OUR AIMS AND OBJECTIVES
FMVSO’s original mission was:
‘To help sustain, improve and expand the facilities of the school and orphanage'.
Now that other supporters from around the world are funding capital projects,
FMVSO sees REVENUE FUNDING as its priority
FMVSO is committed to:
feeding the Manjushree children
giving every the student the opportunity to go on to further education, either vocational or academic.
Lama Thupten describes FMVSO as “the backbone of Manjushree” and he knows he can rely on us for the consistent level of support which we have maintained over the last 11 years. Through the generosity of a growing number of donors, we are optimistic that we will be able to continue to support at the current level and hopefully to increase our contribution in line with inflation.
FMVSO does not do fund-raising events but raises money through personal promotion. Di Gallagher gives talks and presentations and has produced some films for promotional purposes. FMVSO are successfully working on links with schools and youth organisations.
A safe conduit for sending our contribution has been set up between our charity bank account and the Manjushree Foreign Currency Regulation Account with the State Bank of India in Tawang. We send quarterly transfers and receipt is acknowledged generally within a few days.
At the January 2009 FMVSO trustees meeting, the following reserves policy was agreed:
After each quarterly transfer to Manjushree, any excess funds remaining in the charity current account should be transferred into the charity savings account. The savings account will provide a buffer zone reserve fund to allow continuation of support at the current level even if our income decreases. The savings account also provides a means of accumulating a reserve fund, with interest, in case of urgent need at Manjushree.
The Charity Commission are in favour of charities having a reserve fund. Our policy is to even out peaks and troughs in funding to ensure a dependable flow of funds to MVSO.