Jain Center of Northern California

DevDravya Fund Treatment Plan September 16, 2009

Details on DevDravya Funds Accounting, Collection and Use/Disbursement

May 09, 2009

Page-1

Jain Center of Northern California DevDravya Fund

DevDravya Committee Members 

JCNC’s DevDravya Committee Members Yogendra Bobra Jay Itchhaporia Parveen Jain (Committee Chairman) Prem Jain Pramod Patel Chetan Sanghvi Arvind Shah Harendra Shah Hasu Shah

May 09, 2009

Page-2

Jain Center of Northern California DevDravya Fund

Scope of Guidelines Application This is an amendment to the existing JCNC DevDravya Policy



Enhancements described in this document are to improve the policy based on about 9 years of experience in JCNC’s DevDravya fund operations Community feedback received at JCNC’s June 29, 2009 Town Hall Meeting was considered by the committee

 

Guidelines apply to:

  

May 09, 2009

Only the donation collected during or from all Digämbar & Shwetämbar-Murtipujak religious ceremonies relating only to Tirthankar Bhagawän Murtipujak religious ceremonies include: Shwetämbar-Murtipujak Tirthankar Pujäs Digämbar-Murtipujak Tirthankar Pujäs Ärati, Mangal Divo Shänti-kalash Shanti Viddhän Ängi Ceremony Sapanä ceremony Any other religious activity conducted in front of Tirthankar Bhagwän according to Digämbar- & Shwetämbar- Murtipujak traditions Page-3

Jain Center of Northern California DevDravya Fund

General Definitions

DevDravya according to Murtipujak traditions



Any monetary or other items renounced in front of Tirthankar Bhagvan or in the name of Tirthankar Bhagvan both inside and outside the temple Bolee (committed amounts) made to secure the benefit of performing Tirthankar rituals Deposits made in the Bhandar in front of Tirthankar

  

Utilization of DevDravya Funds



DevDravya is those proceeds that a Jain layperson has renounced in front of or in the name of the Tirthankar To be used only for the Tirthankar temple and Tirthankar Pratimaji related items Not to be used and/or consumption (Bhog and Upabhoga) that directly or indirectly benefit a Jain follower Not to be used for Pujä items, education, food and Jiv Däyä or transferred to other funds

  

Mun



Mun is a flexible unit used in Jain tradition for donations, Bolees and other pledges This is typically translated to some currency or monetary denomination using certain formula as determined by the concerned Jain Sangh

 

General Fund

 

May 09, 2009

The General Fund (Sädhäran) is a flexible fund that is used by the Jain Sangh for the general well being of the Sangh, its assets and its supporting activities

Page-4

Jain Center of Northern California DevDravya Fund

JCNC DevDravya Collection Guidelines For all Murtipujak religious ceremonies:



Donations in Mun only Mun distribution formula to be communicated to JCNC members through all available means - email, newsletter, notice board, etc. Mun distribution formula NOT TO BE discussed in front of Tirthankar Pratima or a place where Murtipujak religious ceremonies are conducted

  

Mun Formula for Funds Allocation

 

A Mun will be for $1 and it will have two (2) components:

o o

JCNC DevDravya Mun with a value of $0.10 Donor Choice Mun with a value of $0.90



JCNC DevDravya Mun is fixed - this portion allows benefit of performing rituals and it will be designated to JCNC DevDravya Fund only



Donor Choice Mun will be allocated according to donor specified percent allocation between DevDravya Fund and General Fund



When Donor Choice for funds allocation is not available for any reason, o o



May 09, 2009

90% of Donor Choice Mun donation allocated to General Fund 10% of Donor Choice Mun donation allocated to JCNC DevDravya Fund

JCNC DevDravya Funds will be deployed strictly according to JCNC’s DevDravya Fund Utilization Guidelines Page-5

Jain Center of Northern California DevDravya Fund

JCNC DevDravya Collection Guidelines 

Funds from Bhandar in front of Tirthankar Pratima will be 100% JCNC DevDravya



Funds from Arti Thali collected during Arti in front of Tirthankar Pratima of will be 100% JCNC DevDravya



Funds collected during Murtipujak ceremonies NOT involving Tirthankar Bhagwan may be 100% General Fund



Funds collected during ceremonies in traditions other than Murtipujak traditions may be 100% General Fund



Location of Bhandars in Jain Bhawan Religious Area Rung Mandap: 

A large Bhandar in front of Ghabara in the middle and designate & label this bhandar as “JCNC DEVDRAVYA FUNDS ONLY”



Bhandars placed else where may be designated and labeled General Fund

May 09, 2009

Page-6

Jain Center of Northern California DevDravya Fund

JCNC DevDravya Disbursement Guidelines – 1/2 DevDravya Funds may be used anywhere in the world for:

 

Construction, transportation, installation, expansion, restoration, renovation, improvement and maintenance of Tirthankar Pratimajis, religious area structure, all artifacts relating to Tirthankars and their Pratimajis such as Ängi, Chakshu, Abhamandal, Chhatra, and Chitrapat, and pictures depicting events of Tirthankar’s lives and Jain religious places



Building new Tirthankar temples or any non-residential Jain religious/ spiritual place where the Thirthankar message is preached and practiced o Any of the 5 Jain traditions supported by JCNC o If the religious/spiritual place has PratimaJis, it must include at least one Tirthankar Pratima as the main Pratima (like Jain Bhawan)



Prorated expenses relating to security, insurance and property taxes of the Jan Bhawan religious area (2nd floor) o Current prorated DevDravya allocation: 25% o 10% of Jain Bhawan cleaning charges may be charged to DevDravya



Borrowing from JCNC DevDravya fund (as a last resort) o JCNC Board may decide to extend loan from JCNC DevDravya to JCNC and other JAINA recognized Jain Centers in North America o

o o

May 09, 2009

Limited to $50,000 for 2 years

The borrowing should be of a temporary nature subject to prevailing interest rate Any interest and other income earned from the funds borrowed from DevDravya fund shall be allocated back to the DevDravya fund Page-7

Jain Center of Northern California DevDravya Fund

JCNC DevDravya Disbursement Guidelines – 2/2 Disbursement Limits 75% of JCNC DevDravya Funds reserved for JCNC

 

o o

Disbursement from reserved JCNC DevDravya fund to other Jain Centers in North America Only after the reserved fund exceeds $1,000,000 and JCNC needs have been met Only organizations that support multi-tradition operation and follow JCNC DevDravya guidelines

Disbursement to organizations other than JCNC

 

o o

Limited to 50% of DevDravya funds collected in JCNC’s previous fiscal year and subject to following restrictions: Within North America: up to 10% of total JCNC DevDravya fund limited to $25k Outside of No. America: up to 2% of total JCNC DevDravya fund limited to $5k o

Example-1: Total JCNC DevDravya Fund: $200,000 Reserved for JCNC: $150,000 Max. disbursement to non-NA org: $4,000 Max. disbursement to NA org: $20,000

Example-2: Total JCNC DevDravya Fund: $1,000,000 Reserved for JCNC: $750,000 Max. disbursement to non-NA org: $4,000 Max. disbursement to NA org: $20,000

DevDravya Funds may NOT be used for:

    

May 09, 2009

JCNC pujari Any other Jain worker who is employed permanently or temporarily to work in Jain Bhawan religious area Swamivatsalya or Jiv Daya Other categories that do not comply with DevDravya disbursement guidelines Page-8

Jain Center of Northern California DevDravya Fund

JCNC DevDravya Guidelines Implementation Donor profile data collection



Collect donor profile of existing and new JCNC members



o

A database that can be used by JCNC Finance Committee for accurate allocation of funds, correctly representing the donor choice

Next Steps

    



May 09, 2009

JCNC will collect Donors’ data profile for Choice Mun allocation Simplified and well understood process for JCNC Members to specify their Choice Mun allocation between JCNC DevDravya and General funds Simplified and well understood process for JCNC Finance Committee to book and account all donations correctly Simplified and well understood process to ensure that funds collected during nonMurtipujak religious ceremonies are not allocated, partially or fully to the JCNC DevDravya fund Announcement of the JCNC DevDravya guidelines o Clear posting of details in non-religious area o Donors escorted to non-religious area for any explanation

Page-9

Jain Center of Northern California DevDravya Fund

Operating Expenses Charged to DevDravya 

Security, insurance and property taxes: expenses prorated to Jain Bhawan religious area (2nd floor)  Current prorated DevDravya allocation: 25%



Cleaning Charges: 10% of Jain Bhawan cleaning charges



Maintenance Charges: expenses actually occurred in religious area (2nd floor)  Y2001-2007 DevDravya allocation: 15%



Janitorial Supplies and Charges: NO allocation to DevDravya funds



Kitchen Expenses: All expenses (utilities, food material, etc.) charged to SwamiVatsalya funds and NOT to DevDravya

May 09, 2009

Page-10

Thank You !!!

May 09, 2009

Page-11