Collection of Funds

[Guest guest]

Radha-vallabha: That's what I wanted to ask you about.

Prabhupada: Before investing money in anything, you should ask me.

Radha-vallabha: That was my question, that if a donation is given

specifically for that...

Prabhupada: The donation may be given. That...

Radha-vallabha: So then it's all right.

Prabhupada: It should be invested very conscientiously.

Radha-vallabha: Yes. The money will all come back too.

Tamala Krsna: The thing is, though, that when we get these donations, it's

because we suggest that they be invested in a particular way. The people

often state that. It's not that they're so dedicated to the particular way

we invest the money. I've seen that very often. It's due to our suggestion.

Radha-vallabha: In some cases, but in other cases it's not possible to get

money unless you... Like with the Laguna Beach people. Unless they know

exactly what it's going for, they won't give something. And this is the type

of thing that can inspire them to give a little money, especially the ones

that don't give anything. Anyway, even if a donation comes, I won't do

anything with it until I speak to you.

Prabhupada: No, donation may come for causes good, many, but investment must

be conscientious.

Radha-vallabha: So I'll save it until I speak to you.

Prabhupada: Not that because you are getting donation very easily and you

spend it, squander it, like that, anything. No. That should not be.

Room Conversation -- February 27, 1977, Mayapura

 

 

>From the ISKCON Law Book

------------------------

5.6.2.6.1.1 Receiving Restricted Donations

That as far as possible, donations to ISKCON should be accepted without any

conditions. However, donations ("Restricted Donations") may also be accepted

with limited conditions. ISKCON Leaders must use donations with conditions

in accordance with the agreed terms.(1993)

5.6.2.6.1.1.1 Acceptable Conditions

Acceptable Conditions are those which:

1. define a general category or use, such as deity worship, education,

construction, etc.

2. define a specific geographic location or project, or

3. give the donor a modest amount of recognition.

5.6.2.6.1.1.2 Unacceptable Conditions

Unacceptable conditions are those which:

1. give some right to the donor to reclaim part or all of the donation

in the future. All donations become ISKCON's inviolable property without any

possibility of alienation,

2. are vague or ambiguous, and thus risk future disputes over

interpretation,

3. in other ways risk future litigation or disputes, or which could

harm ISKCON's reputation, or

4. compromise ISKCON's right or ability to manage its assets in

accordance with Srila Prabhupada's instructions and ISKCON law.