BUILDING FUNDS
Appeal for New Gurdwara Building Fund
Gurdwara is the most important part of Sikh Society to meet present and future spiritual
and social needs. Gurudwara is the house of the Guru and we should make all attempts
to make it better and pleasant.
Building the new Gurdwara is the Sangat’s project. Full participation of the Sangat
is essential to raise the required amount. Every family is requested to contribute
or raise at least $2000/ year for three years to finish this project. Contributions
can be made in lump sums or on a monthly basis.
Please provide your suggestions to the Gurdwara Committee for further fundraising
and improving of the Gurdwara’s functions and structure.
Present Financial Status
- Money
Paid for Land = $ 355,000
- Loan
Balance on Land = $ 170,000
- Approximate
Equity after Loan Paid = $800,000
- Estimated
Cost of new Building= $ 1,250,000 (1.25 Million)
- Money
to be barrowed from Bank = $ 1,000,000 (1 Million)
- Money
to be Raised from Sangat to complete the project:
- Remaining
Loan = $170,000
- Down
Payment = $250, 000
- Total
Required = $ 420,000
Total Fund Target = $ 500,000
- $250,000
for Year 2008 – 2009
- $250,000
for Year 2010