Sustainability, impact-driven, and efficiency are the guiding principles we follow when modeling our financial strategy. Our decision process is simple; all actions must tie back to those three principles.
Board of Directors
The Budding Lotus Endowment
In order to meet unforeseen challenges while continuing to support ongoing operations, we believe it critical to establish an endowment early on. We are a for-purpose enterprise and we take that to heart. Whether we agree with it or not, we recognize that money is what will allow us to expand and support the operations that are critical to the welfare and future of the children we serve. Therefore, we are filled with pride and joy in establishing the Budding Lotus Endowment, a seed towards realizing a beautiful future.
BoD Note: 2021 our goal is to establish a dividend income of $1,000. Through careful selection we forecast that the endowment will pass that by $100. We anticipate continued organic dividend growth for the endowment.
Add a dollar here that shows progress by having a moving color scheme
Raised to Date: $30,000.00
Board Funding: $20,000.00
Corporate Funding: $10,000.00
Small Donor Funding: None
Annual Dividend: $1,000.00
5 Year Goal: $100,000.00
Status: On Track
2021 | Executive Summary
2021 has been a challenging year where uncertainty was the only consistent part of life. As countries battled Covid-19, we continued working with various groups to bring aid to children in need. Despite the difficulties that arose with Vietnam's lock downs, we were able to successful award numerous scholarships, send several students to school, bring food to families, and various other forms of support.
We successfully raised more than our $20,000 target from our seed round to fully fund the Budding Lotus Endowment.
We identified & established relationships with several NGOs. We completed three joint ventures and have several more planned for 2022.
Our initial fundraising forecast was $25,000. We are grateful to have been able to surpass that amount for a total of $43,000, a 72% surprise.
*Majority of revenue comes from board & corporate donations for the purpose of starting the endowment
Dollars to Impact
*All non board and non corporate donors have 100% of their donations going towards impact. Reflects commitments made in 2021, distributed in 2022.
*We anticipate initial year costs to be higher due to startup requirements
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