We have an Endowment Fund – why can money from that fund be used to pay for renovations and a new organ?
— The current endowment fund income is not large enough to cover the costs outlined in this campaign. The purpose of the endowment is to maintain its principal and to provide income for long-term support of St. Peter’s. • Who will know how much I give? — After your pledge card is received, you will receive an acknowledgement letter containing the amount of your pledge from the church’s Business Manager. The campaign cabinet member who contacted you about making a pledge will be made aware that you have made a pledge, but will not know the amount of your pledge. No other individual from the church or campaign cabinet will be aware of how much you have pledged. • If I pledge today, when would I begin my contributions? — While contributions can begin at any time, they should preferably begin in the year your pledge is made. A quarterly statement will be sent out which shows your remaining pledge balance. Remember that tax credit will be given in the year contributions are received.
