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TERTON SOGYAL FOUNDATION
NEW YORK, NY · EIN 271221733 · Form 990 · FY2024 · NTEE T20 · Philanthropy & Grantmaking · Micro (<$100K) · terton-sogyal-usa.org
revenue
$51K
expenses
$29K
net assets
$576K
employees
0
program ratio
68%
mission · from form 990

THE ORGANIZATION IS ORGANIZED & OPERATED FOR EXCLUSIVELY RELIGIOUS, CHARITABLE & EDUCATIONAL PURPOSES SPECIFICALLY THE PROMOTION AND ADVANCEMENT OF THE BUDDHIST RELIGION WORLDWIDE. HOWEVER, THE ORGANIZATION'S PRIMARY ACTIVITY IS THE PROVISION OF FINANCIAL SUPPORT FOR INSTITUTIONS THAT FURTHER THE PRESERVATION, STUDY, AND PRACTICE OF BUDDHISM. EXAMPLES OF SUCH INSTITUTIONS INCLUDE MONASTERIES, NUNNERIES, SCHOOLS, STUDY COLLEGES, LIBRARIES, RETREAT CENTERS, AND SHRINES. THE ORGANIZATION ALSO SUPPORTS THE PRESERVATION OF OBJECTS AND IMAGES ASSOCIATED WITH THE PRACTICE OF BUDDHISM.

profile · synthesized from sources

The Tertön Sogyal Foundation supports the preservation and advancement of Buddhism worldwide, with a focus on funding educational and practice-oriented institutions. It provides financial support to Rigpa's activities, including retreats, study programs, and curriculum development. The foundation operates through donations, wills, and legacies, investing contributions to generate long-term grants.

named programs · 3 · from sources

What they call their work

Light of Dharma Grants
Funds innovative projects such as the development of the Rigpa Curriculum, online courses, and preservation of Buddhist teachings
Rigpa Endowment Fund
Provides long-term financial security for Rigpa's work by investing donations and distributing only interest and capital gains as grants
Study and Practice Grants
Supports Rigpa students in participating in retreats, Shedra courses, and practice training programs
activities · 3 groups

What they do

  • General Operating Support Grants 1 activity
    • Disbursing grants from donated and investment funds
      Started distributing grants in 2021 using funds raised through donations and investment income.
  • Religious Education Support 1 activity
    • Funding innovative Dharma projects and preservation efforts
      Supports the development of new initiatives such as the Rigpa Curriculum, online courses, and the collation and preservation of Buddhist teachings through Light of Dharma Grants.
  • Financial Aid and Scholarship Access Programs 1 activity
    • Funding study and practice for Rigpa students
      Provides grants to Rigpa students to support participation in retreats, Shedra courses, and practice training programs.
financials · form 990 · fy2024
revenue
Total revenue$51K
Contributions & grants$30K57%
Program service revenue$00%
Investment income$22K43%
Other revenue$0
expenses
Total expenses$29K
Program expenses68%
Admin / overhead32%
Fundraising0%
Salaries & benefits$0
Grants paid out$20K
Largest expense lineProfessional Fees
balance sheet
Total assets$579K
Cash$291K
Investments$288K
Liabilities$3K
Net assets$576K
Liquid reserves235.7 mo
4 years on record · 2020–2024 · YoY revenue +170.7%
leadership · form 990 part vii · fy2024

Who runs it

board members · 4
  • DANIEL SCHUESSLER — TREASURER
  • MICHELE PHAMTAN — SECRETARY
  • PEDRO BEROY — PRESIDENT
  • SUZANNAH YARDAS — DIRECTOR
relationships · 8

Who they work with

  • Libraries Partner — Funded to support the preservation, study, and practice of Buddhism
  • Monasteries Partner — Funded to support the preservation, study, and practice of Buddhism
  • Nunneries Partner — Funded to support the preservation, study, and practice of Buddhism
  • Retreat Centers Partner — Funded to support the preservation, study, and practice of Buddhism
  • Rigpa Partner — Collaborates with Rigpa to disburse grants and support educational and practice initiatives.
  • Schools Partner — Funded to support the preservation, study, and practice of Buddhism
  • Shrines Partner — Funded to support the preservation, study, and practice of Buddhism
  • Study Colleges Partner — Funded to support the preservation, study, and practice of Buddhism
strategies · 2

How they approach the work

Named approaches extracted from this org’s sources. Where others share an approach, follow it to see the full set of orgs running it.

  • Faith-Based Grantmaking for Buddhist Advancement
    methodology: faith-based_grantmaking
    By funding institutions dedicated to the preservation, study, and practice of Buddhism, we advance the Buddhist religion worldwide, because institutional support strengthens religious continuity and global reach.
  • Perpetual Endowment Model
    methodology: perpetual_endowment_model
    By preserving donated capital in perpetuity and distributing only investment returns, we ensure long-term financial sustainability for ongoing grantmaking, because sustained funding enables continuous support for Buddhist institutions over time.