We are starting an important capital campaign during Lent this year! For the next several weeks, we will be working to raise money to pay off our mortgage. We have received a generous gift of $100,000 toward this effort. This leaves us approximately $30,000 to pay off our mortgage completely. We are working to raise $15,000 by Easter which will be matched by money currently available in our checking account.
So for every contribution you make, your dollar is doubled!
Well first, we are looking to pay off the mortgage before rates potentially increase. But perhaps the most important reason we are taking this task mon is to directly benefit our campus ministry! When we are no longer burdened by a mortgage we will have the financial space to return the 1902 house and church studio apartment to affordable student housing and intentional community. While we don't anticipate it will be exclusively campus ministry students in the first year or so, we do anticipate that changing relatively quickly, as we will prioritize campus ministry applicants. We will be utilizing our connection with Field and Fork to find students that need this kind of financial support ministry.
You can give any of the ways you usually give to the church including but not limited to check (Mortgage in the memo line), cash, and digital giving through our website.
Additionally, if you are 70 1/2 or older, you can make a qualified charitable distribution (QCD), a direct transfer of funds from a traditional IRA to a qualified public charity. While a QCD is not eligible for a tax deduction, it is excluded from your taxable income, so it allows you to receive tax benefits even if you do not itemize your income taxes. Additionally, it may count toward your required minimum distrtribution (RMD). You can donate up to $108,000 through a QDC in 2025 (the annual maximum is indexed annually for inflation). If you are interested in making a QCD, we recommend that you discuss it with your financial and/or tax advisors.
last updated on 3/11/25