Alpujarra Subud group 2020, Spain, photo courtesy Maria Gabriela Assis Camillo
ANNUAL REPORT 2019 WELCOME Contents
03 | Chairperson Message
04 | Grants
09 | Liaison Program
11 | Financial Report
15 | Donations & Bequests
16 | Who We Are
Photos from top to bottom: 1. Bapak's mausoleum visit, Sukamulya, Indonesia, October 2019, photo courtesy MSF team 2. International Helpers visiting Subud Manchester UK Gathering, March 2019, photo courtesy Valentin Pizzi. 3. Port Elizabeth, South Africa, April 2020, I Protect me, a SDIA supported project, photo courtesy I Protect Me team.
ANNUAL REPORT 2019 2 Chairperson Message
Dear Brothers and Sisters, return of MSF’s portfolio from 6.5% to 4.5%.
I am pleased to present the This significantly decreased the grant funds annual report of the budgeted for 2020 and forecast for 2021 for Subud Muhammad Subuh Foundation houses, International Helpers travel, and the Subud for 2019, a year that brought Archives. However, it will better maintain and operational improvement amid protect MSF’s principal funds for the future. financial challenges, both of which have continued well into MSF, on its commitment to improving 2020 with a global health and transparency and communication with Subud economic crisis that shows few members around the world, has taken some actions and has placed all its meeting minutes signs of abating. online and has started to live stream all its It has long been a goal of MSF to enhance its regular board meetings on YouTube. collaboration and coordination with the World Subud Association (WSA). MSF’s annual meeting The Board of Trustees and staff of the Muhammad was held in October in Wisma Subud, Cilandak, Subuh Foundation are deeply grateful to individuals Indonesia concurrently with the annual meeting of who donated or left bequests to the foundation in the World Subud Council (WSC). While there, efforts the past year and always, helping to keep Bapak’s by both entities to achieve a common goal - a more mission alive. harmonious and productive relationship - were fulfilled. WSA Board of Directors and MSF approved It has been a time of incredible difficulty worldwide, a realistic budget for 2020; created a joint Trustee but we are inspired and grateful to see Subud Selection Committee charged to evaluate members rising to the challenge, finding new ways candidates to fill the vacancies on the MSF Board of to practice our Latihans in a safe and distanced way, Trustees in 2020; and debated the path of MSF and and in adapting to the new safety requirements. WSA as they navigate a global economy that was Subud members do not seem to be at all veering toward recession even before the Covid-19 relinquishing the wish to find expression of the pandemic hit. Latihan in their local communities and the world.
The growth of the Net Assets for the fiscal year 2019 We join Subud members around the world, so that was 6,4% and MSF was able to provide grants together we can work to fulfill Bapak’s wish that totaling USD 128,333 for Subud houses, International Subud and the Latihan Kejiwaan be a force for good Helpers travel and WSA Archives, the main pillars of for all of humankind. MSF’s mission. In addition, MSF awarded funding from the Farkas Endowment to the Susila Dharma- With love and respect, from the entire MSF team, supported project, “I Protect Me,” based in Port Elizabeth, South Africa. “I Protect Me” offers resilience and self-defense training to children under age eleven in after-school programs.
Leading up to the annual meeting in Wisma Subud, MSF Trustees assessed the long-term capacity for growth, given the Foundation has been receiving Mauricio Castillo few bequests and donations. During the meeting, Chairperson 2018-2022 Trustees presented a 10-year spending and incomes projection that revealed that under the scenario where projected interest rates stay low - which leads to a decrease in dividends - and the current Grant Policy is maintained, the growth of the Foundation’s capital would be impacted. This financial reality led to decrease the 10-year target ANNUAL REPORT 2019
3 Grants
During the past year the Board of Trustees has undertaken a series of major steps in further efforts to strengthen the management of our grants program as a primary goal.
The Trustees reviewed the grant process for Subud houses, capital improvements and projects meticulously with the intention of supporting applications with more detailed project planning, considering the sustainability of their Subud houses, and when possible, implementing productive projects in accordance with their property potential. Current limitations regarding increasing MSF financial resources have forced the Trustees to implement a more prudent use of existing assets.
Salamatan, Alpujarra Subud group, January 2020, photo courtesy Michael Alexander
ANNUAL REPORT 2019 4 Subud Houses
53 Subud Houses around the world that have received grants since 1991
Europe 9
Spain Germany Órgiva Munich Asia 12 Bosnia Indonesia France Thailand Banja Luka Mayenne North America 6 Bangkok MSC, Rungan Sari Ukraine United Kingdom Palangkaraya Cherkasy Malaysia Adi Puri Lewes Kuala Lumpur United States Dnipro Bogor Durham Portugal Menteng, Jakarta Portland Italy Lisbon Malang Seattle Florence Kulon Progo Sonoma Purwokerto Spokane Wisma Subud, Cilandak Washington DC Surabaya
Germany Ukraine United Kingdom France Bosnia Portugal Spain United States Italy Lebanon
Mexico
Central Colombia Thailand America Nigeria Ecuador Suriname Malaysia Indonesia 2 Peru Middle Brazil DR Congo Mexico East Puebla 1 Tlaxcala Chile Lebanon Argentina Beirut South Africa Australia South America Africa 14 7 Oceania 2 Australia DR Congo Chile Canberra Colombia Providencia, Matadi Perth Amanecer Santiago Kinshasa Cali La Florida, San- Kingantoko Bogota tiago Popayán Armenia South Africa Brazil Istmina Johannesburgh Sao Paulo Cape Town Ecuador Argentina Quevedo Nigeria Mina Clavero Quito Calabar Suriname Lagos Peru Accaribo Lima
ANNUAL REPORT 2019 5 Alpujarra Subud Center
GRANT AWARDED USD 17,316 To purchase land adjacent to the Subud house which would allow a Conference space.
When opportunity and decision come together, by Raymond Aitken, Subud Alpujarra Chair.
What is the purpose of the purchase?
This purchase will now allow us to move forward and apply for the hall to be designated as a place where public events can legally take place and where we can have proper insurance for those events, and not least of all be able to have municipal water. The purchase also gives us authority over the Southland itself, allowing us to choose what goes on there and how it is developed.
How the purchase of the land has renewed dynamism in the group?
Already, since the purchase of the land, the Group has experienced a renewed dynamism, and a corresponding influx of new members and applicants. Mem- bers are brainstorming about what we could do with this new plot of land. One idea that is attracting a lot of enthusiasm, is to convert a small agricultural buil- ding on this land for the provision of camping/yurt facilities; such as a kitchen, toilets, showers, laundrette, valuables and equipment storage.
However, our application for the Subud Centre to be designated as a venue for public events is likely to take 18 months to complete. During this time we cannot take any practical initiatives that could be considered by the authorities to be outside the scope of our present legal designation.
ANNUAL REPORT 2019 6 Subud Portland
GRANT AWARDED USD 8,000 Capital improvement partial replacement of the Subud house roof.
Subud Portland house, photo courtesy Subud Portland group
MSF supported part of the cost of the project that complemented funds collected by the group. Subud Portland is currently using their premises to generate income for the maintenance and sustainability of the group.
ANNUAL REPORT 2019 7 Grants to WSA and Projects
USD 62,000 INTERNATIONAL HELPERS TRAVEL
One of the main objectives of MSF is to support the travel of the International Helpers around the world. The 18 International Helpers travel to work alongside with national, regional and local Helpers, supporting the kejiwaan needs of the members. The grant was transferred to the WSA budget.
International Helpers visiting Subud group Capetown, South Africa Gathering, January 2020, photo courtesy Valentin Pizzi.
USD 33,896 WSA ARCHIVES PRESERVATION
Many Subud members around the world have supported the preservation of Bapak's and Ibu Rahayu's talks through donations to MSF earmarked for Archives preservation. The grant was transferred to the WSA budget. Suyono Sumohadiwidjojo, WSA Executive Chair and Amalijah Tompson, WSA archives team, photo courtesy Suyono Sumohadiwidjojo
USD 4,600 Project Awarded: I Protect Me From Farkas Fund “I Protect Me,” a Susila Dharma supported project based in Port Elizabeth, South Africa. “I Protect Me” offers resilience and self-defense training to children under age 11 in after-school programs.
Port Elizabeth, South Africa, April 2020, I Protect me, a SDIA supported project, photo courtesy I Protect Me team
ANNUAL REPORT 2019 8 Liaison Program
MSF Liaison Reflections build trust between members and MSF. Members Sandra Egege, Australia have to trust me and what I say.
While reflecting on my role Of course, to build trust you have to trust yourself. As as an MSF Liaison and MSF liaisons, we need to have trust in MSF and its thinking about what staff. We are fortunate that the new MSF team, I wanted to say in this chaired by Mauricio Castillo, believes it is essential to report, I realised I had been have a strong and trusting relationship with their on a personal journey; that liaisons, and they have been more than willing to where I was and where work with us to build that relationship. Mauricio is I am now are not the same place. This was a journey very open and transparent about MSF and about trust. Let me explain. In examining my role as encourages us to ask questions and raise any an MSF liaison, I began to see parallels between matters of concern we have. And to really facilitate that role and my role as the Subud Australia this process, he has introduced regular zoom Property Coordinator. As property coordinator, meetings for the liaison group. This means we were I have been involved in helping to establish a able to ‘meet’ each other, share experiences, come Subud property network in Australia. The idea is to up with ideas for better communication and ask share useful information and see if we can find questions to clarify points that members had raised ways to utilise our properties as joint assets to help before, and get real-time feedback. I cannot stress other groups purchase a property. It became clear the importance of these meetings enough; I found that such a project could only operate effectively if them invaluable. One outcome is we now have a there were trust – trust in the vision, trust in the great power-point presentation which is simple and organisation and trust in the people within the informative, and will be easy to update. I have also organisation to make it happen (and manage it had the opportunity to discuss and resolve issues properly). I realised very quickly that a big part of that were relevant just to our Australian context. This my role, of what I had to do, was to help build that has helped enormously with my understanding of trust. Not always an easy task and, as you can the way MSF operates. More importantly, it has imagine, very much an ongoing project! increased my own trust in MSF, a journey I didn’t know I needed to take! As MSF liaison, I began to realise that the same was true for MSF. For it to function as Varindra envisioned, we as Subud members have to trust in that vision. We also have to trust the organisation and the appointed Trustees, Board members and staff to carry out that role as intended. I soon realised that a big part of my role as liaison was, and is, to help build that trust. If we as Subud members trust MSF, we will support its vision and contribute as we can to enable it to fulfil its function for the future of Subud. When I am giving MSF presentations at Congress, I am representing MSF. This means it is important that I not only have all the latest information but that I am able to answer members’ questions, whatever they might be, and allay any concerns they might have. I have to be clear, open and transparent. This is how I can help Sandra Egege presenting at the 2020 Subud Australia National Congress, in Curramundi, photo courtesy Sandra Egege ANNUAL REPORT 2019 9 I was able to ‘test run’ the new ppt presentation, important to preserve them, which was a nice along with the MSF video for those who hadn’t prelude to the MSF discussion. We were also seen it before at the recent Subud fortunate to have WSA Chair Nahum and Zone 3 Australia Congress in January, where I ran an MSF representative Hannah de Roo at the Congress who workshop for about 30 people. MSF is well-known also attended the presentation. Members in in Australia and members are generally Australia have always supported the idea of MSF but well-informed about its role. However, they are they are now developing a much better always seeking clarification about its current understanding of MSF governance and the way it policies and decision-making processes, how much operates financially. This can only help increase the very open and transparent about MSF and money is allocated and its investment plan (what I trust between members and the organisation that is encourages us to ask questions and raise any see as trust issues). Because of the presentation so important to have. I’d like to thank Mauricio and and discussions I had had with Mauricio prior to his team for their efforts in increasing transparency Congress, I was confident that I could address any and trust in MSF, and making the liaisons feel an queries that arose. At a previous session in the integral part of the Foundation. I look forward to morning, we had already had a discussion about having another positive year as a liaison. WSA, funding the archives and why it was so
Liaisons around the world
Mariamah Flores Paloma de la Viña Arnaud Delune Levana Fraval Lachlan Hunter Mexico City, Liaison with Madrid, Liaison with France, Liaison with Los Angeles, Liaison with Christchurch, Liaison with Subud Mexico Subud Spain Subud Congo Subud USA [West Coast] Subud New Zealand
Renata Dunn Sandra Egege Sjarifah Roberts Murtado Bustillo Ramonde Zrihen Vancouver, Liaison with Adelaide, Liaison with Scotland, Liaison with Durham, Liaison with Tel Aviv, Liaison with Subud Canada Subud Australia Subud UK Subud USA [East Coast] Subud Israel
ANNUAL REPORT 2019 10 build trust between members and MSF. Members have to trust me and what I say.
Of course, to build trust you have to trust yourself. As MSF liaisons, we need to have trust in MSF and its staff. We are fortunate that the new MSF team, chaired by Mauricio Castillo, believes it is essential to have a strong and trusting relationship with their liaisons, and they have been more than willing to work with us to build that relationship. Mauricio is very open and transparent about MSF and encourages us to ask questions and raise any matters of concern we have. And to really facilitate this process, he has introduced regular zoom meetings for the liaison group. This means we were able to ‘meet’ each other, share experiences, come up with ideas for better communication and ask questions to clarify points that members had raised before, and get real-time feedback. I cannot stress the importance of these meetings enough; I found them invaluable. One outcome is we now have a great power-point presentation which is simple and informative, and will be easy to update. I have also had the opportunity to discuss and resolve issues that were relevant just to our Australian context. This has helped enormously with my understanding of the way MSF operates. More importantly, it has increased my own trust in MSF, a journey I didn’t know I needed to take!
Financial Report
Annual audit account with full details are available online here.
2019 proved to be a very volatile year for investments but the Muhammad Subud Foundation’s conservative long-term investment policy was able to ensure a growth in its portfolio ahead of its 10 year average. This is excluding the Asiamet Resources Ltd shares that are all in the General Fund and whose share price continued to move very erratically.
Due to the medium/long term economic forecasts the Trustees decided to lower the 10 year average investment growth forecast from 6.5% pa to 4.5%. This has resulted in the budgets for 2020 onwards being lowered for annual grants and projected expenses.
Statement of Financial Position Note: All figures are in USD
ASSETSASSETS 2019 2018
Cash 330,763330,763330,763330,763 377,601377,601377,601377,601 Accounts Receivable & Prepayments 000 2,8002,8002,8002,800
Investments 3,3,574,213574,2133,574,2133,574,213 3,267,9213,267,9213,267,9213,267,921 Notes Receivable from Subud Organisations 102,000102,000102,000102,000 111,025111,025111,025111,025 Land and Buildings Net of Accumulated Depreciation 93,89793,89793,89793,897 99,37299,37299,37299,372
Total Assets 4,100,8734,100,8734,100,8734,100,873 3,858,7193,858,7193,858,7193,858,719
LIABILITIES
Euro Loan 76,33076,33076,33076,330 77,73477,73477,73477,734 Accounts Payable 52,18452,18452,18452,184 48,57048,57048,57048,570
Total Liabilities 128,514128,514128,514128,514 126,304126,304126,304126,304
Total Net Assets 3,972,3593,972,3593,972,3593,972,359 3,732,4153,732,4153,732,4153,732,415
FUNDSFUNDS
Unrestricted - General Fund 2,232,8312,232,8312,232,8312,232,831 2,195,6752,195,6752,195,6752,195,675 Total Unrestricted Net Assets 2,232,8312,232,8312,232,8312,232,831 2,195,6752,195,6752,195,6752,195,675
Temporarily Restricted 154,452154,452154,452154,452 -5,705-5,705-5,705-5,705 Permanently Restricted - Permanent Capital Fund 1,585,0761,585,0761,585,0761,585,076 1,542,4451,542,4451,542,4451,542,445
Total Funds 3,972,3593,972,3593,972,3593,972,359 3,732,4153,732,4153,732,4153,732,415
ANNUAL REPORT 2019 11 Statement of Activities and Change in Net Assets. Note: All figures are in USD Unrestricted Temporarily Permanently Total Total Restricted Restricted SUPPORT AND REVENUE 2019 2019 2019 2019 2018
Contribution from Subud Members 41,921 66114 0 4422,535 69,66222 Dividends & Interest 47,721 4466,014 0 9933,735 11220,448 Realized gains -7,389 -6,246 0 -1133,635 276,561 Unrealized gains/losses net 118,659 22228,479 0 33447,11338 -1,149,204 Gains on Foreign Currency exchange rates 418 171 0 589 -33663 Management Fee 18,691 -17,44556 0 1,235 0
Net Assets Released from Restrictions 48,787 -48,787 0 0 0
Total Support and Revenue 268,808 202,789 00 471,597 -682,936
EXPENSES
Grants for Subud Houses 2255,316 0 0 2255,316 5533,980 Grants for World Subud Association 95,896 0 0 9955,896 11133,028 Grants Other 7,121 0 0 7,121 8,22660 Amanecer property costs 0 0 0 0 3333,00000 Depreciation Expenses on Long Term Assets 5,475 0 0 5,475 5,475
Total Program Expenses 133.808 00 00 133,808 213,743
Management and General 97,844 0 0 97,844 161,874 Total Expenses 231,652 00 00 231,652 375,617
Change in Net Assets 37,156 202,789 0 239,945 -1,058,553 Net Assets Beginning of Period 2,195,674 -5,705 1.542.445 3,732,414 4,790,968 Transfer - Inflation uplift 0 -42,631 42.631 0 0 Net Assets End of Period 2,232,830 154,453 1.585.076 3,972,359 3,732,415
Ten Year Trends
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
Gifts 255,650 15,993 88,680 329,719 760,370 635,716 177,617 74,115 69,622 42,535 Grants 184,199 105,027 92,300 90,000 173,102 377,083 229,350 184,284 208,268 128,333 Assets 3,812,493 3,422,623 3,350,033 3,490,029 3,852,545 3,988,262 3,987,935 4,970,545 3,858,719 4,100,873
ANNUAL REPORT 2019 12 Support & Revenue
Realized & Unrealized gains 70.7% USD 333,503
Management Fee USD 1,824 19.9%
Contribution from Subud members 9% USD 42,535
Dividends and interest 0.3% USD 93,735 TOTAL USD 471,597
Total Expenses
Grants for Subud Houses 2% 1.1% 2.4% USD 25,316
Grants for WSA USD 95,896
Grants for projects USD 4,600 41.4%
Grants for Subud Australia 42.2% USD 2,521
Depreciation Expenses on Long Term Assets 10.9% USD 5,475
Management and General USD 97,844 TOTAL USD 231,652
ANNUAL REPORT 2019 13 Grant and Management Expenses
2018 2019
USD 250,000 USD 208,268
USD 200,000 USD 161,874 USD 128,333 USD 150,000 USD 97,844 USD 100,000
USD 50,000
USD 0
Grants Management Expenses
Assets Growth
USD 5,000,000
USD 4,000,000
USD 3,000,000
USD 2,000,000
USD 1,000,000
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
ANNUAL REPORT 2019 14 Donations and Bequests
“In 1966 Varindra Vittachi, founder of Muhammad Subuh Foundation, had a dream in which he saw a big building with a marble facade named Muhammad Subuh Foundation. He walked into the building which seemed to be a bank piled high with papers, but when he took one of the documents then he realised it was not money but a bank of Wills and Testaments in which Subud members had willed a portion of their assets as bequests to the Brotherhood.”. Later on, Bapak confirmed his dream. In 1991 the Muhammad Subuh Foundation was founded.” Extract from interview to Nuri Vittachi, Varindra's Vittachi son, MSF official video.
Varindra Vittachi, Founder of Muhammad Subuh Foundation, in Germany, MSF archives, photo courtesy MSF team.
MSF Donors 2019 Joseph (Peter) Filipelli USA Subud Canada Canada Chris Neff USA John Dixon UK David McCormack USA Levana Fraval USA Joerge Valentin Willeke Germany Hardwin Blanchard USA Harry Norman UK Muctar Nankivell UK Lydia Farrand USA Lucian Parshall USA Helen Elaina Dodson USA Richard Dodson USA Suzanne Renna USA Subud Boston USA
ANNUAL REPORT 2019 15 “In 1966 Varindra Vitachi, founder of Muhammad Who we are Board of Trustees Subuh Foundation, had a dream in which he saw a big building with a marble facade named Muhammad Subuh Foundation. He walked into the building which seemed to be a bank piled high with papers, but when he took one of the documents then he realised it was not money but a bank of Wills and Testaments in which Subud members had willed a portion of their assets as bequests to the Brotherhood.”. Later on, Bapak confirmed his dream. In 1991 the Muhammad Mauricio Castillo Lucian Parshall Federica Pulido Uraidah Arratia Marston Gregory Subuh Foundation was founded.” Chairperson Trustee & Trustee Trustee Trustee 2018 - 2022 Corporate Secretary 2018 - 2022 2018 - 2022 2018 - 2022 (Chile) 2018-2022 (Colombia) (Dubai) (USA) (USA)
Michael Heathcote Elaina Dodson Nahum Harlap Muchsin Silva Trustee & Treasurer Trustee Ex-officio Trustee Trustee 2016 - 2020 2016 - 2020 2018 - 2022 2016 - 2020 (UK) (USA) (Australia) (Colombia)
Administrative Staff Portfolio Manager
Renato Sotelo Amanda Rivera Elwyn Waugh Helene Jelman Executive Director Administrator Chartered Accountant Portfolio Manager (Chile) (UK) (Chile) (UK) Team in Colombia
Luqman Rivera Carlota Barney MSF Legal Representative Assistant in Amanecer in Colombia
ANNUAL REPORT 2019 16 Kejiwaan Support from the World Subud Association
Halinah Rizzo-Busack Suryadi Haryono Sumohadiwidjojo International Helper Liaison to MSF International Helper Liaison to MSF 2018-2022 2018-2022 (USA) (Indonesia)
Liaison with the Foundations (Yayasan) holding MSF assets in Indonesia
Hannah Baerveldt Olvia Reksodipoetro Liaison with Yayasan Subud Liaison with Yayasan Muhammad Subuh 2018-2022 2018-2022
Great Collaborators
Stuart Nauen Lydia Farrand Fatimah Bustillo Andrew Morgan Mariamah Flores Interpreter Recording Secretary Board Meeting Interpreter Web Designer Annual Report Design (Chile) (USA) (Rungan Sari/Kalimantan) (USA) (México)
ANNUAL REPORT 2019 17 ANNUAL REPORT 2019