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School Building Fund tax deductibility

I worry a lot about money that has been given to TI and for which tax deductions have been claimed by those giving the gifts. The full name of the Fund is supposed to be: Tara Centre for Wisdom Culture School Building Fund. Its main objective is: To exclusively assist with the acquisition, construction or maintenance of building/s and fixture/s of the school buildings used by the Centre. The Fund will be controlled independently of all other activities of the Centre. Its affairs shall be managed by a controlling Committee consisting of not less than 3 persons. The Fund will be controlled independently of all other activities of the Centre. I do not believe these obligations have been lawfully carried out and I am concerned what liability it places on TI.

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Promoting TI to the wider community

The FPMT Dedication Prayer contains this paragraph: "May all the centres and projects of the FPMT be free of obstacles to spread the holy Dharma of Buddha Shakyamuni, in particular the teachings of Lama Tsong Khapa." We need to reinvigorate our efforts to spread the Dharma and that will entail attention to promotion and marketing both TI and what we are offering to the community around Melbourne. There is a lot of good info on the web that can get us started. Let's discuss ideas here.

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Borrowing money for improvements

Interest rates are at a record low. We should be considering acting now to renovate while funds are cheap and unlikely to rise in the near future. And what about the purchase of a house nearby for Geshe Doga and an attendant to look after him.

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Best use of current assets

If the property is worth $15 million and facing millions in repairs, is this property the best solution for the next 20 years or so? Could we realistically buy a property that would better suit our purposes without costing so much to run?

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New ideas

Without fresh thinking, the Centre tends to run down as old ideas fall off the agenda or lose relevance under current circumstances. Add some wild thinking for discussion, here.

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Board-level considerations

There is currently no platform for extended planning. What strategic overview should we adopt, what should TI be planning for over the coming decades?

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