WHAT IS A CAPITAL CAMPAIGN?
A Capital Campaign is a special funding effort conducted over a five-year time period in order to raise dollars beyond the normal operating budget that can be used to pay for facility enhancements or new construction. During a Capital Campaign, the community is asked to make a financial pledge with dollars above and beyond current giving to the Parish and School.
HOW MUCH MONEY DO WE NEED TO RAISE?
The preliminary funding goal is $2,930,000. This amount will allow St. Mary to build for leadership, build for community and build for others. It will allow St. Mary to make the rectory a private residence for priests, creating new parish space including a welcome reception area, parish conference room and parish offices; and renovate the original school classrooms for multipurpose space and new meeting space.
WHO DECIDED WHAT PROJECTS SHOULD BE ACCOMPLISHED?
Every parishioner was invited to participate in the Parish Needs Assessment and Master Planning Process throughout 2014 and in the Campaign Readiness Assessment in the winter of 2015 in one of three ways: a personal interview, a prioritization session or the Parish Survey. The responses were tallied and combined from the three methodologies and a summary report was given to the Parish leadership in April 2015. Parish leadership then discerned how to tailor the projects to fulfill the Campus Master Plan as well as the wishes expressed by constituents during the Campaign Readiness Assessment.
WHEN WILL CAMPUS IMPROVEMENTS BEGIN?
The Campaign invites participants to make a pledge over a five-year period to bring these projects to reality. Construction can begin as soon as the Parish has the financial resources in place to accomplish the projects.
HOW MUCH SHOULD I GIVE?
There is no specific amount per household expectation. The request is for “equal sacrifice, not equal gifts,” which is respectful of the fact that each family has different financial means and abilities to give. Parishioners are able to unite in sharing the sacrifice necessary for this project to be a success. A commitment to the Campaign is an expression of our faith and love for each other and the Parish.
IS A GIFT TO THE CAMPAIGN SEPARATE AND “ON TOP OF” MY OFFERTORY GIVING?
Yes. A gift to the Campaign would be separate—above and beyond offertory giving. The offertory, whether given on a weekly, monthly or on an annual basis, provides the funds necessary to continue to serve the daily needs of its members. It is essential that the offertory continue at its present level, to pay for the programs and day-to-day operations of the Parish.
IS MY CONTRIBUTION TO THE CAMPAIGN TAX DEDUCTIBLE?
Yes. A charitable gift to St. Mary, a not-for-profit organization, is tax deductible to the extent provided by law. This requires that the donor itemize his/her deductions by using the appropriate tax forms.
WHAT HAPPENS IF WE MAKE A PLEDGE AND OUR INCOME DROPS?
IS MY PLEDGE LEGALLY BINDING?
No. Pledges are not legally binding. If a family financial situation should change, simply re-evaluate the ability to fulfill the pledge and notify the Parish Office of the change.