Total gifts given and pledged to the Sacred Space capital stewardship campaign totaled $3,820,000 as of December 31, 2009. This total of $3.8 million can be broken down as follows:
- Pledged Gifts, $2,458,000 from 225 families
- Unpledged Gifts, $1,331,000 from 58 families
- Interest Income, $31,000.
In the month of December alone more than $136,000 was received. For November and December combined, more than $215,000 was received.
We are all so grateful for the ongoing sacrifices made by so many families.
Of the total $3.8m in gifts, $1,983,000 has been collected to date. The difference, a little more than $1.8 million, represents outstanding pledges. The capital stewardship campaign runs over three years, from April 2009 to March 2012.
New gifts, pledged and unpledged, continue to be made each month. We still hope to top $4 million before the campaign is completed.
Ten percent of the outstanding pledges (currently $184,000 as of 12-31-09) will be set aside in the project budget as a contingency against pledge receivables. This contingency helps assure that we only spend what we can conservatively plan to collect at the end of the three year campaign. As pledges are collected over the remainder of the three year campaign, the contingency will be reduced and the monies will be made available for construction spending.
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