The Ikeda choke-chain method of endowment funding [by Anticult]

Check out this beauty from Ikeda Inc. 

The $40 million dollars from SGI-Japan is still controlled by SGI-Japan. 

As SGI-UK can only access the funds after "consultation" with Ikeda's people. That is both interest and principal. 

Very clever! 

So the $40 million invested, both principal and interest is controlled by SGI-Japan, of course. 

And only after SGI-Japan's approval, is any money transferred to the SGI-UK general fund, the other $35 million dollar fund. 

So SGI-Japan just uses SGI-UK to diversify their global investment portfolio. 

There was no real donation, in the way people think about it. SGI controls the entire fund, and can freeze/revoke it any time they choose. 

Its like getting a gift of $100,000 from your rich uncle...but he's keeping the gift in his own investment account, and you can spend that money anytime he agrees to transfer some of it into your bank account. 

So that is very clever. 

Give someone a financial gift, and announce it to the media, but keep it in your own investment account, and collect the interest, and keep total control of it. 

And give them a little money now and then, to buy rich uncle a nice chair to sit in, in case he visits. 

Its the Ikeda choke-chain method of endowment funding. 

Quote from 2010 form: 

Commemorative Expendable Endowment Fund 25,289,091 

"The Commemorative Expendable Endowment Fund was set up in 2006 upon receipt of an initial donation from Soka Gakkai International Center in Japan to mark the 75th anniversary of the foundation of Soka Gakkai. The investment income generated, as well as the principal amount of the endowment, is available to be spent at any time by the trustees in promoting the charitable purposes of Soka Gakkai International - UK after consultation with the representatives of the donor. Funds are transferred into the General Fund once agreement has been reached to do so."