A Daunting Task: Paying Off Debt
Paying off debt is not an easy task, it is even more difficult for a para church organization. This Christian camp had installed a new water filtration system a number of years-ago. They didn’t have capital to pay for the project so they had to borrow a significant amount of money. Now several years later they still owed over $130,000.00. Making payments plus interest plus meeting their annual budget of $166,000.00 was becoming a daunting task. To make matters worse a number of their buildings were in much need of repair.
I met with the Board and planted the vision of a global campaign. This included paying off the water filtration debt, meeting their annual budget, eliminating some demand loans and enough money to cover the needed renovations. It would be a three-year campaign with a goal of over $800,000.00.
After our initial vision casting and planning meeting the Board all agreed. We put together an appropriate theme and materials were printed.
The success of the campaign was a result of the in-home visits. Board members were trained on how to conduct an in-home visit, cast the vision and make an ask for support from donors who wanted to see the camp thrive. Supporters got behind the project with three-year pledges of over $1,000,000.00. Three years later all the pledges were paid in full.
We are now involved with the camp again on a second capital campaign.
Gord Hallett, Faith Based Fundraising
Tuesday, January 19, 2021