TRUE LOVING IS NOT A PASSIVE 'TAKING' BUT A DYNAMIC 'GIVING'.
U.S. Tax ID/EIN: 36-3543727 Chinmaya Mission Chicago - Yamunotri 30877 N Fairfield Rd Grayslake, IL 60030 OR Click Here for One Time Secure Online Donation
Sangam Fund comprises of Zero Interest Loans given by any participant to Chinmaya Mission Chicago for a period of 3 or more years.
Each loan amount will be used exclusively to pay our existing mortgage and reduce interest cost.
Our existing mortgage is $2.8 million. If left for full 25 years, interest will be over $1.6 million. This program will substantially reduce or even eliminate this expense.
We estimate that the after tax cost (or lost opportunity to earn interest) to a donor will be quite low i.e. For every $5,000 loan cost will be $35/year-$105/year (based on 1%-3% interest & 30% tax)
In an emergency situation (submitted in a written request), we will do our best in repaying the loan before the term.
The loans are secured by the existing assets of CMC.
NAME | PHONE |
---|---|
Ashok Bhatia | ![]() |
Rajul Bhalala | ![]() |
Premal Joshipura | ![]() |
Ujjwal Mehta | ![]() |
Ananda Fund is a monthly recurring automatic withdrawal from a donors bank account as authorized by the donor or a lumpsum amount bi-annually or annually.
It can be any amount from $50 to $1,000 in the increments of $50
Mainly this fund would be used for monthly maintenance,which includes mortgage payment, utilities and other monthly payments
It will be approximately $20,000 per month.
We have 59 families at present donating $5,150 per month
Our goal is to enroll about 150 families with the potential collection of about $20,000 per month
One can enroll by filling out the appropriate pledge form and handing it to a volunteer. For more questions contact one of the volunteers listed in the table below.
Yes.Please consult your tax consultant for further information.
NAME | PHONE |
Ashok Bhatia | ![]() |
Rajul Bhalala | ![]() |
Premal Joshipura | ![]() |
Ashish Kathuria | ![]() |
Pankaj Khanna | ![]() |
Ujjwal Mehta | ![]() |