Sanghata Finances

Role
The role of Sanghata is to provide support for the basic needs (requisites) of the Pacific Hermitage monastics. Financial stewardship is a primary function.  Financial support for the Pacific Hermitage all comes from donations, whether they be one-time gifts, monthly offerings or donations made during the annual Pah Bah, which is the the Pacific Hermitage’s primary source of funding.  As such, Sanghata plays a prominent role in the annual Pah Bah.  100% of all offerings are used to support the Pacific Hermitage monastics.

A Pah Bah is a 2,500-year-old tradition carried on here in the West in the Theravadan monasteries. It is initiated by a lay supporter or a group of supporters who request to organize the preparation and formal offerings. It is both a significant and joyful occasion that, over time, has become emblematic of the richness of the relationship that exists between the lay people and the monastics. This relationship is characterized by deep bonds of friendship and commitment to mutual support.  Please visit the Support page to learn more.

Nonprofit
Sanghata is a 501(c)(3) tax exempt non-profit corporation registered in the state of Oregon. All offerings to Sanghata are tax exempt.

Immediate Goals
With the purchase of an adjacent property in April 2014, the priority was to pay off the debt incurred with that purchase within the required 5-year period.  All offerings above the operating expenses were applied to paying off this loan.  Thanks to the generosity of the Pacific Hermitage supporters the loan was paid off in October 2016, 2 1/2 years early.  Efforts to transfer ownership of this parcel to the Abhayagiri Monastic Foundation are underway.  The Abhayagiri Monastic Foundation is the stewarding organization for the Abhayagiri Buddhist Monastery, the Hermitage’s parent monastery.

2016 Operating Budget
The budget for 2016 is $45,200. This very lean budget provides for care of the Monks and payments for the new land acquisition, which is now paid off.

Item Cost
Loan P & I Payments $16,800
Facilities Operation and Maintenance $12,800
Hermitage Development $6,000
Events $3,600
Utilities $3,200
Travel $1,500
Medical $900
Administration $400
Total $45,200

 

Financials
Sanghata’s financial stewardship in support of the Pacific Hermitage is summarized in the simplified financial statements below.  The “Income” column reflects the overwhelming generosity of the lay community in offering financial support for the monastics and purchase of the Pacific Hermitage properties.  Also, apparent in the “Fixed Assets” column, are the 2011 purchase and 2014 transfer of ownership of the original Hermitage property to the Abhayagiri Monastic Foundation, the stewarding nonprofit for the Hermitage’s parent monastery, as well as the purchase of the second parcel in 2014.

money-table2015

Monetary donations are welcome.  For options, please visit the Support page.