# Bhaktivedanta Book Trust Agreement **May 29, 1972** --- I, A.C. Bhaktivedanta Swami, disciple of OM VISNUPAD PARAMHANSA 108 SRI SRIMAD BHAKTISIDDHANTA SARASVATI GOSVAMI MAHARAJ PRABHUPADA, hereby give and transfer all of my books and all property rights incidental thereto as hereinafter described to A.C. BHAKTIVEDANTA SWAMI, BALI MARDAN dasa BRAHMACHARY, and KARANDHAR dasa ADHIKARY as Trustees, in Trust, for the purposes hereinafter stated and to be administered in accordance with the provisions hereinafter set forth. --- ## I. Trust Fund The properties which shall constitute the Trust Fund include all books and manuscripts and other documents written by me or translated by me, including the following hereinafter listed, and all those written by me in the future, including all copyrights and publication rights incidental thereto: - The Nectar of Devotion - KRSNA, The Supreme Personality of Godhead - Srimad Bhagavatam - Teachings of Lord Caitanya - Sri Isopanisad - The Bhagavad-Gita As It Is - Easy Journey to Other Planets - KRSNA CONSCIOUSNESS: The Topmost Yoga System - Back to Godhead Magazine --- ## II. Name of Trust This trust shall be known by the name, "BHAKTIVEDANTA BOOK TRUST." Insofar as practicable, the Trustees shall conduct the trust activities in that name. --- ## III. Purpose of Trust This trust is created and shall be operated exclusively for the benefit of the INTERNATIONAL SOCIETY FOR KRISHNA CONSCIOUSNESS, incorporated by me, and qualified as a tax-exempt religious organization under the provisions of the Internal Revenue Code, and specifically for the Book Fund and Building Fund activities hereinafter set forth in particular. This trust shall exist independently of the International Society for Krishna Consciousness and the Trustees' functions and duties stated herein shall be separate and not dependent on the Governing Body Commission of the International Society for Krishna Consciousness. --- ## IV. Use of the Trust Fund The Trustees shall collect all proceeds from the sale of my books, that is One Hundred Percent (100%) of all the proceeds from all of the International Society for Krishna Consciousness Temples and divide these proceeds into two funds, one-half (1/2) for the fund known as the Book Fund, and one-half (1/2) for the fund known as the Building Fund. The proceeds allocated to the **Book Fund** shall be used for the following purposes: - Printing and reprinting of books - Directing and managing all publicity and distribution of my books - Processing all copyrights and legal rights to my books - Allocating funds as they see fit to ISKCON Press Those funds allocated to the **Building Fund** shall be applied in the sole discretion of the Trustees in the following manner: - Purchase of properties for the construction of new temples or renovation of old temples --- ## V. Management of Trust Fund In the administration of this trust and the Trust Fund, the Trustees shall have all powers and authorities necessary or available under the law to carry out the purposes of this trust. --- ## VI. Appointment of Trustees The Trustees whom I have herein designated are appointed for lifetime. In the event of the death or failure to act for any reason of any of said Trustees, a successor Trustee or Trustees may be appointed by the remaining Trustees, with never more than five (5) Trustees acting at one time. --- ## VII. Term of Trust This trust shall be irrevocable. --- IN WITNESS WHEREOF, I have executed this trust this 29th day of May, 1972. **A.C. BHAKTIVEDANTA SWAMI** **BALI MARDAN dasa BRAHMACHARY** **KARANDHAR dasa ADHIKARY**