Gurudeva established the Hindu Heritage Endowment in 1994 to permanently endow Kauai's Hindu Monastery so that no matter what the world's economic condition, it will continue fulfilling its purpose. Knowing that many Hindus would like similar security for their institutions, he structured HHE so that anyone can establish an endowment fund within it to strengthen Hindu religious and cultural traditions throughout the world, with confidence that the funds will be responsibly overseen. Once contributions are put in an endowment fund, they cannot be removed or used for anything other than the fund's stated purpose. A portion of the investment income is added to the principal, to keep up with inflation, and the balance is used for the project. You or an institution you are part of can participate in HHE by donating to an established fund or by creating a new fund. Contributions are tax-deductible in the US. An HHE endowment can benefit a charity that is dedicated to traditional Hindu principles and practices in any country of the world. A wide variety of activities can be endowed. Examples are: temples, festivals and feedings, orphanages, children's retreat camps, youth education, ashrams and mathas, religious publications, pilgrimage sites, priest training centers, support for pundits, shelters for sadhus, elderly homes, scriptural or philosophical research centers, support of ayurveda and jyotisha or a swami's movement or projects, and institutes for music, art, drama, dance and yoga. Grants are regularly distributed to the beneficiaries to use in furthering their plans and goals. There are over 60 individual funds within HHE, which together exceed $8 million. These funds are professionally overseen by Halbert, Hargrove/Russell LLC of Long Beach, California, respected for their utilization of multi-manager institutional mutual funds engaging over 100 investment managers. Gifts to an HHE fund can be made in several ways, including outright gifts of cash, securities or real estate, a bequest through a will or living trust, life insurance or a gift through a life income plan, such as a charitable remainder trust, gift annuity or pooled income fund. More about Hindu Heritage Endowment...
