The World Buddha Foundation was formed and founded at the premises of Burmese Monasteries under the Chairmanship of Ven. Bhikshu Dr. Dhammawansa on 22^nd May 1976 at Bodhgaya, Bihar. The presence and with the blessing of the venerable Monks of the Buddhist Monasteries of Burma, Srilanka, Thailand, Japan, Tibet, Bhutan, Bangledesh, China, Taiwan, Korea, Mongolia, Vietnam, Nagpur, Darjeeling, Sikkim, Nepal, Tai Bodhikham, International Meditation Centre, Chakma Buddhist Monastry (Chittagaon) and Buddha Gaya Maha Bihar Main Temple of Lord Buddha.
The Foundation was duly registered by the Registrar of Ranchi on 26^th September 1978 under Indian Trust Act. 1882 vide Registration No. IV-217-78 for the following objectives and purpose:

Preamble

It is and will remain purely a non-profitable, philanthropic, charitable, academic, social, religious and autonomous organization of the people of Buddhist Faith, dedicated to the cause of Buddhism, for promotion and propagation of culture, philosophy and teaching of Lord Buddha in the world.
 

Objectives in Brief 

To achieve the said desire the Founder frames the following ways and means to use and execute the Foundation in the cause and also dedicate the Foundation to the following objective:-

• It shall be purely charitable, philanthropic, academic, cultural and religious organization of the people of Buddhist faith to serve. volunteer and help the people in distress, sufferers (of any type including natural calamities, riots and wars), handicapped, socially, educationally and economically-backward, sick and needy etc. without making any reservation, demarcation of any nature in the world.

• It will establish undertake, maintain, open and run centers to develop awareness in the members and the people towards the values and feeling of other people, living in any part of the world. It will also work for the welfare and upliftment of the Members and the people of Buddhist faith who may belong to any country.

• It will build, establish, undertake, maintain, open and run educational institutions, technical institutions, hospitals, adult education centers, dispensaries retiring centers, prayer halls, temples for the people of Buddhist faith and homes for homeless, sufferers, socially dropped out, deserted, unwanted-children, handicapped, aged, Bhikhus, Bhikhunies and devotees etc in the world.

• It will build, establish, undertake, maintain, open and run such industrial and manufacturing units where sufferers, handicapped, deserted, socially dropped outs, economically backward, unwanted and orphan children and aged can work without being a burden on others. However, these units will never run with the motive to earn profit but will run for the moral satisfaction of these people and savings if any comes from these units the same will go to the Foundation fund for extension of services further.

• It will do and take-up such work, programmes or to convene meetings, seminars, conferences etc by which peace and awareness in the world can be brought and maintained.

• It will organize and run programmes which will inculcate the habit of restraint, adjustment, peaceful co-existence living, tolerance, non-violence, brotherhood feelings among the Members and the people of the world.

• It will train and prepare the devotees and volunteers so that they could go in the vast field of the world to make the people acquainted with the teachings, philosophy and the way of living of Lord Buddha.

• It will seek and accept donations, grants, offerings, voluntary services of the devotees Members, subscription contribution and may seek and negotiate to get loan from the financial institutions, banks, individuals and deal with the same for the objectives and programmes of the Foundation.

• It will invest, own, possess, dispose off, transfer, enter into agreement, contract and otherwise deal with the regular business subject matter, funds, resources, assets of the Foundation in such manner as the Board of Trustees will deem fit and proper in running and managing the affairs of the Foundation.

• It will undertake and organize other programmes supplementary to the objectives of the Foundation or as decided by the Board of Trustees.

• It will constitute, observe and follow its own Constitution and Bye-laws framed or to be framed by the Board of Trustees time to time for managing and executing its policy, programme and administration for smooth running and functioning of all the establishments and units of the Foundation.

• Where constitution and Bye-laws of the Foundation will be found exhausted the Indian Trust’s Act-1882 will be referred for any legal and practical guidance or the opinion of the District Judge of Gaya or Ranchi may be seeked

LIST OF THE TRUSTEES (AT THE TIME OF FORMATION

• Ven. Bhikshu Dr. Dhammawansa – Head Monk, Tai Bodhikham, Bodh Gaya, Bihar

• Dr. Artsa Tulku – Magadh University, Bodh Gaya, Bihar.

• Dr. J.K. Sharan – Ramgarh Cantt. Hazaribagh.

• Mr. S.K. Agarwal – Baralal Street, Upper Bazar, Ranchi.

• Mr. Shahdeo Narayan – Ramgarh Cantt, Hazaribagh

• Mr. O.P. Sharma – 10452, East Park Road, New Delhi-5

• Dr. Harish Sankrityayan – P.O. & Vill. Mallehpur, Dist. Monghyr

      LIST OF THE PRESENT TRUSTEES (As on 1st April 2005)

That in case of retirement, resignation, death or removal for any reason of any of above Trustees aforesaid, the vacancy will be filled up by nomination to be made by the Founder till his life time and after his death by nomination/ invitation as per descion of all the remaining Trustees to keep and maintain seven Trustees in all.
The Board of Trustees shall have the power to Frame the Bye-laws for internal administration of the Foundation, its institutions, programmes, projects etc. and can do amendments, addition therein as per need, time to time, for smooth working and running of the Foundation.
The Foundation has experience of establishing and running educational institutions for more than 25 years. The Foundation is having the privilege of being exempted from Income Tax under section 12A and having Permanent Account Number. Its Institutions are protected under Article 30 of the Constitution of India. The Foundation is recognized and certified as a Buddhist religious Minority organization by the Minority Commission of Jharkhand State.