top of page
Writer's pictureCharles Ozaki

A Letter From the BCA Endowment Foundation Board President

Dear BCA Sangha Members and Friends:


Dharma Forward

Dharma Forward is our vision to build the future of Buddhism in America. It helps to provide the means for the continuous source of support for our Sangha by strengthening the pillars of Education & Programs, Outreach & Technology, Ministerial Support & Scholarships, and Facilities & Operations on which the Buddhist Churches of America and the Institute of Buddhist Studies stand. As word of this vision has spread, many Sangha members have chosen to contribute. Dharma Forward is part of our generation’s opportunity to help assure the future of Jodo Shinshu Buddhism in America and the BCA Endowment Foundation is doing all it can to support this campaign.


2022 BCA Endowment Foundation Results

The Endowment Foundation manages the investments for the BCA, IBS and 26 affiliated organizations.


This past year, the Endowment Growth Fund showed a return of -19.2%, which compares to a return of 20.3% in 2020 and 10.3% in 2021. In retrospect, the past three years set the stage for the financial results that occurred in 2022. The year 2020 brought the COVID-19 financial crash and extraordinary recovery. The extensive government subsidy of society in 2021 may have helped to initiate the inflation that became a central focus of concern. The war in Ukraine and the Federal Reserve Bank dramatically raising interest rates in its response to battling inflation depressed the financial market in 2022.


Investments decreased by -$8,059,819 in 2022 compared to an increase of $3,948,969 in 2021 and $1,699,293 was disbursed to support programs. Total assets managed by the Endowment decreased from $47.8 million to $39.2 million.  Although we are experiencing ups and downs in the market, the average annual return over the past 10 years for the Growth Fund has been 6.4%. Investing in equities such as the Growth Fund should be part of a longer multi-year strategy that can accommodate a potential loss along with gains.


As of Dec. 31, 2022, the Dharma Forward campaign has collected $6.6 of the $15 million target which is 44% toward the goal. Please consider joining in assuring Jodo Shinshu teachings will always be available to us and others by contributing to Dharma Forward. If you need any assistance, please contact Michiko Inanaga, Director of Development at the BCA Endowment Foundation at minanaga@bcahq.org or 415-651-5164.


In Gassho,


Charles Ozaki

President

BCA Endowment Foundation


16 views

Recent Posts

See All

1 comentario


han gu
han gu
06 jun

统计学专业的难度很大:它要求学生拥有许多的数学、会计、金融等其它学科的专业知识,需要收集大量数据、进行分析、整理与汇总,而且要学会运用微积分和数学知识,更不用说英文的统计学词汇。这难倒了很多留学生,不过我们有个好的解决方案!我们LunwenHelp专业统计作业代写 https://www.lunwenhelp.com/statistics-daixie/ 公司可以帮您代写!

Me gusta
bottom of page