Been selling assets for over 30y

We have for over 30 years sold non-core assets to enable the Foundation’s work to continue in spite of financial deficits, but the scale of our recent and forecast losses means that this is no longer a viable option.

From 2023 annual report. Full statement

https://static1.squarespace.com/static/661e598ea484a41a1b65dd52/t/685ab68c0afb0861a8ab0e97/1750775437744/Findhorn-Foundation-Annual-Report-EndMar-2024.pdf

The Foundation has faced many difficult external factors over the past few years, with Brexit impacting our non-UK coworkers, visitors and volunteers; Covid restrictions requiring us to suspend our on-site programmes for many months; the fires destroying two beloved and important community facilities and making it so much harder for us to serve guests at The Park; and most recently the huge increases in energy costs which are making it so expensive to run our many buildings.

The Foundation’s financial position has been weak for many years, and this position has worsened considerably since the Covid-19 pandemic, in spite of significant and generous support from donations and grants, staff redundancies and other cost reductions, and multiple attempts to find new ways to provide our education.

We have for over 30 years sold non-core assets to enable the Foundation’s work to continue in spite of financial deficits, but the scale of our recent and forecast losses means that this is no longer a viable option.

For several months the trustees have been working closely with the management team to try to find a path forward which will allow us to continue operating. Co-workers have brought an abundance of love, creativity and hard work to this effort. Unfortunately, after much consideration and deep attunement, we have to face the prospect that the Foundation is no longer financially viable in its current configuration and operating model and that the current situation requires urgent action

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