Ensure our legacy prospers at the Jodo Shinshu Center
In the four years since Rev. Marvin Harada originally proposed his challenge, donors have pledged over $250,000 to replenish the BCA Endowment Foundation for remaining debt on the construction of the Jodo Shinshu Center.
As Rev. Harada states, “The Jodo Shinshu Center is a wonderful facility that has reaped many benefits for our entire BCA. While it was expensive to build, no one questions its value or importance now. This is a challenge to ourselves—to ensure that the BCA Endowment Foundation will have adequate funds to keep advancing our Dharma mission.”
The Endowment Foundation is entrusted with the management of monies and property held in trust by donors to benefit the Buddhist Churches of America. The Foundation invests these assets to assist BCA in its mission to share the Buddhadharma. When remaining JSC construction debt threatened BCA finances, the Foundation drew on its Endowment in order to pay off the bank loans. This meant that the Endowment now had $4 million less to invest in its portfolio for BCA, and BCA was obligated to replenish this debt.
While payments have put enormous pressure on BCA’s budget and reserves, this is still a far better arrangement than repaying high-interest bank loans. Why? Because every dollar that goes back into the Endowment can be invested in BCA’s future. The more that the Endowment earns, the greater opportunities we will have to expand the reach of Shinran Shonin’s teachings. Your pledge allows our temples and the Endowment Foundation to move forward together as we create a thriving environment for Buddhism in America.
Support 1000 x $1000 x 4
Make your pledge today through Kindful in three easy steps:
1. Enter your first installment donation amount of $1,000.
2. Create a Recurring Transaction and select Recurring Yearly. You may also choose to contribute $250 each quarter, or on another schedule of your choice. To pledge the full amount today, one-time donations are also available.