Education Wing Campaign
The effort is aimed at fulfilling our mission priorities and ministry potential by raising enough funds now to enable us to have a useable Education Wing with our new facility.
The Education Wing Campaign is our opportunity to demonstrate in a real way the value we place upon our children and youth. Now is the time for us to ensure that they feel, there is a place for us!
Our Goal is to secure three-year pledges and gifts (over and above our regular pledges and offerings and the “A Time to Build” Campaign pledges) to enable us to build at least the shell of the Education Wing at this time. $305,000 would allow us to build this space, use it for programming, and begin work on completing the interior with “sweat equity” when funds are available. $521,000 is required to finish this addition.
Our Children and Youth are stepping up to make this happen. They have set a goal that 100% of families with children and/or youth in our program will support this campaign. In addition, they are organizing fundraising efforts to help the campaign.
Great appreciation goes to all of you who have generously pledged to the entire building program! Thanks to you we are continuing to see great progress in the project. If you didn’t pledge or make a gift to the “A Time to Build” campaign, please consider this opportunity to help the vision become a reality. If you have pledged to the building campaign, we are asking you to prayerfully consider what God is seeking to give through you to this project. The blessings we will receive from these gifts and sacrifices will soon come back to us on the faces of our little ones in this new space for them.
You may be surprised by the gift you can give over the course of three years via regular weekly or monthly gifts. Many people find that there are creative ways to give from assets of stock,* securities, or real property. The tax savings realized from gifts of some appreciated assets may allow you to give more to the Education Wing Campaign than might otherwise be possible. In particular, we will ask everyone to also consider gifts from their wills, estates, and trusts to help ensure the long-term viability of our ministry. Enclosed are materials regarding a new opportunity to help the education wing construction—the member loan program(See information below). This is one of those creative avenues for us to realize our ministry goals and invest in our own ministry. If you are interested in the member loan program, please complete the enclosed materials or if you have questions contact Pat Edeburn:251-1800.
God has blessed us with a growing number of children, youth, and families to be in ministry with. It is now our opportunity and responsibility to meet their needs with hospitality, quality, and love. Please pray about this opportunity to make a real difference .
Member Loan Information to print
Member Loan Agreement Form
On-Line Pledge Form
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Member Loan Information
First United Methodist Church of the Saint Cloud Region
Member Loan Investment Program
First United Methodist Church of the Saint Cloud Region will offer members an opportunity to loan funds to the church to finance the cost of our new church facility. The intent is to offer members reasonable interest rates and save the church some of the borrowing costs associated with commercial bank loans. Funds will be used first to build the shell of the education wing, second to finish the education wing, and third to reduce the overall amount of the church mortgage.
The terms of the Loan Agreement are as follows:
- This is an unsecured loan that will be documented by a promissory note issued by First United Methodist Church.
- The individuals who loan funds to First United Methodist Church must be members of record with First United.
- The period of the loan can be either three, five or ten years as agreed to in advance by the member and First United Methodist Church.
- Interested individuals are requested to indicate their intent to provide a short term loan to the Finance Team Leader by (date). The intent should state the amount and term of the proposed loan. The Loan Agreement must be executed by (date).
- The minimum amount of the loan is $10,000.00 for any given term, and can be in any number of $5,000.00 increments above that minimum.
- The promissory notes will be repaid by First United Methodist Church at the following interest rates:
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Note Term
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Annual Interest Rate
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Three year
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2.5%
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Five year
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3.0%
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Ten year
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4.0%
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- Interest will be paid annually on the anniversary date of the note and lenders will be provided with a 1099 for the year in which the interest is paid. The interest paid may be subject to treatment as ordinary taxable income for both federal and state income tax purposes, however, lenders are encouraged to consult with their independent tax and/or legal advisors in connection with any note transaction or the tax consequences of extending a loan. First United Methodist Church cannot and does not give tax or legal advice.
- The principal amount and all accrued but unpaid interest will be paid on the term date of the note, at which time the note will be deemed satisfied.
- The notes are callable by the church with 30 days notice to the lender. That is, the notes can be paid off by the church at any time, with interest earned up to the date of payoff, after giving 30 days notice.
- Requests by the lender for early redemption in the event of an emergency will be handled on a case-by-case basis.
Plans for Building and Site
