Khyentse Foundation

What it reported doing in 2024

Translations: to translate the buddha's teachings into the world's major modern languages, thereby making them available free of charge to everyone who wishes to use them for study and practice. Kf initiates, develops, and supports a number of ongoing and constantly evolving programs to carry out that mission by collaborating with other organizations and individual translators who share our aspiration. Kf now funds the translation and dissemination of buddhist texts in polish, ukrainian, and mongolian, among many other languages.to maintain the heritage of academic excellence in higher buddhist studies in traditional buddhist shedras (monastic universities), and to provide qualified buddhist scholars and teachers to serve the world, the foundaiton supports a series of monastic colleges in china, india and bhutan.scholarships: to provide funding that enables students worldwide to pursue their study and practice of the buddhadharma, ensuring it is available to all those who seek it. Scholarships are awarded on merit and need, regardless of nationality, ethnic origin or cultural background. Revitalizing buddhist heritage: supporting buddhist education in traditionally buddhist countries such as india, china, and countries in southe east asia which is essential to ensure the survival of different buddhist schools and lineages and the longevity of the buddha's teachings.includes support for training and developement of buddhist leaders, and various special grants.

Financial Efficiency

• Mission deployment rate: 100%; rating input score 100
• Program expense ratio: 93.2%; rating input score 93
• Fundraising efficiency: $128.62 raised per $1 spent on fundraising; rating input score 89; 89th percentile among comparable filings

Transparency & Controls

• Consistency checks: 92.3%; rating input score 92; 10th percentile among comparable filings
• Pay-setting controls: Limited
• Foreign activity oversight: 3 of 8 controls in place; rating input score 38
  • Claims monitoring procedures: Pass
  • Requires narrative reports: Fail
  • Conducts field audits: Fail
  • May suspend future funding: Fail
  • Requires financial reports: Fail
  • Conducts site visits: Pass
  • Requires grant agreements: Pass
  • May require repayment: Fail
• Grant itemization coverage: 86.4%; rating input score 86; 24th percentile among comparable filings
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Limited

Accountability

• Independent voting board: 92.9%; rating input score 93; 23rd percentile among comparable filings
• Governance controls: 6 of 8 controls in place; rating input score 75
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Fail
  • Document-retention policy: Pass
  • CEO compensation review process: NotApplicable
  • Other executive compensation review process: Pass
  • Form 990 shared with the board: Fail
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: -33.2%; rating input score 4; 4th percentile among comparable filings
• Total-asset coverage ratio: 7.25; rating input score 88; 88th percentile among comparable filings
• Liabilities to assets ratio: 0; rating input score 94; 94th percentile among comparable filings
• Officer compensation ratio: 2.1%; rating input score 75; 75th percentile among comparable filings

Growth

• Program expense growth: 10.1% per year; rating input score 100; 64th percentile among comparable filings
• Revenue growth: 1.5% per year; rating input score 100; 18th percentile among comparable filings
• Asset growth: 10.2% per year; rating input score 100; 59th percentile among comparable filings