Maharishi Global Development Fund

The greatest portion of the funds daily focus is on the preservation of its resources for future educational grants and programs. Well over 97% of the funds resources are tied up in real property, the value of which has seriously declined due to economic conditions in the U.S. and the world at large. Therefore the majority of our efforts and expenses are in maintaining the diminishing value of our properties via property tax payments, repair and maintenance, debt service, security services, as we make an effort to sell the ones that are marketable.

The MAHARISHI GLOBAL DEVELOPMENT FUND (MGDF) Board of Directors, after due deliberation, decided to close the entity in 2016 and transfer all assets and liabilities to Brahmananda Saraswati Foundation (BSF), a U.S. based 501(c)(3) corporation with similar goals and programs that are closely aligned to MGDFs own corporate purposes. All assets and liabilities were disbursed to BSF by year-end. The distribution is the net value of all MGDF's assets and liabilities which BSF agreed to receive and to use accordingly based on similar goals and programs. The goals in principle are to make the scientifically based, educational programs of Transcendental Meditation, available to people in every country around the world.