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Financial Solvency
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Financial Solvency

Submitted by dayavira on Fri, 04/16/2010 - 19:06

Financial Solvency Team was born from the need to strengthen the International Society for Krishna Consciousness (ISKCON) with regard to its operations designed to fulfill its aim of re-spiritualizing the entire planet. The Financial Solvency initiative is one of a number of initiatives undergoing careful development under the umbrella of the Spiritual Strategic Planning Team (SSPT)

The SSPT is the ISKCON sub-organization responsible for making available, resources that could be utilized for the daily operations and long term projects of ISKCON branches throughout North America.

Financial solvency - achieving a strong fiscal position

Solvency fulfills two criteria: income greater than expenses, and assets greater than liabilities. The team might recommend creating a model template for achieving financial solvency through pledges, foundation grants, government allocations, capital campaigns, fundraising dinners and other special events. This model could then serve as a reference for all temples. After solvency, the next step is to generate additional revenues for preaching programs. If a temple is small, or has limited staff, how could such a campaign be started?
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