With the 2020 Konkani Sammelan starting a year from now, the NAKA board would like to re-initiate the campaign for the Endowment fund .
NAKA Endowment is an ambitious project to raise $1 Million to be invested in broadly diversified index funds. 80% of the gains from such investments will be used to partially fund future Konkani Sammelan. 20% of the gain will be added as principal for future calculations. This will help to grow the principal and help inflation costs. NAKA Board needs our community support for NAKA Endowment Fund. We believe that if a large number of families join in this effort then we can be assured of financial viability of future Sammelans. You can consider this donation as a one time cost similar to your mortgage and if you spread it over 30 years then it amounts to less than $15 per month.
What is NAKA Endowment Fund:
How will this $250,000 be used:
Why should I contribute to NAKA Endowment Fund:
How much is expected from me, How much should I pay:
How can I pay into this fund and do I get a tax break: - Thanks for considering this fund in your donation plans. Since NAKA is a 501c(3) IRS-approved organization, you can claim suitable tax deductions. Please consult your tax advisor for your specific situation.
May I contribute if I cannot be at $2,500 level: