About Opening Endowment Funds

What you need to know to open a new endowment

Hindu Heritage Endowment (HHE) is a collection of 84 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.

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 I 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:

  • 1. Donor name, address, phone and email contact information.
  • 2. Proposed name of endowment.
  • 3. Initial amount of contribution (Minimum is US$10,000)
  • 4. Single or multi-donor fund? (A single donor fund is restricted to one or more individuals or families. A multi-donor fund can receive contributions from anyone.)
  • 5. Name, address, phone and email of Hindu charity. (The charity must be Hindu based.)
  • 6. Restrictions of grant usage, if any.
  • 7. Secondary or alternate beneficiary charity. A secondary beneficiary would receive a portion of the grants. An alternate would replace the beneficiary should the charity cease to exist or function in another capacity.

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.

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