The fund is established through the Hindu Heritage Endowment Funds which were established in 1994 by Satguru Sivaya Subramuniyaswami (Gurudeva) as an instrument to permanently endow Hindu institutions so that no matter what the world’s economic condition, they will continue fulfilling their purpose.
The purpose of the funds is to strengthen Hindu religious and cultural traditions throughout the world with confidence that the funds will be responsibly overseen. By law, even the directors of HHE cannot remove or use the funds for anything other than the fund’s stated purpose. This guards against future generations changing the funds’ original intent and purpose.
Once contributions are put in an endowment fund, they cannot be removed or used for anything other than the fund’s stated purpose. A portion of the investment income is added to the principal, to keep up with inflation, and the balance is used for the project. Contributions are tax-deductible in the USA.