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Opening the Door to POP’s Future: The Mortgage Elimination Campaign October 22, 2016 -

Opening the Door to POP’s Future: The Mortgage Elimination Campaign October 22, 2016 - October 31, 2017. Campaign Background and goal. Background

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Opening the Door to POP’s Future: The Mortgage Elimination Campaign October 22, 2016 -

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  1. Opening the Door to POP’s Future: The Mortgage Elimination Campaign October 22, 2016 - October 31, 2017

  2. Campaign Background and goal Background In celebration of the 500thanniversary of the Reformation, the congregation approved the development of a mortgage elimination campaign at the 2016 annual meeting. Goal: Eliminate the mortgage by October 31, 2017, more than two years early.

  3. Mortgage balance and target Mortgage Balance At the end of summer 2016, POP owed just under $120,000 on the mortgage. At our current payment rates ($3310/month) POP is scheduled to pay off the mortgage by January 2020. Fundraising Target Beyond our regular mortgage payments, an additional$80,000 will need to be raised to meet our goal.

  4. Purpose and benefits Why are we setting this goal for the church? How will the work of the church benefit from this campaign?

  5. Ministry Expansion If we do not have to include mortgage payments in our annual budget, those funds can be used to expand our ministries. The ministry chairs have started to develop potential new ideas, including the purchase of a van to transport people two and from church, the expansion of the food pantry’s services, the support of a seminary intern, and much more. These and other ministry ideas can become a reality sooner as a result of this campaign.

  6. Financial sustainability If we meet our goal, we will eliminate 26 months of mortgage payments, saving POP just over $80,000 and freeing up about $40,000 from the annual budgets in 2018 and 2019.

  7. Become involved today The campaign is asking that you prayerfully consider making a financial contribution in any amount that feels appropriate to you. Your contributions can be made all at once or in multiple portions over the next year by completing the Donor Commitment Card and making checks out to POP, including Mortgage Elimination Campaign in the note.

  8. Other campaign ideas and events • Donate $95 over the next year for each of the 95 theses • Change to make a Change • Thrivent Designation Program • Appeals to community groups that use the building • Current donation folders for the building fund • Community concert/festival/walk/run • Other ideas?

  9. Donations are already in!

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