What is the campaign goal? The current anticipated cost of constructing our new church is $12,000,000 – this is our overall campaign goal. Our plan is to reach $4,000,000 in cash by the end of 2019. We currently have $800,000 in our reserve fund.
When will we be able to start construction? Once we have reached $4,000,000 in case donations, we will be able to start construction while continuing in to raise funds to reach our campaign goal.
When will we be able to receive the first loan from the Family of Faith campaign? Once we have $4,000,000 in case donations, we can receive a loan from the Archdiocese's Family of Faith campaign. This loan will be for a maximum of $4,000,000 and interest-free for 5 years.
How will we finance the remaining amount? We have the option to take out an interest-bearing loan from the Archdiocese of Toronto at 4% interest. Note that the more we raise in case and pledges, the less we have to borrow.
What will happen to our current church building once the new church is operational? The current St. Patrick's church building will be used as our chapel and provide for the smaller services and other ministry needs. The current priest's residence will also continue in its current function.
When can we start construction? When will the building be finished? As mentioned, we can start construction when the initial $4,000,000 in case is raised which is projected to be by early 2020. The building will be completed in phases, with priority given to the sacred space. We are targeting the first mass to take place in the new space by the end of 2021.
Why are we being asking to consider a 5-year pledge when the case is needed in 2 years? The initial cash required to kick off the construction is required within the next two years. The 5-year pledge ensures that we can minimize the load amount required as well as the amount of interest we will have to pay. It also offers a longer term for people who cannot give the full amount of their wishes in 2 years. Everyone is encouraged to make a 5-year pledge.
Raising these funds over a 5-year period will help us to achieve our goals without placing undue financial pressure upon our parishioners and community supporters. Knowing the intentions of parishioners at the beginning of the period allows the parish to plan. All pledges can be changed at any time and are not legally binding. We realize that some people may not be in a position to pledge for this period of time. Gifts are given one year at a time over the 5-year campaign are also most appreciated. As we progress, we will consider another campaign after the 5-year period.
How will you keep us informed about progress? Parishioners will be kept informed by weekly progress reports in the bulletin, occasional pulpit announcements and updates on the parish website. There will also be a display in the parish lobby. Look for our campaign thermometer to monitor our financial progress and our loaves and fishes to monitor our progress in visiting or connecting each and every parishioner at St. Patrick's church.
Will all parishioners be asked to contribute? All parishioners will be invited to make a proportionate gift (above their weekly offerings) in accordance with their income and as an expression of their faith and commitment to the parish.
Will my donation be kept confidential? Yes. Only two or three people at the parish will have access to the pledge amounts – the Treasurers (two) and volunteers as needed. The Archdiocese will manage the pledge administration.
How much should we give?Your gift should represent a meaningful and proportionate donation (above your regular weekly offerings) in accordance with your financial ability to give. A Guideline has been provided for your prayerful consideration.We are also asking that parishioners consider donating the bulk of their gift in the first two years if possible, so that we will be able to start construction in 2020.
Should our pledge be in addition what we are contributing in our regular offering? Yes, all gifts to the campaign are over and above your weekly offering. You will receive a tax receipt for the portion you give to the campaign.
If our financial circumstances change, may we alter our pledge? Yes. All pledges are non-legally binding and only an expression of our commitment. All gifts can be changed at any time by contacting the parish office or the Donations Processing Centre of the Archdiocese at 416-934-3400 ext. 536 or firstname.lastname@example.org.
Can I make a one-time gift instead of a 5-year pledge? Absolutely! All gifts are gratefully appreciated! We understand that annual gifts may be forthcoming in the five years in lieu of pledging and people may make the kind and frequency of gift that they desire.
Are there others ways I can give? Yes, we accept gifts of publicly traded securities (stocks or other marketable securities). Gifts-in-kind, annuities, gifts of personal property, life insurance and other Planned Gifts are also accepted. For more information, please contact Quentin Schesnuik at 416-934-3400 ext. 561 or email@example.com
What about other priorities (eg. ShareLife) in my parish and in the Archdiocese? How will they be affected? As the gift to the Loaves and Fishes campaign is a sacrificial gift, parishioners are asked to maintain their commitment to other priorities, including ShareLife and their weekly parish offertory collections.
Who can we contact to obtain more information about the campaign? Additional information is available from any one of our Campaign Committee members. Or email us at LoavesAndFishesCampaign@StPatricksWildfield.com
Thank you for your generosity!