To cover these payments, our church body committed to give financially over 4 years through a capital campaign we called PLANTED.
However, over the course of time, a portion of those who originally committed have since moved or otherwise left our body. The vast majority have discontinued their original giving commitment.
This has created a gap in funding that has grown over time.
We have covered this gap by subsidizing from our general fund. But the growing size of the gap is making it more difficult to subsidize and is straining our overall financial health.
We realize a large percentage of our current church body was not present for the original PLANTED capital campaign, so we are inviting those interested and able to join us in finishing our payments to the sellers.
Our estimated gap for May 2024 is $50k. If our current levels hold steady, our gap for May 2025 will be about $43k.
1. Commit to give over time toward PLANTED until May 2025. If you choose to commit, please let us know by using THIS FORM.
2. Give a one-time gift toward PLANTED. You may do so HERE.
- What if I already give toward PLANTED? Thank you! While some who currently give toward PLANTED may desire to increase their giving, this appeal is primarily for those who have not yet been invited to join PLANTED.
- Am I able to give through a transfer of stock or other securities? Yes! Contact Eric for the needed information.
- Why did we originally finance the purchase of the building in two different ways? By financing a portion of the sale through the sellers at such a low interest rate (1.75%), our mortgage through the bank was much more manageable.
- What was the original total purchase amount of the building? $4M. Of this amount, roughly half was committed through our original PLANTED campaign.
- Why did we purchase our building? We were previously renting a building. We wanted to own our building not only to steward our finances well, but also because we desire to be planted in our city for the long-term. Our particular building sits at the busiest intersection in Fort Collins, allows for a mutually beneficial relationship with the Harmony School preschool, and holds potential for future development and community uses.
Eric is happy to field any of your questions – eric@thetownchurch.org