It is exciting times here at St. James' as construction of our newly renovated building has begun and significant progress has been made. Each and every day new and wonderful activities are occurring as we renovate our Building to make it more welcoming to all who come to visit and worship.
There is also exciting news on the financial front. The Vestry has approved a firm $1,640,000 construction budget which includes all architectural and management fees, permits, construction costs and a small contingency fee. We now have $1,495,000 in committed income which includes pledges, investment income and the Ives Access Fund. Total income received through September 1, 2007 is $838,000 which shows the tremendous generosity of our Parishioners.
As of 09/01/2007
courtesy of Fundraising Know How
As of September 2007, there is a $145,000 shortfall between our projected expenses and projected income. We are hopeful that we can close some of this gap through additional pledges or increases in existing pledges. By the end of August, 18 families pledged an additional $30,000 which we truly appreciate and, now that summer is over, we hope and pray other families can step forward and help us reduce the remaining gap of $145,000
If you can, another way to help reduce this shortfall is to accelerate your existing pledge payments, as approximately one third of the gap is to pay interest on construction loans. If we continue to receive more money up front, we can reduce our borrowing needs and thus reduce the interest expense.
If you have any questions on making a pledge, increasing your pledge, paying with Stock or learning more about the Here We Grow campaign, please feel free to contact the "Follow Up Committee" of Jim Ervin, Amy Carvell and Rick Edwards.
Pledge Card
To make a pledge to the Capital Campaign or to increase your existing pledge, please print and fill out the appropriate pledge card below and mail/fax it to:
St. James Episcopal
PO Box 206 Glastonbury, CT. 06033
tel. (860) 633-8333 fax. (860) 633-2482
Thank you to all who give of their time, talent, and treasure to make St. James' what we are and to help us reach the potential of what we will be.
