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MSSS Fund Raising

MSSS Fund Raising. March – April 2007 www.midsouthsikhsabha.org. Need / Initial Assumptions. Down payment, ( Approx $112,000+ available) Regular Monthly / Annual Income Loan Surety, (Up to individual limits). Our Task / Mission.

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MSSS Fund Raising

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  1. MSSS Fund Raising March – April 2007 www.midsouthsikhsabha.org

  2. Need / Initial Assumptions • Down payment, (Approx $112,000+ available) • Regular Monthly / Annual Income • Loan Surety, (Up to individual limits)

  3. Our Task / Mission • To fulfill the dream of having our own Physical identify in the Greater Memphis Area • To bring subjectivity to the process • Folks are not starting the gurdwara • Folks don’t listen to me • No one hears our opinion • Only set folks make the decision

  4. Target Audience • Sikh Sangat members from Greater Memphis, Jackson, Dyersburg, TN • Sikh Sangat members from Tupelo, MS • Sikh Sangat members from Jonesboro, AR • Punjabi Community members from Greater Memphis • Sindhi Community from Greater Memphis • Indian Community at large from Greater Memphis • Sikh Sangat and Gurdwara contacts from other states

  5. Method • To have a One-on-One contact • Explain the reason of fund raising • Questions regarding gurdwara build process • Feedback (if any)

  6. Contacted Sikh Sangat members from Greater Memphis, Jackson, Dyersburg, TN Sikh Sangat members from Tupelo, MS Sikh Sangat members from Jonesboro, AR Sikh gurdwara contact from Jackson, MS Punjabi Cultural President, Chicago, Mohinderjit Singh Saini from Bulk Petroleum President, Darshan Singh Dhaliwal Not-Contacted or In- Complete Punjabi members from Greater Memphis (in-complete) Sindhi Community from Greater Memphis (in-complete) Indian Community at large from Greater Memphis (in-complete) What has been done

  7. Other Forms of Contact • Web Site • Email • Targeted Mailing (Partially Complete)

  8. Our Result (In a Nutshell) • Annual Pledges :- $49,560 23% increase from 2006 number of $40,000 • Annual Surety :- $321,000 No surety in 2006

  9. Donor Profile • Trustees Nominated :- 2 new • Surety Donors • $100,000 and above 1 • $50,000 and above 1 • $20,000 and above 1 • $15,000 and above 1 • $10,000 and above 12 • $5,000 and above 3

  10. Validating Surety

  11. Our Affordability • $321,000 (Surety) + $110,000 (Bank) = $431,000 • 10% Positive Variance • Gupt Daan • Other Community members Not Contacted • Range ($431,000 - $470,000)

  12. Bank Loan Affordability

  13. Gurdwara Financials

  14. Bank Points • Resolution from Not-For-Profit Board Meeting • Nominate a person or two to sign on the loan • Bank will underwrite the loan as a SBA loan

  15. Feedback

  16. Feedback Received

  17. Question

  18. Explaining Surety • What is a Surety ? It is personal commitment to loan over a certain period of time if the Gurdwara defaults • Examples from New Jersey gurdwara and Oakbrook, IL. gurdwara • Gives a Gut Feel reality check how much we can stretch ourselves • Gives individual sangat members a say in the gurdwara

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