If we move forward with the capital campaign fund raising effort but fall short of the amount of cash and pledges needed to start the project what happens to the money raised?
The Administrative Council would be responsible for determining the disposition of any cash raised during the campaign. One option would be to have the cash contributions placed in a separate building fund until adequate funds become available to begin the project. The Church Foundation could also play a role in the management of the funds to insure that some investment earnings will be realized from investing the funds in low risk investment instruments.
Related Questions
- If we move forward with the capital campaign fund raising effort but fall short of the amount of cash and pledges needed to start the project what happens to the money raised?
- WHAT IS THE DIFFERENCE BETWEEN A CAPITAL CAMPAIGN AND THE ANNUAL FUND?
- What is the difference between an Annual Fund and a Capital Campaign?
