and bank fees for sending to India are paid by HHE.

Sri Ganesha Hindu Temple of Utah Fund

Aditya Vinadhara was instrumental in the creation and development of a temple for Lord Ganesha at the foot of the Rocky Mountains in Utah. After the installation of the Deity in the newly built temple on May 4, 2003, Aditya explained that plans for the temples included building a community center, elderly housing and day – care facilities and creating an endowment for the future. In less than a year, the plans for the endowment manifested with creation of a multi-donor fund (#56), the Sri Ganesha Hindu Temple of Utah Endowment Fund.Aditya was impressed with the success of the Iraivan Temple Endowment (#2), which currently supports the temple’s maintenance budgets on $144,000 per year in grants. He felt that the security of such an endowment within HHE for the Utah temple was important to avoid the pitfalls of a “quasi-endowment,” the practice of placing general donations into an investment account, which, though it may be thought of as an endowment, is not truly protected and could later be spent by a different board of trustees. The principal of each of the fifty-six HHE endowments, however, is protected and cannot be spent. For the Utah temple, the grant income is restricted to maintaining the gardens and grounds of the current 5.3 acres, plus any future connected temple lands, maintenance and repair of the temple, care of plants and ponds, paths fencing, gardeners, puja supplies, gifts of prasadam an festivals. Visit the Utah Ganesha Temple.




January to March Endowment Contributions

Kauai Aadheenam Monastic Endowment
Anonymous 259.00
Subhash Kumar Choudhary 50.00
Rajendra Giri 30.00
Arul Karttikeya 292.00
Nathan Mudrick 11.00
Other Donations 6,879.00
Himalayan Academy 3,000.00
Total 10,521.90
Iraivan Temple Endowment
Anonymous 26.00
Manish & Soniya Bhaskar 100.00
Ishani Chowdhury 50.00
Sri Ganesan 52.29
Nathan Mudrick 11.00
Alaka R.Patel 588.01
Sadayappan Rahavendran 51.00
Sivadas Sivarajah 20.00
Rakesh Sood 150.00
Unmesh Wankhede 120.00
Other Donations 28,941.70
Total 30,110.00
Kauai Aadheenam Annual Archana Fund
Hemakheshaa Naatha Batumallah 6.00
Gunavadee Caremben 1.90
Somasundaram Caremben 1.90
Sukanta Caremben 1.90
R.Ganesh 60.00
Rajendra Giri 101.00
Tarakini Gunasegaran 2.00
Tirunyanam Gunasegaran 4.50
Isanah Kameni 52.63
Amouda Koothan 0.78
Egilen Koothan 62.35
Saravan Koothan 2.73
Souda Koothan 4.68
Usharani Kuppusamy 26.15
Saroja Devi Manickam 9.05
Bhaveshan Moorghen 5.85
Shanda Kumaran Moorghen 5.85
Udeyadeva Moorghen 5.85
Shivakumaran Muniandy 13.00
Suhashini Muniandy 1.20
Adi Sankara Perumal 35.05
Anjeeni Devi Perumal 88.41
Kirtideva Peruman 5.85
Niroshnee Peruman 17.55
Akileiswaran Samuthiran 16.94
Jayasutha Samuthiran 23.71
Hitesvara Saravan 250.00
Sathialingeswari 78.43
Patudeva Sivaceyon 5.22
Hemavalli Sivalingam 1.94
Kantha Ruben Sivalingam 1.94
Rohini Sivalingam 1.94
Javanya Skanda 3.00
Siven Veerasamy 51.00
Total 950.30
Hinduism Today Distribution Fund
Anonymous 243.50
Sri Aurobindo Centre 800.00
Priya Alahan 112.50
Vinaya Alahan 355.00
Cecelia Autar 252.00
Anil Ananda Badhwar 95.10
Surinder M.Bhardwaj 150.00
Rohit & Bisram Deocharan 99.00
Banu Devi Deva 517.00
Chellappa Deva 214.20
Ravindra Doorgiat 155.85
Rajul & Heidi Gandhi 111.99
Rajendra Giri 10.00
T.Iswarah Kumar 35.50
Rushikesh H.Mehta 99.00
Easvan Param 224.99
Gassa Patten 107.64
Adi Sankara Perumal 99.98
Gunalan Ponniah 391.42
Hari Raniga 800.00
Brinda Rao 800.00
Charles & Jan Roberts 121.00
Vatsala Sastry 252.00
Linda Seeley 75.00
Jiva Shanmuga 102.00
Palaka Shivam 200.00
Devaladevi Sivaceyon 5.22
Nutanaya Sivaceyon 5.22
Dasa Sivam 214.00
Potriyan Sivanthan 5.22
Ananda Sivanesan 91.52
Girish Skanda 10.96
Subasene Skanda 10.00
Robert Sorrells 216.00
Ravi Srivastava 800.00
Ayyaswamy Thambuswamy 800.00
Shivani Vinayaga 365.47
Total 8,948.28
Hindu Businessmen's Association Trust
Paramaseeven Canagasaby 39.58
Vel Mahalingum 21.45
Manogaran Mardemootoo 77.04
Vishwanaden Moorooven 23.40
Janaka Param 11.00
Bharath Ramaswamy 3.19
Total 175.66
Kailasa Peedam Gift Fund
Amonymous 5.00
Total 5.00
Hindu of the Year Fund
Anonymous 5.00
Nathan Mudrick 11.00
Total 16.00
Boys School for Iraivan Priesthood
Anonymous 5.00
Jiten Bardwaj 100.10
Subhash Kumar Choudhary 50.00
Rajendra Giri 10.00
Nathan Mudrick 11.00
Bharath Ramaswamy 3.18
Bala Sivaceyon 19.34
Total 198.62
Kauai Aadheenam Matavasi Medical Fund
Anonymous 5.00
Rajendra Giri 10.00
Gunasekaran Kandasamy 104.57
Gowri Nadason 90.09
Vayudeva Varadan 72.00
Total 281.66
Iyarappan Temple Trust
Anonymous 5.00
Bharath Ramaswamy 3.19
Total 8.19
Tirunavukkarasu Nayanar Gurukulam
Anonymous 5.00
Jiten Bardwaj 100.10
Nathan Mudrick 11.00
Aran Sendan 51.00
Total 167.10
Kauai Aadheenam Renovation Endowment
Anonymous 5.00
Nathan Mudrick 11.00
Total 16.00
Sri Subramuniya Ashram Scholarship Fund
Anonymous 5.00
Total 5.00
Sri Subramuniya Ashram Kottam Fund
Anonymous 5.00
Anonymous 50.00
Shanta Devi Periasamy 310.20
Andrew Schoenbaum 10.00
Total 375.20
Malaysian Hindu Youth Education Trust
Anonymous 5.00
Nathan Mudrick 11.00
Total 16.00
Kumbhalavalai Ganesha Temple Endowment
Anonymous 5.00
Hotranatha Ajaya 450.00
Anonymous 50.00
Nathan Mudrick 11.00
Manoharan Navaratnarajah 75.00
Total 591.00
Sri Siva Subramaniya Swami Devasthanam Trust
Anonymous 5.00
Jiten Bardwaj 100.10
Bharath Ramaswamy 3.19
Total 108.29
Dancing with Siva Endowment
Anonymous 5.00
Bharath Ramaswamy 3.18
Total 8.18
Hinduism Today Production Fund
Anonymous 5.00
Sandep Kakaria 50.00
Nathan Mudrick 11.00
Other Donations 5,435.56
Total 5,501.56
Vishwamata Gayatri Trust Fund
Anonymous 5.00
Nathan Mudrick 11.00
Bharath Ramaswamy 3.18
Total 19.18
Hindu Orphanage Endowment Fund
Anonymous 5.00
Ajit S.Adhopia 169.22
Subhash Kumar Choudhary 50.00
Lila Shakti Devi 75.00
Rajendra Giri 30.00
Gunasekaran Kandasamy 104.58
Murali Krishnaswamy 200.00
Christian Langers 150.00
Nathan Mudrick 11.00
Natraj Narayanaswami 75.00
Bharath Ramaswamy 3.18
Alex Ruberto 45.00
Aran Sendan 51.00
Rodney & Ilene Standen 30.00
Usha Varma 50.00
Matthew Wieczork 190.00
Total 1,238.98
Suntheram Family Trust Fund
Ramachandran Suntheram 1,500.00
Total 1,500.00
Hindu Press International Endowment Fund
Anonymous 5.00
Hotranatha Ajaya 450.00
Rajendra Giri 10.00
Bharath Ramaswamy 3.19
Total 468.19
Loving Ganesha Distribution Fund
Anonymous 5.00
Rajendra Giri 10.00
Christian Langers 150.00
Manoharan Navaratnarajah 75.00
Gassa Patten 811.00
Total 1,051.00
Swami Agnivesh Endowment Fund
Hotranatha Ajaya 450.00
Rajendra Giri 10.00
Jutikadevi Sivaraja 108.00
Total 568.00
Saiva Agamas Trust
Anonymous 5.00
Matthew Wieczork 50.00
Total 55.00
Spiritual Park of Mauritius Endowment
Anonymous 5.00
Nathan Mudrick 11.00
Bharath Ramaswamy 3.19
Total 19.19
Tirumular Sannidhi Preservation Fund
Anonymous 5.00
Nathan Mudrick 11.00
Bharath Ramaswamy 3.19
Total 19.19
Mauritius Saiva Dharmasala Endowment
Anynomous 5.00
Jiten Bardwaj 100.10
Total 105.10
Alaveddy Pasupatheesswarar Temple Fund
Anynomous 5.00
Hotranatha Ajaya 450.00
Anonymous 50.00
Jiten Bardwaj 100.10
Total 605.10
HHE Administrtive Fund
Anonymous 5.00
Total 5.00
Kauai Aadheenam Religious Art and Artifacts Fund
Anonymous 5.00
Rajadeva Alahan 153.00
G.S.Tiwari 1,000.00
Total 1,158.00
Thank You Gurudeva Fund
Anonymous 44.60
Somnath Bannerjee 51.00
Jiten Bardwaj 100.10
Maria Cristina Berisso 108.00
Stephanie Devi Corgatelli 64.87
Amarnath Devarmanai 324.00
Bob Freedman 25.00
Rajendra Giri 10.00
Nathan Mudrick 11.00
Manoharan Navaratnarajah 150.00
Shanta Devi Periasamy 230.00
Alex Ruberto 45.00
Sivadass Sivarajah 150.00
Jeremiah Umakanthan 25.00
Vayudeva Varadan 72.00
Venkatarao Vemula 51.00
Total 1,461.57
Mathavasi Travel Fund
Anonymous 5.00
Jiten Bardwaj 100.10
Rajendra Giri 10.00
Total 115.10
Udayan Care Endowment Fund
Rajendra Giri 10.00
Christian Langers 150.00
Bharath Ramaswamy 3.19
Total 163.19
Saivite Hindu Scriptural Fund for the Visually Impaired
Anonymous 5.00
Rajendra Giri 10.00
Aaron Mathias 25.00
Nathan Mudrick 11.00
Bharath Ramasamy 3.19
Total 54.19
Sri Chandra Madhab Debnath Endowment
Anonymous 5.00
Nathan Mudrick 11.00
Total 16.00
Puri Monasteries Fund
Anonymous 5.00
Nathan Mudrick 11.00
Bharath Ramaswamy 3.19
Total 19.19
Manitha Neyam Trust Fund
Anonymous 5.00
Nathan Mudrick 11.00
Bala Sivaceyon 20.92
Total 36.92
Mahajana College Fund
Anynomous 5.00
Total 5.00
Kerala Temple Trust
Anonymous 5.00
Hotranatha Ajaya 450.00
Jiten Bardwaj 100.10
Nathan Mudrick 11.00
Kishore G. & Subha Pathial 501.00
Ganesan & Rajalaskmi Ramalingam 25.00
Jutikadevi Sivaraja 108.00
Total 1,200.10
Taos Hanuman Fund
Anonymous 16.00
Kapaleeshwara Temple Orphanage
Anonymous 5.00
Jiten Bardwaj 100.10
Vasudevan Jayanthi 100.10
Nathan Mudrick 11.00
Jayanthi Vasudevan Naiker 200.00
Ganesan & Rajalaskmi Ramalingam 75.00
Bharath Ramaswamy 3.19
Sivadas Sivarajah 10.00
Total 504.29
Manjung Hindu Sabha Orphanage Fund
Anonymous 5.00
Rajendra Giri 10.00
Nathan Mudrick 11.00
Total 26.00
Pazhassi Balamandiram Orphanage Fund
Anonymous 16.00
Jiten Bardwaj 100.10
Rajendra Giri 10.00
Nathan Mudrick 11.00
Nicholaus C.Persaud 123.48
Ganesan & Rajalaskmi Ramalingam 50.00
Bharath Ramaswamy 3.19
Total 313.77
Karnataka Temple Development Fund
Hiranya & Sarawathi Gowda 8,225.00
Total
Sri Ganesha Hindu Temple of Utah Endowment Fund
Thomas F.Fellowes 100.00
Jutikadevi Sivaraja 108.00
Aditya Vinadhara 108.00
Total 316.00
Ayurvedic Formation Fund
Bharath Ramaswamy 3.19
Total 3.19
Pooled Income Fund Trust(PIF)
Gowri Nadason 30.00
Satya Palani 75.00
Total 105.00
Total Contributions 76,959.33
Funds at market Value, Mar 31, 2004
Total Endowment Funds 5,368,740.65
Total Pooled Income Funds 203,543.16
Grand Total 5,572,283.81

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.

PROFESSIONAL ADVISORS:
Halbert, Hargrove/Russell, Investment Counsel; Alvin G. Buchignani, Esq., Legal Counsel; and Hirose, Kato and Co., CPA.
HHE is a member of the Council on Foundations, an association of 1,931 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 the HINDUISM TODAY magazine to join our family of benefactors who are Strengthening Hinduism Worldwide. Thank you.

Hindu Heritage Endowment
107 Kaholalele Road
Kapaa, Hawaii 96746-9304 USA
Phone : (808) 822-3012 ext.224
Fax: (808) 822-4351
E-mail : hhe@hindu.org