Financial SustainabilityIdeas for Today and Tomorrow

JLC_2010 1April 3rd, 2010

Prem JainLRP/JAINA

April 3rd, 2010

JAINA’s Vision

Preserve, Practice and Promote Jain Way of Life in North America

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JAINA’s Goals/Objectives To promote religious and educational activities

related to Jain religion and to promote study and understanding of Jain religion on a non-sectarian basis.

To assist existing Jain Associations and promote the formation of new non-sectarian Jain Associations throughout North America.

To provide and promote academic and cultural interchanges and cooperation among Jains in North America, India and other countries.

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JAINA’s Goals/Objectives To assist and to promote charitable community

service activities in North America, India and other countries.

To promote tenets of Jain religion. To assist in the establishment of Jain temples and

Ashrams. To establish liaison with governmental and other

agencies in pursuance of the above objectives.

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Today’s Situation (JAINA) JAINA is a non-profit religious umbrella organizations serving

more than 65 Jain organizations JAINA is providing service to more than 30,000 families

(+130,000 people) Current source of Income (1.75M+ every two years)

Membership dues, general donation, special project donation (like calendars, JAINA education books etc…), income from JAINA conventions, JAINA Patrons, YJA, YJP and advertisements

From 2005 to 2008 (4 years) JAINA’s income and expenses were about 4.4M/4.5M

JAINA on average spends during JAINA convention year 1.5M and YJA convention year about 750K ……on average JAINA committee’s income and expenses are about 300K/Year JAINA Committees are able to raise funds and spend the money on their own

priority projects…..

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Today’s Situation (JAINA) Indirect Expenses

What we sometimes call "administrative" or "overhead" costs, for example, costs to run the office, telephone bills, printing, mailing, etc… .

Today JAINA does not have sufficient funds for indirect expense…it collects 3% overhead from projects

Direct ExpensesDirect costs are those that fund resources which directly produce services to

clients, for example JAINA education books, Calendar, etc…Today’s biggest project JAINA has undertaken is “JAINA convention

every two years” (1M+) …..Total so far (7M+) since 1981 Usually, the lower your indirect expenses, the more it looks like your

resources are going directly to services…..best practice is not to exceed 3% indirect expenses

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Today’s Situation (All Jain Orgs) Temple/Bhawan & Siddhachalam (Jain Tirth) Projects (70M+) in last 15 years

Starting from 20M+ to…..1M dollar projects Large Jain Center’s income /expense per year : (300K- 1M)/ (200K….800K) Medium size Center’s budget from 50K-250K/Year Small centers budget …..5K to 50K/Year Other misc projects including money to India…….1M/Year

Jain Community in North America is supporting small/medium/big projects

Majority of this money is coming from individual donors Current Temple projects had major impact on local community

Daily puja, weekly/monthly/annual programs, pathsalal, interfaith/regional conference etc….

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Take Jain Community in NA to Next Level…Dream Big/Medium Size Projects

Jain Education Institution (high school/undergraduate/graduate/research)

Jain Theme Park (Yoga/Meditation/Art/3-D display)Jain Radio/TV/Serial/MoviesJain HospitalsBird/Animal Sanctuary/HospitalEducational audio/video/documentary/trainingNon-Violence centers (practice/promote concept of Non-

violence in all aspects of life including Corp America)Jain Yoga/Mediation centersAnd so on…so on….so on….

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How Do We Get There? Need one (agreed) vision Do a strategy planning and identify projects with feasibility study and

endorsements from Jain community Fund Raising works well with projects JAINA must allocate budget for strategic projects Separate JAINA charity structure and Make JAINA full religious

organization serving Jain community including existing organizations Need a professional executive office and a executive director with

authority and responsibility to be defined in the constitution Create JAINA Foundation and Foundation board and invite

philanthropist & fund raising professionals

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How Do We Get There? Funding Sources Annual Giving (Individuals)

direct mail telemarketing membership special events donor clubs capital campaigns

Planned Giving (Individuals) endowments bequests

Foundations private public

Corporations grants contracts in‑kind

Government local state federal

Bonds pooled issue pooled pension private offerings

Social Lenders community loan banks insurance co

Enterprise fee‑for‑services pilots unrelated joint ventures investments

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Executive Office….Serving Jain community Infrastructure: Office, Executive Director and Admin

Executive Director Fund raising with support of hundreds of volunteers Project management for 4 key strategic projects Develop marketing and implementation plans. Partnership with other faith based, animal rights, and related

organizations. Budget for 4 key strategic projects

First year: 150K Second year: 200K Third year: 250K

EO: Managed by LRP for first two years and go in production

FUNDRAISING STRATEGY: CORE DONORS 10K/YEAR FOR 3 YEARS (15,20,25)

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Next Steps: Develop Financial Self-Sufficiency

Manage your organization well Maintain a diversified funding plan Build additional corporate structures and

perpetual funding opportunities Operate with an entrepreneurial philosophy

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Recommendation

Recommend one or more of the strategies Summarize the results if things go as

proposed What to do next Identify action items

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