The Endowment Fund was formed to secure the financial stability and long-term viability of the Sundari Foundation, so that the Lotus House Women’s Shelter will serve as a resource for women and children in need for generations to come.
In December 2007, a benefactor of the Fund gifted the land and buildings comprising the original Lotus House facilities to the endowment fund, which has in turn leased them to the Foundation under a fifty year lease, for a dollar a year, renewing in perpetuity so long as the property is used as a shelter for homeless women and children. This was an important first step toward achieving our goal of ensuring the financial stability of the Foundation and the Lotus House.
We have more work to do to reach our goal of financial security for Lotus House. The immediate goal of the Endowment Fund is to raise a minimum of $10 Million over five years, with a longer term goal of building a larger fund sufficient to ensure that the operating and capital needs of the Foundation are adequately provided for in perpetuity.