“Life begins with love, is maintained with love and ends with love.” ~Tsoknyi Rinpoche
The dramatic changes in our global situation have brought to mind the poignant truth of impermanence. With his own impermanence in mind, Tsoknyi Rinpoche has been reflecting upon the need to ensure the long-term sustainability of his nunneries.
To this end, Tsoknyi Rinpoche challenged the Tsoknyi Humanitarian Foundation (THF) with the goal of increasing the Tsoknyi Nuns Endowment Fund to $10 million by the end of 2026.
The Endowment Initiative is a comprehensive 5 year fundraising plan focused on growing the fund to $10 million to sustain the education, health, and spiritual well-being of the Tsoknyi Nuns for generations to come.
We are asking our supporters to draw upon their generosity to support our ambitious goals to grow the endowment fund, improve the quality of the nuns’ lives and education, and ensure both the short-term needs and long-term sustainability of the nuns, the schools, and the nunneries.
We are almost halfway there with $4.81 million in the Fund!
We are pleased to announce a $100,000 match from the Pundarika Foundation US. No matter the cause you choose to support, any gift donated to THF between now and Losar, March 3, Pundarika will match dollar-for-dollar toward the Endowment Fund up $100,000.
Why $10 Million ?
After 10 successful years of fundraising $6.6 million to build and expand the nunneries in Nepal, THF has remained strong in our dedication to opening the doors of opportunity for the Tsoknyi Nuns. Today, we are shifting our focus from building to sustaining. Now is the time to secure the nuns’ future by accepting Tsoknyi Rinpoche’s challenge.
We believe the best way to ensure the education, health, and spiritual well-being of the Tsoknyi Nuns is to build a self-sustaining $10 million Endowment Fund that will provide the financial resources to supply the food, cooking fuel, clothing, educational needs, and medical needs for the nuns on their path to enlightenment.
With prudent oversight and our generous supporters, starting in 2027, the $10 million Endowment Fund will provide $500,000 annually to cover all operating expenses of the gompas without sacrificing the future growth and income potential of the Fund. Once the $10 million goal is realized, the Endowment Fund will continue to grow with limited future fundraising needs while providing long-term security and a lasting impact on the Tsoknyi Nuns. In addition, the anticipated $500,000 generated by the endowment fund in 2027 makes allowance for the annual Nepalese inflation rate.
Thank you for supporting the Tsoknyi Nuns now and beyond this lifetime with a gift to the Tsoknyi Nuns Fund.
An endowment fund is an investment fund established by a nonprofit organization to provide annual operating support by making consistent withdrawals from invested capital. Endowment funds are typically funded entirely by donations that are deductible for the donors.
A typical endowment distributes 4.5%-5% per year to its beneficiaries while keeping the principal intact.
In 2004, Tsoknyi Rinpoche began dedicating his life to benefit female monastics in the Tibetan Buddhist Tradition by creating an endowment fund. The endowment fund was started with the intention to benefit the Nangchen Nuns in Tibet.
In 2018, endowment fundraising for all Tsoknyi Nuns in Tibet, Nepal, and elsewhere became the overarching goal. The Nangchen Nuns Endowment was transferred from the Pundarika Foundation US to the Tsoknyi Humanitarian Foundation (THF) in order for all fundraising for the Tsoknyi Nuns to be in one organization.
We anticipate that by 2027 a $10 million Endowment Fund's yearly income will provide $500,000 toward the annual operational expenses of the nunneries. In addition, the anticipated $500,000 generated by the endowment fund starting in 2027 makes allowance for the annual Nepalese inflation rate.
It is located in the United States with two different investment firms.
A THF Financial Advisory Committee has been established to monitor and work with our financial advisors.