General information about the scheme

  • The scheme operates under a legal Trust Deed with Tibetan Buddhist Institute which sets out the conditions under which the scheme operates. One of these conditions is that the scheme is fully audited each year.
  • Contributions are held in the scheme’s bank account and sent to Sera Jey Monastery every six months at the end of June and December. This is to save on the huge cost of handling (bank charges especially in India) and cutting down the work involved in distributing the money.
  • The due date for contributions is 1st June and the 1st December.  You can be as far ahead as you like (some sponsors are years ahead), as held money earns interest and this helps with the running costs of the scheme.  We prefer payments made during the year, but the absolute cut off date is the 1st June and December,  allowing us to enter payments and for cheques to clear.
  • The distribution of your donations are managed by a senior monk at the monastery. The recipients are identified by photograph, name and identity number before handing over your contribution. Each recipient must sign that the money has been received. These records are returned to the schemes administrators in Australia for checking and verification. Sponsors are welcome to see these records.
  • Receipts and Newsletter: Receipts for all payments are sent in June each year. This is to keep the costs down to a minimum. Along with the receipt, we send an annual newsletter, which you may like to advertise in. All advertising is on a single A4 page and the ads are about the size of a business card – 90 x 55mm and costs Aus$15.00. Money raised this way helps defray the cost of running the scheme. ent and advert by 1st December each year. You may like to sponsor (or part sponsor) the cost of mailing the newsletter and receipt or the cost of printing both. If so, your name and/or business name is noted in the newsletter, along with our gratitude and thanks for helping in this way.
  • Running Cost Donations: Some sponsors like to send with their contribution, extra money to help with the enormous running costs of the scheme….this is most welcome, and helps with items like paper, printing ink, postage, envelopes, domain costs, banking (including the cost of banking in India), photos of monks, stationery, etc. etc. However, there is no obligation or expectation to contribute in this way when you undertake sponsorship.