Provisional 2012 International Budget
Here is the way we plan to use the funds raised on Shambhala Day. It is set out in a way that we hope helps everyone see even more clearly than before what we will be investing in! Items introduced for the first time in 2011 and proposed for this coming year are marked NEW with the year.
1. Supporting the Sakyong and Sakyong Wangmo – $111,000
• Direct support to them throughout the year for their leadership, writing and teaching.
2. Sakyong and Sakyong Wangmo staff and court support – $375,294
• Sakyong and Court Staff Salaries: Secretary, Editor, Editorial and Media Assistant, Travel Coordinator, Kusung, Attendants, Machen.
• Cost for travel, communications and related expenses for the Sakyong and Sakyong Wangmo and the court staff who travel with them.
3. Support for Lamas – $22,200
• Lady Konchok & Lama Pegyal
4. Kalapa Council and Executive Director – $113,730
• President, Chagdzö – reimbursement of volunteer expenses
• NEW 2011: Full time Executive Director
• NEW 2011: Part time administrative assistant for Executive Director
• Governance Meetings
5. Acharyas and Shamhala Office of Practice & Education – $205,730
• NEW 2011: Full time salary and travel for the Kalapa Acharya
• Acharya meetings
• Full time salary for the Director of Practice and Education
• Two full time practice and education staff salaries
• NEW 2012: administrative support for acharyas with specialized portfolios
in Practice and Education
6. Dorje Kasung – $91,160
• Part time salary for the Kasung Kyi Khyap,
• NEW 2012:Full time salary for the Executive Officer
• Miscellaneous administrative expenses.
• Kasung Land loan at Dorje Denma Ling
7. Centre and Group Support, Communications, Publicity and Information Technology – $394,500
• NEW 2011: Full time salary for the Director of Centre and Group Support
• Salaries for the equivalent of 6 full time staff to develop and maintain our database, websites, Shambhala Times, and the Shambhala network, and to support our global international communications and online services
• Computers, servers and networks for Shambhala’s communications worldwide
• NEW 2012: International support for Multilingualism and Multiculturalism
• NEW 2012: International support for Young Sangha Development
8. Centre of the Mandala Properties – $242,300
• Halifax Court – Taxes, Insurance, Utilities, Maintenance and Mortgage payments
• Kalapa Valley
9. Finance and Development – $254,810
• Salaries for 3 full time and 3 half time staff, and fundraising expenses
10. Administrative costs – $230,445
• Legal, Insurance, Building Costs, Bank & Credit Card Processing Charges
What the International Budget means
Our provisional international budget for 2012 amounts to approximately 10% of our mandala’s total annual turnover (involving all centres, groups and major practice centres) of $19.1 million.
Half of our annual revenue comes in the form of regular monthly income. This includes monthly donations, revenue transfers from our land and city centres and Shambhala Europe, and revenue from international programs such as Warrior Assembly, Enlightened Society Assembly, Sacred World Assembly, and so on.
The other half comes from one-time donations from all our members around the world.
In order to accommodate the increase in services mentioned in President Reoch’s recent letters and video, we hope to raise a total of $1,080,000 – a little over $300,000 more in one-time donations this year than we did last.
Nearly 60% of the annual expenses go towards personnel costs for the core staff that provides services to our world-wide mandala.
This includes the support staff for the Sakyong and Sakyong Wangmo, both the core staff that travels with them, allowing the Sakyong to teach as much as he does, and the individuals who work diligently to make these written and spoken teachings more accessible to the world.
The personnel expenditure also includes Shambhala’s core staff: travel expenses for our volunteer President and Chagdzö Kyi Khyap; salaries for the Executive Director and her support staff; salaries for the Dorje Kasung Kasung Kyi Khyap and Executive Officer; salaries for the Practice & Education team, the Finance team, Centre Support, and all our communications and information technology services.
We also have basic administrative costs, similar to other non-profit organizations, such as legal fees, insurance and so on, and travel and meetings for our governance leaders, who work on our behalf.
Since the Halifax Court and Kalapa Valley are Shambhala institutions, we budget for their maintenance and upkeep so that they can be available for generations to come.
Any questions about our budget can be directed to the Chagdzö Kyi Khyap, Ms Connie Brock .
If you are seeking further information
We earlier sent our latest update on the mandala to every member in Shambhala. It included this update on our financial planning, which sets out our goals and the way we are approaching the strengthening of our resources:
At the beginning of this year, on Shambhala Day we said we wanted to increase the percentage of the total resources of the mandala that goes to support the Sakyong, Sakyong Wangmo and the central services we provide to centres, groups and members. We have done this with tremendous support from hundreds of you, all over the mandala. We exceeded our expectations on Shambhala and then requested a second round of funding (as announced) in the second half of the year. We came close to meeting our overall, ambitious target – but will be relying on internal loans from within the mandala to get us through to Shambhala Day 2012 in the hope that we can sustain our increased services.
In previous updates we explained that to keep pace with the Sakyong’s vision, we would be taking full advantage of the extended credit lines provided to us by our bank. Our bank, having reviewed our financial situation, has agreed to increase our lending facility from $200,000 to $480,000. As we reported earlier, this amounts to 2.74% of the total annual turnover of the mandala of between $17.5 and $18 million dollars. This increased borrowing is necessary in order to be able to invest in these new services to our centres, groups and members — which means investing in people — and building the new communication and publicity tools that will help us carry Shambhala Vision far more widely than has ever been possible.
We have conducted more than 50 interviews with some of the best financial minds in the mandala to help us start working on developing a new financial model. The goal is to stimulate the natural abundance, generosity and skilful means we need to share these precious teachings with the world, and have the resources to do that really effectively.
On Shambhala Day we said we would tackle an issue that has frustrated donors and undermined everyone’s fund-raising efforts for years: the relentless internal competition for funds. We are about to roll out a pilot project for a far more unified funding model. This would be a more comprehensive method of donating to Shambhala, so that the volume of separate requests and donations starts to go down. The modeling we have done so far suggests this would be what many people want and that it will likely be far more effective than our current, outdated and heavily competitive system. We will be announcing the roll out of the Pilot Project for this new model on Shambhala Day – a pivotal step towards making this a reality…
As we look forward to Shambhala Day this year – 22 February 2012, we are going to attempt the dream that many people have spoken of for many years — to raise the entire international budget of Shambhala in one single campaign. It will begin in February and culminate on Shambhala Day. Watch for the roll out as it starts to happen!