2017 Year End Report

Total donations received in 2017 were approximately $54,000. Due to the anticipated consecration of the Surmang shedra in 2018, a major push was made in 2017, and will continue in 2018, for final completion of that building complex. Some funds were still available from donations over the prior two years, making it possible to expend approximately $109,000 for the year. About three-fourths of expenses for the year went to the shedra building project. Continuing support was provided in 2017 for the children’s educational program at Surmang. Modest support was provided for nuns and monks at Surmang and for living expenses for the abbot of Surmang, Choseng Trungpa XII Rinpoche. Konchok Foundation continues to operate with volunteers rather than paid staff. As a result, program expenses in Tibet represented about 95% of total expenditures and overhead expenses in North America represented about 5% of total expenditures.