Pastoral Housing Campaign
Frequently Asked Questions
Q: Q: What was our capital campaign goal?
Our direct goal was to raise $1,188,000 in order to buy out the Gilliam’s share of the home we (the church) co-own with them. To be fair to the Gilliams, we asked to receive pledges no later than Sunday morning, December 2. This allowed them to know quickly which path this process is taking. We are now hoping all pledges can be paid no later than May 31, 2019.
Q: What happens now?
The Foundation was assigned the responsibility to work with the Gilliams to sell this house. Together, with a realtor, the Gilliams and the Foundation sold the home in March 2019. With an initial investment by the Foundation of $600,000 in 2012, we cleared $997,000 from the sale. This amount is now permanently in the Pastoral Housing Fund along with all the monies raised from the Pastoral Housing Campaign.
Q: What happens to my pledge since we didn’t reach the goal?
Our need for more pastoral housing funds remains; therefore, all donations to this pastoral housing campaign will go into a special restricted fund to be used solely for pastoral housing needs. The church’s share of the proceeds upon sale of this house also went into this restricted pastoral housing fund. All of those funds will be available to help solve the housing needs for our next lead pastor. We may need to raise additional funds to do that, but the deadline for those additional funds will be in the future.
Q: Is it too late to give to the Pastoral Housing Fund?
Never. We foresee the need for multiple pastoral housing purchases/assistance in the coming years. As we experience inevitable turnover among our associate pastors, the cost of housing in our area will continue to be a barrier to enabling the hire of quality candidates within a reasonable salary. We hope to continue to raise
enough funds to meet all of our pastoral housing assistance needs.
FAQ last updated: April 23, 2019