The first four months of Legacy of Faith…Moving Forward presents a classic good news/bad news scenario.
The good news is really good! So far, LFMF has received enough in gifts each month that Faith has been able to meet its mortgage payment without using any reserves. With a monthly payment around $19,000, that is quite an accomplishment. Thank you for your generous support!
The bad news is not really bad, but more like “not-as-good-as-we’d-like.” So far, LFMF has not received enough in gifts to warrant any principal reduction payment that would shorten the life of the loan and reduce the monthly payment. Additional offerings, planned and estate gifts could greatly reduce the total cost of the mortgage to the church. Are there ways that you or someone you know could help make that difference?
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