Capital Campaign Flyer
Please wait while flipbook is loading. For more related info, FAQs and issues please refer to DearFlip WordPress Flipbook Plugin Help documentation.
FAQs
Capital Campaign will run from October until we reach our goal of $4,000,000. Pledges are on a three year redemption unless an extension is requested
o Phase II – Narthex, Bathrooms, Lower Level of Church – Construction starting June 2022 with an estimated completion of Fall 2022.
o Phase III – Plaza, Outreach, Parking Lot, and Columbarium – Assuming all approvals are completed (approx. 12-15 months for Diocesan, County and Neighborhood), construction anticipated to start early Summer 2023.
o Parish leadership committees (Pastoral, Facilities and Finance), representing our diverse parish population, have been working on priorities and project-lists for the past four years.
o Town Hall meeting, March 2020 – Father Bashista discussed all the projects identified by parish leadership and based on parishioner input and discussions at the Town Hall meeting, developed a priority list of project.
o Phase I of the Master Plan was approved in Fall 2019 with construction completed in Fall 2021.
o Father Bashista presented to the Diocesan Building Commission an overview of the total Master Plan and the conceptual design of Phases II and III.
o Plan and projects have been communicated through the Bulletin, Pastor’s Column, website and word-of-mouth.
Except in unusual circumstances, the Bishop would normally have a Pastor remain in place once a capital campaign has begun and through construction.
o If we raise $5 million – Father Bashista will ask the Building Commission and the Bishop for permission to include Phase IV (Church and Chapel upgrades) in Diocesan approvals.
o If we raise $6 million+ – we will be able to request a smaller Diocesan loan.
The cost to build a columbarium is roughly 20% of the overall profit achieved by selling niches. At 1000 niches, averaging a price of $5000 for purchase, the Parish will garner $5 million; the cost for construction and perpetual maintenance will approximate $1 million. The net to the Parish will be approximately $4 million.
Due to existing conditions of erosion, upper slipping into lower, grass in the parking lot, and the handicap ramp,.
While pledges are good-faith offerings, circumstances may change and your pledge amount may need to be adjusted. This is completely understandable and we will work with you to adjust your pledge. One of the reasons we didn’t go with a longer pledge redemption period is to minimize these adjustments.
We ask that you start your pledge start as soon as possible. We do request that pledges start by Jan 2022, unless circumstances dictate otherwise (RMD-QCD distribution, etc).
After prayerfully considering your gift, should you need longer than three years to complete your pledge, please note the extended time on the pledge card.
o Cash or check, with “CC2021” marked on the envelope/memo line, can be dropped in the mail, offertory basket or at the Parish Office.
o Faith Direct – whether you already use Faith Direct for your offertory or not, you can set up a specific regular withdrawal from your bank/credit card via Faith Direct.
o Stock or sale of real estate – please contact the Parish business manager, Mary Gildersleeve (703-494-4008 ext 127) to find out the best way to submit stock or other real property transactions. These are handled by the Diocesan brokerage firm.
o IRA – if you are 70-1/2 or older, you can use your required mandatory distribution (RMD) as payment for your pledge. If you are do not yet need to take an RMD, you can still set up your IRA to send the pledge amount(s) to Seton Lake Ridge. Please contact the Parish business manager, Mary Gildersleeve (703-494-4008 ext 127) or m. gildersleeve@setonlakeridge.org, for further information.
Going through our Faith Direct portal, you may make a one-time gift or through a credit card. In this way, the Church does not have your credit card number – protecting you and the Parish from fraudulent charges on your card.
The Plaza addresses critical erosion problems, handicap accessibility issues, and site security concerns. These are projects which have been deferred for far too long. The delay has increased the overall cost to remember these issues. Further delay will exacerbate the problems and increase the cost of the solutions.
The Diocese only approved us for a $4 million capital campaign. This is the number they believe we can raise. If we exceed this goal, our need for a loan will decrease.
We are looking at a $2.2 million Diocesan loan. It is repayable in 10 years time. This is not significant debt and positions us for a reduction in overall maintenance.
When we held the Town Hall meeting, safety and security were considered number one priorities, especially for our Faith Formation classes.
The priority list is based on long-term deferred maintenance issues which must be addressed.
o Phase IV – Church and Chapel updates to include new pews in both, new flooring, painting and general clean up – estimated at $800,000.
o Phase V – A brand new Seton Hall to allow for increased meeting/class space, full-size kitchen and gymnasium – estimated at $10 million.
A columbarium, which Bishop Burbidge recently approved for Parish properties, allows for the above-ground reposition of cremated remains.
Individual niches will be sold, averaging$5000 each, to cover the cost of construction, the perpetual maintenance/upkeep of the site, as well as allowing for a positive revenue stream (approx. $4million on a 1000 niche building).
There are no Catholic cemeteries available to our parishioners within the County or the Diocese.
Parishioners who have secured a niche and have chosen to be cremated. Cremation must be arranged through a funeral home.
For any questions or comments, please click HERE to send an email.