1. Why are we having the campaign now?
After 30 years of wear and tear the church building requires urgent repairs and improvements. Our church growth has placed great strain on a building that was not designed for the numbers and activities that we now have.
2. How was the campaign target of $500,000 arrived at?
To fund Phase 1 and 2, the mortgage has been re-opened (with the unanimous support of the Annual General Meeting) and by the end of the year will stand at $400,000. There is currently no money for Phase 3 (estimated cost $100,000). If all projects are completed the church debt load will be $500,000.
3. Will mortgage payments over the next 4 years reduce the debt?
Yes. Over the next 4 years regular mortgage payments will reduce the principal by an estimated $100,000. The intention is to set this amount aside as a capital reserve fund for future repairs and building improvements.
4. Why is it so important to pay off all the church debt?
Without monthly debt payments, approximately $50,000/year would be freed up by the end of 2016 for existing programs, new initiatives, and missions. If we leave things as they currently stand, we will not be able to do that for 15+ years. We will be paying interest to a financial institution, rather than investing in the future of the church.
5. Can I decide how to give?
Yes you can. Methods of payment are outlined in a few pages at the end of this pamphlet.
6. How much am I expected to give?
The decision whether or not to contribute to the campaign is yours alone. You should pray and ask for God’s guidance. Not everyone can give the same amount, but we can all make a sacrifice within our means.
7. Can I contribute in Memory of a loved one?
Yes you can. This would be a meaningful tribute to a loved one.
8. Is my contribution to the Legacy Campaign separate from my tithe and offerings?
Yes. The two are separate. It is important for the church ongoing operations that the tithe and offerings to the Lord do not decline as a result of the Legacy Campaign gift.
9. Will campaign progress be reported to us?
Yes. Individual pledges will be kept confidential. However, aggregate totals will be reported throughout the campaign, likely starting in early September.
10. How long will the campaign last?
The campaign will start on August 7th and will conclude in February, 2013.
There will be an official campaign kick-off banquet on Saturday, September 22nd [Note that date!]. This will also coincide with the 30 year anniversary celebration of Smythe Street Cathedral.
11. Who is running the Legacy Campaign?
The campaign is run entirely by church volunteers. All monies gifted to the campaign will go toward repairing, refurbishing and improving the church facilities.
If you have any questions or require further clarification, please contact the Legacy Campaign through email@example.com