Overview
What is Samye Memorial Intl Buddhism Foundation?
The Samye Memorial Intl Buddhism Foundation is a nonprofit organization based in Sunnyvale, California. Its primary purpose is to support various Buddhist institutions, including the Samye Memorial Buddhism Vihara, Buddhist Nunnery Vihara, Monastery, Buddhist Foundation, and Dudjom New Treasurer Association. The foundation sponsors a comprehensive nine-year Buddhism education program for talented youth in Nepal and India, providing them with essentials such as food, robes, texts, medical care, and free tuition. The organization aims to preserve Tibet's unique Buddhism heritage and foster an educational and cultural exchange between the US, Tibet, and Nepal. It strives to create a global network to spread Buddha's teachings and establish a resource integration platform for institutions and individuals engaged in Buddhist wisdom and compassion studies. With a small team of two employees, the foundation plays a significant role in nurturing the future leaders of Buddhism.
Official website here: www.samyefoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Star rating)
The Samye Memorial International Buddhism Foundation has received a Three-Star rating from Charity Navigator, indicating a solid level of accountability and financial health. The overall score is based solely on a single beacon score that assesses accountability and finance, demonstrating the organization's commitment to strong governance practices in its operations.
The foundation displays commendable strengths, including an independent board composed of 83% independent members, which contributes to effective oversight. Additionally, the organization has no issues with material diversion of assets and maintains a high program expense ratio of 95.82%, signifying that the majority of its funds are allocated directly to its mission-related activities.
Despite these positive aspects, the organization’s rating is solely based on financial metrics, which may limit insights into its programmatic impact and overall effectiveness. While its governance structure is strong, potential donors looking for a broader understanding of program outcomes may need to seek further information beyond financial accounting.
This AI summary has been generated from information found on Charity Navigator.
Is Samye Memorial Intl Buddhism Foundation legitimate?
Samye Memorial Intl Buddhism Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Samye Memorial Intl Buddhism Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $80,000
For more financial information, click here
Official website here: www.samyefoundation.org
What is the mission statement of Samye Memorial Intl Buddhism Foundation?
The Samye Memorial International Buddhism Foundation's mission is centered around preserving Tibet's unique Buddhist heritage and fostering an educational and cultural exchange between the United States, Tibet, and Nepal. Their objective is to build a global network that disseminates Buddha's teachings to the general public. Moreover, they aim to establish a resource integration platform that supports institutions and individuals engaged in the study and practice of Buddha's vision of wisdom and compassion.
Official website here: www.samyefoundation.org
Who is the CEO of Samye Memorial Intl Buddhism Foundation?
Chyong-Ji Wang is the Ceo of Samye Memorial Intl Buddhism Foundation. The CEO's salary of Samye Memorial Intl Buddhism Foundation is $0 and their total compensation is $0.
Official website here: www.samyefoundation.org
What is the revenue of Samye Memorial Intl Buddhism Foundation?
Samye Memorial Intl Buddhism Foundation's revenue in 2022 was $1,287,653.
Official website here: www.samyefoundation.org
Who are the executives of Samye Memorial Intl Buddhism Foundation and what are their salaries?
The average compensation at Samye Memorial Intl Buddhism Foundation during 2022 was $40,000. There are 2 employees and 50 volunteers at Samye Memorial Intl Buddhism Foundation.
Here are 6 key members and their salaries (Samye Memorial Intl Buddhism Foundation's CEO's salary is $0 and their total compensation is $0):
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
Official website here: www.samyefoundation.org
Where can I find the form 990 for Samye Memorial Intl Buddhism Foundation?
Samye Memorial Intl Buddhism Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.samyefoundation.org
Learn more at the official website: www.samyefoundation.org
Mission Statement of Samye Memorial Intl Buddhism Foundation
The Samye Memorial International Buddhism Foundation is dedicated to preserving Tibet's distinctive Buddhist heritage and fostering an educational and cultural exchange between the United States, Tibet, and Nepal. Their mission is multifaceted, with the primary goal of promoting Buddha's teachings, known as Dharma, to the global public. They aim to establish a resource integration platform that supports institutions and individuals engaged in the study and practice of Buddha's vision of wisdom and compassion. This platform serves to connect and strengthen the global Buddhist community, fostering a shared understanding and appreciation for Buddhist teachings. The foundation's endeavors are not limited to Buddhism; they also strive to facilitate an educational exchange between these three countries, promoting cultural understanding and mutual respect.
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Impact
July, 2024
Samye Memorial International Buddhism Foundation's impact is profound in the preservation of Tibet's unique Buddhism heritage and the promotion of educational and cultural exchanges between the US, Tibet, and Nepal. Through their sponsorship of various Buddhist viharas and monasteries, including the Samye Memorial Buddhist Vihara and Nunnery Vihara, they support around 1,000 students, monks, and nuns with essential needs such as food, robes, texts, medical care, and free tuition.
Moreover, the foundation plays a crucial role in providing training and education for young aspiring lamas, ensuring the continuity of Buddhism's academic tradition. By supporting the construction of dorms and classrooms for monks and nuns in Nepal, they create a conducive environment for learning and practicing Buddha's teachings.
In addition to their direct support for individuals and institutions engaged in the study and practice of Buddhism, Samye Memorial International Buddhism Foundation also sponsors a nine-year Buddhism education program for talented youth in Nepal and India. This initiative not only fosters the next generation of Buddhist scholars but also contributes to the wider dissemination of Buddha's Dharma to the general public.
Through their commitment to preserving and promoting Buddhism, facilitating educational exchanges, and supporting aspiring youth in their spiritual and academic pursuits, Samye Memorial International Buddhism Foundation makes a significant impact in fostering wisdom and compassion within global communities.
This information is meant to be a general summary of Samye Memorial Intl Buddhism Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $3,698
- Gross Receipts: $1,299,466
Assets and Liabilities:
- Total Assets: $1,009,175
- Total Liabilities: $0
- Net Assets: $1,009,175
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Organization Details
Founding Year
2001
Phone
(408) 737-8988Principal Officer
Chyong-Ji Wang
Main Address
1210 East Arques Ave 216, Sunnyvale, CA, 94085
Website
www.samyefoundation.orgNTEE Category
Code: B11 - Education
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