This is part of an article that was published in the Boston Globe's Sunday Magazine in 1989. Back then, SGI-USA had not split with the priesthood, and was still NSA -- Nichiren Shoshu of America. Yes, I know -- 21 years ago, practically ancient history, but the point is, if SGI had this kind of money, and property in 1989, it most likely has even more now. Steve Hassan posted this article in his Freedom of Mind Center website. The whole article is much longer, and quite good.
From Steven Alan Hassan's Freedom of Mind Center
Boston Globe Sunday Magazine, May 15, 1989
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www.freedomofmind.com]
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When District 15 of the Machinists Union decided to put its headquarters in New York City's Union Square on the market last year, it had trouble finding a buyer. The highest bid was $2.5 million -- half what the union believed the building was worth.
Then, one day, NSA officials visited district president Hans Wedekin. Not only did they agree immediately to his $5 million price, but they paid for the entire amount by check. Now the attractive five-story brownstone is an NSA community center."It was the fastest deal I ever made," Wedekin says.
In the past two years, NSA has pumped tens of millions of dollars into buying properties in more than a dozen American cities ranging in size from New York and Baltimore to Eugene, Oregon, and Colorado Springs, Colorado. By its own count, NSA now has 55 community centers, five cultural centers, six temples, and three training centers. The most expensive purchase this year may have been a $3.2 million property in San Francisco. The school in Allston- Brighton that NSA recently looked into is assessed at more than $2.2 million. Few of NSA's properties are mortgaged: It usually pays the whole sum up front.Where does the money come from? According to NSA, these purchases are financed by its regular income -- subscriptions, bookstore sales, and the like -- and special campaigns. Although members are not required to contribute to these campaigns, they are encouraged to improve their self-discipline by setting a substantial donation as a target and then meeting it. "It may be suggested to challenge yourself, see if you can give," says Al Albergate, a former Los Angeles Herald Examiner reporter who is NSA's public relations spokesman. "In this practice, you do get back more than you give."
Jean, the former child psychologist in Boston, says she decided to use last year's campaign to raise money for the New York center as a challenge to live within a budget. So she took a second job as a waitress and donated the income from it to the campaign.
Cult-watchers and ex-members argue that NSA exploits Jean and others like her. What makes matters worse, they say, is that
members think NSA's expansion depends on their sacrifices, when it is actually subsidized by Soka Gakkai in Japan. Not only does Soka Gakkai collect huge sums from donations and bequests, but it also owns rapidly appreciating Tokyo real estate and an art museum. Its extravagant bids for Western art have helped fuel the spectacular rise in art prices in recent years.Eager to preserve NSA's all-American image, its officials deny that it is funded from Japan. But they do not dispute that Soka University in Tokyo, an offshoot of Soka Gakkai, has made one expensive investment here that should benefit NSA. In 1986 the university bought a 248-acre estate in Calabasas, California, from the Church Universal and Triumphant, a religious cult, for $15.5 million. It far outbid the federal government, which wanted to turn the site into the centerpiece of a national recreation area. The location is intended for a four-year, liberal arts university. So far, Soka University/Los Angeles offers only English classes for visiting Japanese students.
Just down the street is a storefront office that houses NSA's spin-off companies, including Freedom Music. Its musical, This Is America, the New World, was performed on September 6 in the 2,605-seat Boston Opera House.
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But remember, NSA, now SGI, has zero revenue, zero assets! So how did they pay for a 5 million dollar building with a check!? Does anyone really believe that SGI paid for millions of dollars of prime real estate with subscriptions and sales from Ikeda's books? Could SGI possibly have sold that many copies of the World Tribune and Ikeda's Daily Guidance books?
Oh, the miracle of faith! Truly a great secret!