Thank you, Stearns! Mortgage Prevention Need Drops to $206,000!

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.

Also, due to prudent management, the Solar Project was able to transfer $15,000 not needed for the Solar construction costs towards Mortgage Prevention.

And thanks to those of you who have made payment on existing pledges early! You have saved us $10,000 in potential interest, assuming the remaining pledges come in timely and we eventually meet our goal.

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 – though we can’t go into detail for reasons of confidentiality - the $206,000 still needed TAKES INTO ACCOUNT the adjustments for pledges that will not, or that we now judge unlikely to 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!