Second Annual Drepung Gomang Institute Sangha Meeting

1. Second Annual Drepung Gomang Institute Sangha Meeting June 12, 2011

2. Presentation Overview DGI timeline and Monastery overview Current financial position Goals for 2011 Fund raising and ways to handle increased cost associated with new center DGI governance Questions and comments

3. Note that the geshes are the reason we�re here and how fortunate we are to have monks and scholars of this caliber at a center our size Note that the geshes are the reason we�re here and how fortunate we are to have monks and scholars of this caliber at a center our size

4. Current DGI Board Members Beth Beam Jason Holland Tashi Klein Michael Siefring Keith Schmidt Anne Walter Chance for board members to introduce themselves, current and past offices and duties. Chance for board members to introduce themselves, current and past offices and duties.

5. DGI Timeline 1959: Tibetan uprising against Chinese occupation. HHDLLama and thousands of Tibetans leave Tibet, including 100 Drepung Gomang monks 1969: 62 surviving monks reestablish Drepung Gomang Monastery in South India 1999: First Gomang US tour monks come to Louisville Note how events � way around the world and in Louisville came together for this to be possible. Note how events � way around the world and in Louisville came together for this to be possible.

6. DGI Timeline (cont.) 2000: Establishment of DGI non-profit 2003: Geshe Sangay comes to Louisville 2008: Moved to Parsons Place 2008: Became national tour sponsor, arrival of 2008-2009 Gomang tour 2008: Received recognition as the official US home of Drepung Gomang Monastery We can take out the part about the previous board. We can take out the part about the previous board.

7. DGI Timeline (cont.) 2009: Geshe Sangay gets his green card 2010: Arrival of Geshe Rapgyal 2010: Abbot visits DGI 2010: Arrival of 2010-2011 Gomang tour 2010: Purchase of Hubbards Ln center 2011: Renovation to allow monks to move to center 2011: Visa applications submitted for next Gomang tour

8. Just a brief note on the monastery and it�s historyJust a brief note on the monastery and it�s history

9. Drepung Gomang Monastery Main Temple

10. Geshe-la viewing debates under main temple

11. View from Drepung Gomang library

12. DGI Financials

14. Monthly Center Operating Expense Hubbards Ln Mortgage $2044 ($1600 of this is interest expense. This is more than our total monthly spending prior to purchasing the building) Utilities $550 (We�re getting ready to have an energy audit to see how we can reduce this) Cell phones $110 (We have 3 cell phones with AT&T. There are opportunities to reduce this cost, contact us if you would be interested in helping) Building Maintenance $500 (this will vary month to month) Monk stipends $300 Translation $400 Food $250 Misc (office supplies, postage, auto expense, etc�) $350 Total $4504 A lot of things came together to make the mortgage and down payment possible. A lot of things came together to make the mortgage and down payment possible.

15. Building Loans First Mortgage ($360,000) 5.5% amortized over 30 years, $2044/month Balloon payment due Nov 2012 Current balance as of June 10 $357,200 Second Mortgage ($40,000) (for down payment) Balance due Nov 2012 $10,000 no interest free unsecured loan Balance due 11/2011 Total outstanding loan balances as of today- $ 407,200 A lot of things came together to make the mortgage and down payment possible. A lot of things came together to make the mortgage and down payment possible.

16. Statues for Temple We have the main statues on order from Nepal. These will cost approx $7000 with shipping. We have $3500 raised to date for this. If you are interested in contributing toward this, please let us know. We have the main statues on order from Nepal. These will cost approx $7000 with shipping. We have $3500 raised to date for this. If you are interested in contributing toward this, please let us know.

17. DGI Budget for 2011 Monthly For full year Center Operating Budget $4500 $54000 Renovations (completed) $26000 Statues ($3500) donated or pledged $ 7000 No interest loan due 11/2011 $10000 Total $97000

18. DGI Income for 2011 Center income covered basic living costs and center operations. Total cap campaign donations to date Center income covered basic living costs and center operations. Total cap campaign donations to date

19. DGI Month End Bank Balance

20. Business supporters Heine Bros - Monks Blend Tea Rainbow Blossom � sponsors sales Amazing Green Planet � DGI shopping night Zen Garden � Thanksgiving dinner Wild and Woolly Video We can say more about merchandise after board meeting if necessary I�m sure there are others who should be noted, I limited this to retail and restaurants for now. We can say more about merchandise after board meeting if necessary I�m sure there are others who should be noted, I limited this to retail and restaurants for now.

21. How else can we raise money Large Donations � Foundations, wealthy individuals, etc� Smaller donors, Sangha centered support. A wider base of smaller donors is preferred. Basic expenses can be covered by: 50 people @ $100/month 100 people @ $10/week We�ve had a number of talks with people in the interfaith and philanthropic community in Louisville. We�ve gotten a lot of good responses, but not much money. With the current trends in donations and attendance at teachings and meditation, it wouldn�t take much to cover expenses. We�ve had a number of talks with people in the interfaith and philanthropic community in Louisville. We�ve gotten a lot of good responses, but not much money. With the current trends in donations and attendance at teachings and meditation, it wouldn�t take much to cover expenses.

22. Community Foundation of Louisville DGI has established a fund to accept donations through the Community Foundation of Louisville. This is an ideal way to raise money for our building and other large projects. It is also gives us the capability of accepting gifts of stock, insurance, real estate and other assets, and other non-cash large gifts CFLouisville.org click donate online and select Drepung Gomang Institute to donate by credit card. Show webpage with donate to DGI line at end of presentation. Describe what Community Foundation is. See website for more information. We�ll also have a handout with mailing information and instructions for checksShow webpage with donate to DGI line at end of presentation. Describe what Community Foundation is. See website for more information. We�ll also have a handout with mailing information and instructions for checks

23. Long Term Goals Pay off Building Purchase or build separate monk living space Be able to provide significant support for monastery. Even replace tour income Make DGI and Louisville a center of Tibetan Buddhist study and scholarship. Other ideas???

24. DGI Board and Committees Grounds and Building Merchandise Event planning Teachings and Education Membership Outreach to other Buddhist groups Interfaith outreach In my opinion, we need to talk about how people can help and that for the long term, DGI needs to be developing new leadership. With the building purchase, we�ve gained links to the Vietnamese Buddhist community. We need to build on this and also reach out to other Buddhist, particularly Gomang and other Tibetan Buddhist centers. In my opinion, we need to talk about how people can help and that for the long term, DGI needs to be developing new leadership. With the building purchase, we�ve gained links to the Vietnamese Buddhist community. We need to build on this and also reach out to other Buddhist, particularly Gomang and other Tibetan Buddhist centers.

25. Future Board Members Preference for DGI members Special expertise (accounting, legal, fund raising, previous or current business or non-profit board experience) This slide can be fleshed out after the board meeting Tuesday. This slide can be fleshed out after the board meeting Tuesday.

26. Questions and Comments