Sacred Space Giving Report - 12/31/10

At December 31, 2010, our Sacred Space giving was as follows:

Total gifts given and pledged to the three year capital stewardship campaign totaled $3,998,203. This total of $3.99 million can be broken down as follows:

- Pledged Gifts, $2,490,000,
- Unpledged Gifts, $1,469,000,
- Interest Income, $39,000.

November gifts totaled $85,000 and December gifts totaled $102,000. The pastors, staff and steering committee are all so grateful for the ongoing sacrifices made by each and every family.

Enthusiasm and giving remains high as we near the completion of the construction phase of the capital campaign. Final construction activity will culminate this month (January, ’11) with the placement of the cupola over the new main entrance.

Of the total $3.99 million in gifts, $2.89 million has been collected to date. The difference, just under $1.1 million, represents outstanding pledges spread over the remaining 15 months of the capital stewardship campaign. We are now 21 months into our 36 month capital stewardship campaign, which runs from April 2009 to March 2012.

New gifts, including unpledged gifts, continue to be made each month (over $21,000 in December.)

We are very, very close to topping the $4 million mark for the campaign. We continue to set aside a contingency against pledge receivables. This contingency will assure that we are able to completely pay-off our outstanding construction loan. As of December 31, 2010, the outstanding construction loan was at $873,000.

Sacred Space Giving Report

It has been 90 days since our last stewardship update on Sacred Space capital campaign gifts.

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Total gifts given and pledged to the Sacred Space capital stewardship campaign totaled $3,953,000 as of July 31, 2010. This total of $3.95 million can be broken down as follows:

• Pledged Gifts, $2,490,000 from 226 families
• Unpledged Gifts, $1,424,000 from over 60 families
• Interest Income, $39,000.

Over the past six months we have averaged over $106,000 per month in gifts. May gifts totaled $116,000, June gifts totaled $58,000 and July gifts totaled $190,000.

Even with slightly lower summer worship attendance, enthusiasm and giving remains high in the midst of the construction phase of the capital campaign. We are all so grateful for the ongoing sacrifices made by each and every family.

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Of the total $3.95 million in gifts, $2.66 million has been collected to date. The difference, a little more than $1.29 million, represents outstanding pledges. We are now 16 months into our 36 month capital stewardship campaign, which runs from April 2009 to March 2012.

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New gifts, pledged and unpledged, continue to be made each month. We still hope to top $4 million before the campaign is completed. We continue to set aside a contingency against pledge receivables. This contingency helps assure that we only spend what we can reasonably plan to collect at the end of the three year campaign.

On a related note, Redeemer’s annual giving campaign runs September to August each year. At the end of July, 11 months into the annual campaign, revenues of $1.17 million trail expenses by just a few thousand dollars (tenths of one percent) as we enter August, the last month of the fiscal year.

Sacred Space Giving Report

Total gifts given and pledged to the Sacred Space capital stewardship campaign totaled $3,860,000 as of April 30, 2010. This total of $3.86 million can be broken down as follows:
Pledged Gifts, $2,458,000 from 225 families
Unpledged Gifts, $1,366,000 from 60 families
Interest Income, $37,000.

Over the past six months we have averaged over $88,000 per month in gifts. March gifts totaled $115,000 and April gifts totaled $100,000.
We are all so grateful for the ongoing sacrifices made by so many families.

Of the total $3.86 million in gifts, $2.30 million has been collected to date. The difference, a little more than $1.56 million, represents outstanding pledges. We are now at the beginning of the second year of our three year capital stewardship campaign, which runs 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 $156,000 as of 4-30-10) are set aside as a contingency against pledge receivables. While this contingency helps assure that we only spend what we can conservatively plan to collect at the end of the three year campaign, it also means that this contingency money is not available to our construction budget.

If you have the flexibility in your financial plans, please consider making a portion of your second year gift while construction work is still in progress. In addition to reducing the 10% pledge contingency, it also will save us the 3% borrowing cost later this year and next. So you can see that the same gift amount, timed for this summer, multiplies in value by almost 15% which directly helps our ongoing construction efforts.