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The Rajah Endowment Fund was the brainchild of Arthur L.
Bustard, PP and was established on December 7, 1982 initiated by his personal
donation. Its original intent was to provide funds to maintain the
Rajah Temple building on North 6th Street in Reading, but it also provided for
possible future changes to our location and facilities. The document in
part reads "....... or for use in the preservation, improvement, operation and
maintenance of any replacement Temple facilities".
The Endowment Fund provides for use of the annual income earned on
the principal to cover those categories mentioned above subject to a
majority vote by the Rajah Governing Board and a majority vote of
approval by the Past Potentates of the Cabiri. That income may
not be used for routine budget items. Any income not used for
a given year is applied to the principal. Use of funds from
the principal for any purpose also requires a majority vote by the
Rajah Governing Board and a majority vote of approval by the Cabiri.
Other conditions may apply for use of the
principal and those conditions are at the discretion of the Cabiri.
Over the years, individuals, Clubs and Units have contributed to the fund.
The following list shows what the Endowment Fund has provided for Rajah. |
|
DATE |
PURPOSE |
AMOUNT |
|
1998 |
Repair plaster ceiling -
Rajah Shrine auditorium - North 6th Street |
$6,901.88 |
|
1999 |
Mortgage money loaned to
Rajah
from the Endowment Fund |
$190,000.00 |
|
2002 |
Roof, windows and floors
replacement to preserve former orchard building |
$110,693.29 |
|
2005 |
Re-point
stone masonry on the Administration Building |
$13,716.00 |
|
2006 |
Repair windows in Rajah
office building |
$425.00 |
|
2006 |
Water treatment system for
multi-purpose building |
$4,276.68 |
|
2006 |
Repair & relocate sewage
lines for apartment/garage building |
$10,528.00 |
|
2007 |
Asphalt wearing course on driveway and lower
parking area |
$18,250.00 |
|
2008 |
Asphalt wearing course on
two parking lots - add walkway & one driveway |
$29,925.00 |
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Total disbursements NOT
including the mortgage loan |
$194,715.85 |
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