Drepung Loseling Monastery, Inc.
 
 
Project Budget
The following budget includes the main facility and grounds for the center, as well as a suitable nearby residence for our monks and visiting teachers.

  Church property purchase (10,580 sq. ft. building on 0.8 acres)
$1,318,000
1 Loan interest on church property for one year
76,000
2 Purchase and build adjacent or nearby property for monks’ residence (4,000 sq. ft.)
650,000
  Development (architectural/engineering plans, permits, govt. fees & fundraising)
80,000
  Interior renovations
250,000
  Exterior renovations (building, roof, exterior paving, parking, meditation garden)
300,000
  Landscaping
20,000
  Artwork and decoration
60,000
3 Machinery and furnishing
75,000
  Audio/visual equipment, wiring and installation
40,000

 
Total Budget:  
$2,869,000
  Funds raised and allocated for project
( 136,000 )

 
Capital Needed:  
$2,733,000

 Notes:
1 A commercial loan for $990,000 at 7.75% (20 yrs. amortization) was taken for the purchase of the property. Also $300,000 of Mystical Arts of Tibet program revenue has been temporarily allocated toward the purchase of the property.
2 Current property sales in this neighborhood range from $250,000 to $1.6 million depending on the age, condition, and size for houses between 1,200 and 3,500 sq. ft. We hope to build a residence with sufficient bedrooms, bathrooms, and a commercially equipped kitchen to better accommodate our large number of monks and guests.
3 Many of the HVAC units are near the end of their useful life and will require replacement. New energy efficient units will provide long-term energy savings.
 


To make a donation, please visit our on-line donation form and select "Building Fund."
For more information on how to help through naming opportunities or large gifts,
such as stocks, property, or matching gifts, please contact our office directly at
(770)938-9709 or center@drepung.org