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Frontline News

2022: A Financial Overview

Celebration—Members of Florida Everglades Region celebrate the grand opening of the new Florida Everglades Buddhist Center in Fort Lauderdale, Fla., Nov. 7, 2021. Photo by Mary D'Elia.

by Erica Kondo
Assistant Chief Financial Officer

On behalf of the SGI-USA, I would like to sincerely thank you for your heartfelt financial offerings to support the organization. Because of your unwavering support, we have continued expanding our kosen-rufu movement in America, as well as in the Caribbean and Guam, amid the global pandemic. 

In 2021, members’ financial contributions accounted for 89% of the SGI-USA’s yearly operating budget. Consequently, the May Commemorative Contribution activity continues to be a critical component in our efforts to advance kosen-rufu and support our members’ practice.

Here are ways in which contributions have been used to support the organization and its members and guests last year:

Operating and Capital Expenses in 2021

A. CAPITAL EXPENSES AND FACILITIES MAINTENANCE: Members’ contributions supported the operations and maintenance of our SGI-USA Buddhist centers and facilities. In addition, we opened new centers in Detroit; Seattle; El Monte, California; Santa Monica, California; Ft. Lauderdale, Florida; and Jacksonville, Florida!

B. PROGRAMS AND ACTIVITIES: These included support for our social media outreach program (such as Buddhability), SGI-USA Zoom accounts, nationwide virtual conferences and webinars, the SGI-USA study department, our community relations work and other projects.

C. PUBLICATIONS AND BOOKSTORES: Production and operational expenses related to the World Tribune, Living Buddhism and our bookstores. (The SGI-USA is committed to offering publications and books at the most affordable rate possible, charging only to cover expenses).

D. GENERAL AND ADMINISTRATIVE: Purchases of equipment and supplies, payment for professional services and staff compensation. 

E. FUNDRAISING: Preparations and mailing of letters and contributor gifts, administrative expenses and other projects.  

Primary Sources of Yearly Operating Funds

MAY CONTRIBUTIONS: Over 62% of members’ financial contributions are received during the annual May Contribution activity, making it a vital source of support to advance our movement. 

SUSTAINING CONTRIBUTIONS: Members make monthly or quarterly contributions via automatic credit or debit card deductions to support kosen-rufu throughout the year. 

OTHER REVENUES: Subscriptions, bookstore sales, general contributions and investment income. However, substantial expenses are associated with several of those categories. (Estate gifts are contributed to the Millennium Fund, created to support the long-term future of kosen-rufu in America.)

SGI-USA Structure

The SGI-USA is an independent, religious nonprofit organization, registered under Section 501(c)3 of the Internal Revenue Code. As such, all contributions are tax-
deductible to the donor, as allowed by law.

Oversight Practices 

The SGI-USA Board of Directors oversees operations and reviews financial statements. The 13 board members bring a variety of professional expertise to their responsibilities. The SGI-USA also undergoes a yearly independent audit of its business affairs to affirm that secure procedures are protecting and accurately accounting for members’ contributions. Our auditor is Moss Adams LLP, a leading accounting and auditing firm. For more information, visit

Thank you again for your heartfelt support to advance kosen-rufu in America, the Caribbean and Guam, by dashing forward with the heart of a lion king!

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