Thank you, Stearns! Mortgage Prevention Need Drops to $206,000!
- Shari Loe
- 8 hours ago
- 1 min read
NOW, thanks in part to the generous spirit inspired by Stearns' Matthews ethereal music last Saturday, we need to drop the number further - to $206,000!
Our progress is due always and foremost to your generosity! But we also appreciate the prudent stewardship of the Board and the Finance teams, which had enabled the Fellowship to set aside funds from the CARES Act for a rainy day. And apparently it was raining last week, as the Board confirmed the release of $78,667 which had been set aside for the Capital Campaign if needed - turns out it was. But that is your money from generously continuing to fund salaries for our Staff during the shutdown, which the CARES Act enabled us to claim.
We also have taken some time to canvass all outstanding pledgers to confirm whether or not they will be able to complete pledges - some of which have been outstanding and being paid down for years. Not surprisingly, a very few have said they will not be able to fully pay their pledges, due to changed circumstances.
So the $206,000 still needed TAKES INTO ACCOUNT the adjustments for pledges that will not be paid. So as usual we are at a fulfillment rate of 95% or greater (as is our consistent experience with the Operating Budget pledges).
The new amount reflects over $3000 net from the Stearns event, plus $8000 in new gifts since Sunday.
YOU GUYYYYYYS wow. Just wow.
Let's do this!
