1 / 19

Empowering the Sikh Community: Fundraising for Our Gurdwara in Greater Memphis

The Mid South Sikh Sabha is on a mission to establish a physical identity for the Sikh community in the Greater Memphis area. Aiming to fulfill this dream, we are initiating a fundraising campaign with an available down payment of approximately $112,000. Engaging with the Sikh Sangat from Memphis, Tupelo, and Jonesboro, our goal is to secure funds and ensure everyone has a voice in the decision-making process. We have seen a 23% increase in annual pledges, demonstrating our community's commitment. Join us to make this vision a reality!

wright
Download Presentation

Empowering the Sikh Community: Fundraising for Our Gurdwara in Greater Memphis

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. MSSS Fund Raising March – April 2007 www.midsouthsikhsabha.org

  2. Need / Initial Assumptions • Down payment, (Approx $112,000+ available) • Regular Monthly / Annual Income • Loan Surety, (Up to individual limits)

  3. Our Task / Mission • To fulfill the dream of having our own Physical identify in the Greater Memphis Area • To bring subjectivity to the process • Folks are not starting the gurdwara • Folks don’t listen to me • No one hears our opinion • Only set folks make the decision

  4. Target Audience • Sikh Sangat members from Greater Memphis, Jackson, Dyersburg, TN • Sikh Sangat members from Tupelo, MS • Sikh Sangat members from Jonesboro, AR • Punjabi Community members from Greater Memphis • Sindhi Community from Greater Memphis • Indian Community at large from Greater Memphis • Sikh Sangat and Gurdwara contacts from other states

  5. Method • To have a One-on-One contact • Explain the reason of fund raising • Questions regarding gurdwara build process • Feedback (if any)

  6. Contacted Sikh Sangat members from Greater Memphis, Jackson, Dyersburg, TN Sikh Sangat members from Tupelo, MS Sikh Sangat members from Jonesboro, AR Sikh gurdwara contact from Jackson, MS Punjabi Cultural President, Chicago, Mohinderjit Singh Saini from Bulk Petroleum President, Darshan Singh Dhaliwal Not-Contacted or In- Complete Punjabi members from Greater Memphis (in-complete) Sindhi Community from Greater Memphis (in-complete) Indian Community at large from Greater Memphis (in-complete) What has been done

  7. Other Forms of Contact • Web Site • Email • Targeted Mailing (Partially Complete)

  8. Our Result (In a Nutshell) • Annual Pledges :- $49,560 23% increase from 2006 number of $40,000 • Annual Surety :- $321,000 No surety in 2006

  9. Donor Profile • Trustees Nominated :- 2 new • Surety Donors • $100,000 and above 1 • $50,000 and above 1 • $20,000 and above 1 • $15,000 and above 1 • $10,000 and above 12 • $5,000 and above 3

  10. Validating Surety

  11. Our Affordability • $321,000 (Surety) + $110,000 (Bank) = $431,000 • 10% Positive Variance • Gupt Daan • Other Community members Not Contacted • Range ($431,000 - $470,000)

  12. Bank Loan Affordability

  13. Gurdwara Financials

  14. Bank Points • Resolution from Not-For-Profit Board Meeting • Nominate a person or two to sign on the loan • Bank will underwrite the loan as a SBA loan

  15. Feedback

  16. Feedback Received

  17. Question

  18. Explaining Surety • What is a Surety ? It is personal commitment to loan over a certain period of time if the Gurdwara defaults • Examples from New Jersey gurdwara and Oakbrook, IL. gurdwara • Gives a Gut Feel reality check how much we can stretch ourselves • Gives individual sangat members a say in the gurdwara

More Related