2019 Capital Campaign Feasibility Results and Toward the Campaign - - PowerPoint PPT Presentation

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Dec 21, 2022 34 likes •105 views

2019 Capital Campaign Feasibility Results and Toward the Campaign Learnings from the Feasibility Study High Awareness of Campaign and Participation High Favorability of Campaign Willingness to contribute at this stage off the

SLIDE 1

2019 Capital Campaign

Feasibility Results and Toward the Campaign

SLIDE 2

Learnings from the Feasibility Study

High Awareness of Campaign and Participation
High Favorability of Campaign
Willingness to contribute at this stage “off the

chart”

Realistic Goal will increase willingness to give
Sense of Stability in leadership is important

SLIDE 3

Scope of the Campaign

Stauder Architects prepared a “20 year” Master

Plan for $1.8 million in renovations

Feasibility Study Returned a suggested primary goal
f $823,000
There is a lot we can do for this amount of money, more

than just the “must fix” items

Some projects will need to be put on the “back burner”
Some projects will be ”scaled down”
Some projects will receive full funding

SLIDE 4

Prioritization Process

Congregational Feedback
Necessary work
Electrical may not poll well, but burning the building

down is a bad result

What is “smart” to do
Let’s not tear up the street 3 times in a year
Cost and flexibility sometimes outweigh emotion
What prepares us for God’s Mission tomorrow?
Baptist Colleague
“Weighted Response” of lead givers
Particularly around the organ

SLIDE 5

Rough Interpretation

SLIDE 6

Early Recommendations

Desired

Necessary

On Hold

HVAC & Electrical; Retaining Wall, Pews, Energy Efficiency: Lighting, Thermal Windows Bathrooms, Drop off lanes, Sound System Kitchen hood Tower Bells & Office; Undercroft to Incubator Office Space Skylights; New Baptismal Font Plaza, Movable Altar, Some Chapel Stained Glass

SLIDE 7

2019

2019 Capital Campaign Financial Overview

To finance Capital Improvements, a careful plan of cash flows will be needed to avoid interrupting operations Data is for a directional reference only

Capital Campaign Fund White Fund Loan Caskey Endowment Contractors

Financial Steps

1. Use Caskey Endmnt

to repair Boiler

2. Create Bridge Loan
3. Initiate Work
4. Receive Pledged

Contributions

5. Finalize Payments
6. Refinance Loan
7. Replenish Caskey

1 2 3 5 6 7

Emergency Boiler Repair Initial Payment for Materials Continued Payments