It has been a couple of months since we last updated the congregation on the status of the “Continuing the Vision” campaign. Progress continues to be made and we are now very close to our original goal of $3 million in pledges. As of the end of August we have received 492 pledges for a total of $2,909,562. This places us $90,438 away from our original pledge goal. Thank you to everyone who has made commitments thus far. If you have not made a commitment we would ask that you prayerfully consider doing so and become a part of this successful effort.
Just as a brief reminder the campaign has the objective of funding the following initiatives:
$600,000 - To address future parking needs for the church
300,000 - Joined with a $600,000 grant from the United Methodist Conference toenclose the parking garage and build additional classrooms.
1,450,000 - Joined with $300,000 prior designated gifts for organ renovations and upgrades.
400,000 - Primarily to help Trustees address needed renovations in the nursery and children’s areas.
200,000 - For mission’s initiatives including the planting of a church in the Wakefield area of Raleigh.
50,000 – For preliminary expenses of the projects and campaign.
Through the end of August we have received $811,824 as payment on the pledges that have been made. Thanks for your faithfulness in following through on your commitments. Even though our initial goal was $3 million in pledges there are some factors that makes it desirable to exceed our goal.
- In our previous capital campaign we collected 96% of the pledged amount due to people moving away, job changes or other variables.
- Our project expenses thus far have exceeded our collections for the campaign so we have incurred carrying costs for borrowing money.
- We did not build a contingency into the campaign for change orders or cost overruns.
We are asking for your prayerful consideration of this campaign so we can bring it to a successful conclusion. There are adequate supplies of pledge cards in the pew pockets of the sanctuary or if you would like a pledge card mailed to you please contact Dan Johnson in the church office. Please join this effort of “Continuing the Vision” of Edenton Street United Methodist Church with your prayers and your financial support.
The
Continuing the Vision Campaign Committee