1. What is the financial goal of the Re NEW! Capital Campaign?
The financial goal is to raise $2M.
2. Where will the campaign funds be going?
When we achieve our goal of $2M, 60% of the funds will pay off our current mortgage, 30% will fund building enhancements and 10% will go to mission projects.
3. How will the dollars be distributed during the 3 year campaign to get the most benefit?
Our primary goal is to eliminate the mortgage debt which “frees up” $160K each year in annual budget dollars for other ministries. 90% of the first dollars received will pay off the mortgage debt. 10% will be given to the mission projects. Once the entire mortgage debt is paid off, we will apply the remaining dollars to building enhancements and mission projects.
4. What if we surpass our goal?
Praise GOD! Additional dollars would be used to fund more building enhancements and mission projects.
5. What if we do not reach our goal?
We are confident in attaining our goal; however, if pledges/receipts are less than $2M, we will allocate 90% of the receipts towards debt retirement and 10% towards the mission projects, with the balance (after debt is retired) going towards the building enhancement priorities. For example, if pledges are $1.5M, 90% of the cash received will be allocated to pay off our current mortgage (up to $1.3M, 10% will go to mission projects ($0.15M), and the balance ($0.05M) would fund building enhancements.
6. Should I redirect my Tithe to the ReNEW! Campaign?
We would certainly hope that is not the case. These should be gifts over and above your current giving.
7. How can I give?
Commitment cards/envelopes were mailed out in April 21st and are also available at church for you to pray over and examine. You can turn in your pledge/commitment card to the church office at any time, but we’d like to have all pledges in by Sunday, May 20th. We will have an all-church celebration event on that Sunday, including a time to present our pledges. It will be an exciting and worshipful experience. Payments can be any of the following: check, cash, stock transfer, monthly ACH direct from your bank. Credit and debit card donations are an extremely expensive way for the church to receive funds and reduce the impact of the dollars donated.
8. What if I cannot fulfill my commitment?
We understand and simply ask for the consideration of communicating that to Kit Housh, and then consider future participation during or after this campaign as circumstances change.
9. Can I designate my donation for just debt retirement, or just for facilities?
The leadership team and staff has prayerfully considered the overall campaign objectives and the structure presented is the one believed to have the most collective benefit to everyone involved. So anything donated to the capital campaign will be distributed proportionally to the 3 categories.
10. If General Fund giving drops because people shift giving, will we use capital campaign funds to pay general expenses?
No, we will use the funds only for the capital campaign. The leadership team would have to then determine the best solution to fill budget gaps, but would not use capital campaign funds.
Who will know how much I pledge?
Only one individual will be compiling the pledge information and the names will be kept in strict confidence.
12. Does the leadership team all support this campaign?
The Leadership team fully supports the timing and launching of the capital campaign.
13. Why did we not use an outside consulting firm to help the campaign?
With the wealth of internal experience, specifically around previous campaigns, the campaign committee felt that the approximate $100K related expense could be better used toward the goals of the project than on consulting. We have used an hourly, fee-based project manager to assist the campaign.