Jai Sai Ram

Dear Saibandhus,

Shirdi Sai Parivaar would like to update you on Mortgage, Mortgage Bearer program and Annual Fundraising Drive as follows

 

Mortgage Update – January 2015
By BABA’s grace, over the past four years, we have been able to reduce the loan amount quite substantially from about $4 Million USD to ~$2.6 Million.  In 2014, we paid $500K towards the loan.

 

Mortgage Update – November 2013
By BABA’s grace, earlier this year, we were able to refinance our loan at a lower interest rate.  The loan is structured such that every year we have an option to repay an extra small amount in addition to the regular mortgage payment without incurring any penalty. Current outstanding loan amount is $3.17 million USD.

 

Mortgage Bearer program Update
By BABA’s grace and your generous donations, so far we have raised $66200.75 as part of the Mortgage Bearer program.  We are pleased to announce that alldonations received during the months of November and December will be utilized towards the mortgage payment program.  This will exclude any donationsreceived for special programs like Annadanam and Sandwich Seva. We request devotees to actively participate in this program as it will help us further reduce the loan and will give us opportunities to participate in more charitable and community based activities that will benefit the local community here in the Bay area and potentially in India too.  Please visit our website to learn more about different ways to participate in the mortgage bearer program.
By BABA’s grace, we are pleased to inform you that the following facility improvement projects will be initiated shortly: 
1) Upgrade existing kitchen to support better cooking capabilities for Prasadam and Charity activities.2) Replace old/broken HVAC units to support Free Classroom activities (link to SSP classes) especially during winter months.

 

Anual Fundraising Drive
1) For the above mentioned projects, effort is being made to raise funds outside of the regular donations received from our devotees.2)Please note that Shirdi Sai Parivaar is a non-profit organization as per IRS 501 (c) (3) rules and therefore any donations made towards it is exempted from federal taxes.3) Please consult your accountant regarding this matter.

4) If you need donation receipt immediately, please send email to saibandhu@shirdisaiparivaar.org with donation details and we will email you the receipt as soon as possible. Otherwise, we will send you donation receipt in three to four weeks.

5) We would like to thank you for your generous support.  Please let us know if you have any questions or feedback.

 

 

                                    Bow to Shri Sai – Peace Be to All