Capital Campaign Update

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Mid-Term Status Report, July 2020

GROWING ABUNDANTLY / GIVING ABUNDANTLY Capital Campaign

Blessings to you all, and Peace from our Lord and Savior, Jesus Christ!

Some 18 months ago, Faith Lutheran members embarked on our current capital campaign, GROWING ABUNDANTLY / GIVING ABUNDANTLY.  To carry on the call for discipleship to God’s children, and to lift our hearts and minds for sharing the gift and blessings of Christ’s grace and love, a 36-month campaign was launched to strengthen our financial foundation to better serve in His name.  We report to you today progress for the campaign, which primarily is targeted towards reducing our facilities debt, and accelerating our loan repayment to shorten the scheduled term.

The Campaign established a goal of $750,000, and has received pledges of $543,100 from FLC members.  Pledges for the 3-yr period provide sufficient funds for our monthly mortgage payment; we are blessed!  The $750,000 goal would help accelerate the reduction of the approximate $1.43 million mortgage balance still owed on the original $3.9 million loan.  The graphic illustrates our progress the past 18-months.  Approximately $1 Million +/- in interest savings could be realized if accelerated payments are made.

Faith Lutheran Church has been blessed in countless ways, including the dedication of our wonderful sanctuary in November 2009.  With the spiritual and financial contributions of our faithful members, these blessings continue supporting our mission to KNOW CHRIST + LIVE CHRIST + MAKE CHRIST KNOWN!  If you would like to change your Campaign contributions, or perhaps to begin financial contributions to better enable achieving our spiritual ministries, you can use one of several other giving opportunities below to accelerate Faith’s loan repayment:

Texas Church Extension Fund (CEF) Rebates

“Special” Debt Reduction Gifts

Thrivent Choice $$$

– Memorial Designations

– Will / Estate Proceeds

– Other Christ-Centered Giving

Thank you for your faithfulness and your service in Christ’s name.

 

The Capital Campaign committee for “Growing Abundantly, Giving Abundantly” consist of David Fischer-Chairman, Ron Jiede, Jane Hutson, Eric Silber, Shelly Curren, and David Wright.  Feel free to contact any committee member, with questions or interest.