Now that we can all see the physical results of our vision, we thank you again for your generous support of the 2005 Capital Campaign for All Souls Unitarian Church. Your contributions were fundamental in allowing us to make the necessary improvements to our facility – handicapped accessibility throughout, an expanded gathering area and atrium, renovation of the religious education wing, roofing replacement at the library and social hall, and restoration of the organ. We greatly appreciate your commitment to All Souls.
The cost to complete the 2005 renovation was $1.4 million. We successfully raised $1 million, and financed the remainder with a mortgage. Because the annual operating budget does not cover the mortgage, we’re using the endowment to pay the outstanding mortgage balance of approximately $350,000. The downside is that, over the life of the mortgage, we will deplete the endowment and be forced to pay the mortgage - approximately $30,000 annually – from our current operating expenses. To avoid that, we want to resolve the mortgage debt by securing additional funds through two year pledges from members of the congregation. We prefer to do it this way because we still need to address remaining maintenance items over the next two years – additional asbestos encapsulation, deteriorated sanctuary windows, tile floors in the Beattie Room, and a new phone system.
We are asking for your help in securing our future. Please consider helping All Souls again by making a generous pledge payable over the next two years. We don’t make this request lightly, and realize these are very trying times. But the need at All Souls is great - and your support is vital. We will be mailing you a letter, brochure and pledge card in the next few days. If you would like to discuss this further please contact Mike Halstead, Chair – Supplemental Capital Campaign Committee, at home at (317) 849-3386 or cell phone at (317) 514-6403.