Capital Campaign
Sacred Heart Church Capital Campaign Update:
The restoration of Sacred Heart Church was completed in May 2018. The total cost of the restoration was $2.5 million dollars. The Capital Campaign to raise funds began a few years ago. Parishioners were asked to make a one-time gift or pledges over a three year period. With the help of savings and donations, we were able to pay $1.75 million up front for the project. We took out a loan with the Diocese for $750,000.
We are happy to report that through your generosity, in one year we have paid down our loan by $500,000!! We have received 76% of pledges. As of June 19, 2019 our new loan balance is $243,688. We have also refinanced our loan with the Diocese, saving us $26,700 in interest payments! The loan still has the same term of the summer of 2022. We look forward to being debt-free at our centennial celebration in July 2022!
So what’s next? This summer we are working with our architect to get a more accurate cost on the renovation for the Meeting House (old rectory). Anything that we collect over the cost of the loan for the renovation of the church will be put towards the Meeting House renovation. The Meeting House will have handicap accessible restrooms, a multipurpose meeting space and classroom space. As our parish grows, the need for the Meeting House continues to increase.
We thank everyone who has supported us through donations, prayers and participation in the King Soopers Community Rewards Program. Our phenomenal progress in paying down the loan proves that every little bit helps.
If you would like to give to the Sacred Heart Church Capital Campaign, visit our Online Giving page. Create an online account or "Quick Give" without creating an account. Select "Restore Our Heart Building Fund" under the give a new gift section. Thank you for your generosity!
The restoration of Sacred Heart Church was completed in May 2018. The total cost of the restoration was $2.5 million dollars. The Capital Campaign to raise funds began a few years ago. Parishioners were asked to make a one-time gift or pledges over a three year period. With the help of savings and donations, we were able to pay $1.75 million up front for the project. We took out a loan with the Diocese for $750,000.
We are happy to report that through your generosity, in one year we have paid down our loan by $500,000!! We have received 76% of pledges. As of June 19, 2019 our new loan balance is $243,688. We have also refinanced our loan with the Diocese, saving us $26,700 in interest payments! The loan still has the same term of the summer of 2022. We look forward to being debt-free at our centennial celebration in July 2022!
So what’s next? This summer we are working with our architect to get a more accurate cost on the renovation for the Meeting House (old rectory). Anything that we collect over the cost of the loan for the renovation of the church will be put towards the Meeting House renovation. The Meeting House will have handicap accessible restrooms, a multipurpose meeting space and classroom space. As our parish grows, the need for the Meeting House continues to increase.
We thank everyone who has supported us through donations, prayers and participation in the King Soopers Community Rewards Program. Our phenomenal progress in paying down the loan proves that every little bit helps.
If you would like to give to the Sacred Heart Church Capital Campaign, visit our Online Giving page. Create an online account or "Quick Give" without creating an account. Select "Restore Our Heart Building Fund" under the give a new gift section. Thank you for your generosity!
|
Before the restoration of Sacred Heart Church
|
After the restoration of Sacred Heart Church
|
