DONATION
During the time of Buddha, monasteries did not face financial difficulties because Buddha and his disciples depended solely on alms wherever they went, and each individual took responsibility for their own food. But with changing times, the old tradition of subsisting only on alms has changed greatly, whereby the monasteries and institutions have to bear huge responsibility of maintaining the continuity of food, clothings, and other essentials for the monks, and also for the monastery’s repair and renovation.
Similarly, this college has to also shoulder huge responsibility of looking after its monks. For that reason, the college is solely depended on the generous patrons and sponsors. The college’s funds come mainly from their donations.
Since Sakya College does not have any income outlets nor does it run on fees, the only few ways to keep functioning is to receive financial support by having continual relations with the existing benefactors and establishing new contact with the sponsors and donors at home and overseas, for which Khenpo Tsultrim Tendar is responsible for. Besides, under the generous help of Sakya Tenphel Ling of Singapore, five-to-six monks are sent to Singapore and Malaysia yearly to perform the New Year grand pujas for the welfare of our sponsors and donors. The donations and offerings received from these also add up to the college’s funds.
Under the guidance of the late Khenchen Appey, Sakya College constructed Sakya College Guest House at Majnu-ka-tilla, New Delhi, with the capital investment of INR 500,000. At present, this guest house is the main fund source for the college.
The college’s main expenditure include staff’s monthly salary and food allowance, besides, a monthly pocket money of INR 200 to each monks. During summer vacation each year, the college give INR 7500 as travel expenses to all the monks. Other expenditure includes the repair, renovation, and maintenance of the college buildings.
In brief, the total expenditure per year is USD 54,612. The donations received is used entirely for the monks’ foodings, clothings, and in buildings maintenance and repair, without any misuse.
If you wish to sponsor or donate, in whatever amount, towards individual student or to the college, you can kindly contact us during office hours.
YEARLY EXPENSES
Bank Account Holder :
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Sakya College
Current
40153142931
00691
SBIN0000691
SBININBB104
STATE BANK OF INDIA