Mohnish Pabrai

[John Hjorth]

3 hours ago, TB said:

... Dakshana has a Canada branch (https://www.charitydata.ca/charity/dakshana-canada/823439443RR0001/), and has some very wealthy people on its board. It is not clear if this is reported in the other Dakshana annual report. ...

 

@TB,

 

I personally feel confident, that Sanjeev  [ @Parsad ] is willing to explain and elaborate on the matter :

 

[Parsad]

On 1/4/2025 at 9:16 AM, John Hjorth said:

 

@TB,

 

I personally feel confident, that Sanjeev  [ @Parsad ] is willing to explain and elaborate on the matter :

 

 

Dakshana Canada was created to facilitate Prem's annual contribution each year from his foundation to Dakshana, as it is Canadian and the funds were in Canadian dollars. 

 

Tim, Francis and I have been directors since it was created...Monsoon joined a few years ago.  Cheers! 

[John Hjorth]

Thank you, Sanjeev [ @Parsad ],

 

So a 'flow-through' arrangement, the funds eventually ending in Dakshana Foundation.

[Parsad]

49 minutes ago, John Hjorth said:

Thank you, Sanjeev [ @Parsad ],

 

So a 'flow-through' arrangement, the funds eventually ending in Dakshana Foundation.

 

Yes.  The funds going into Dakshana Foundation in India had to come from a foundation/non-profit at the source of origin...so a Canadian arm of Dakshana.  Yes, it is all used in India.  Dakshana Canada has minimal costs other than an audit and minor legal fees...no staff, etc.  Cheers!

[TB]

18 hours ago, Parsad said:

 

Yes.  The funds going into Dakshana Foundation in India had to come from a foundation/non-profit at the source of origin...so a Canadian arm of Dakshana.  Yes, it is all used in India.  Dakshana Canada has minimal costs other than an audit and minor legal fees...no staff, etc.  Cheers!

Looks like there is compensation paid to one of the directors per perplexity.ai - "For the U.S. branch of the Dakshana Foundation, the most recent data shows that Monsoon Pabrai, a director, received $25,000 in compensation, while other key figures like Mohnish Pabrai (Chairman) and Fahad Missmar (CFO) received $0 compensation"

[Saluki]

1 hour ago, TB said:

Looks like there is compensation paid to one of the directors per perplexity.ai - "For the U.S. branch of the Dakshana Foundation, the most recent data shows that Monsoon Pabrai, a director, received $25,000 in compensation, while other key figures like Mohnish Pabrai (Chairman) and Fahad Missmar (CFO) received $0 compensation"

 

While being a director at a for profit company is a great gig, at a non profit it's usually not compensated, or a position given to large donors.  So it often pays far less than $0.  It depends, but $25k does not seem out of the question if you are asking them to travel to India or do other things that would require you to buy insurance so that you don't pay out of pocket if you get sued or investigated by the government.