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Channing Memorial Church |
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February 21, 2009 — Channing Memorial Church
Frequently Asked Questions regarding the Capital Campaign
How do I donate stocks or make automatic bank transfers?
Call or e-mail Treasurer Russ Milham for details: 401-847-7637 or treasurer@channingchurch.org.
What’s the relationship between a capital campaign pledge and an annual pledge?
Each year you are asked to pledge to support the annual operating budget for that fiscal year. For the first time in about 25 years the church needs to raise funds for an extraordinary capital improvement, too. You are being asked to pledge separate amounts for each project.
If I can’t give more, can I split my pledge between canvass and capital campaign?
The annual operating budget must come first; please don’t reduce your annual pledge to make a larger pledge to the Capital Campaign. But consider that you can pay your pledge to the Capital Campaign over more than one year, and give as much as you can.
If I commit to a donation to the steeple project, can I pay in installments?
Some of us plan to make our payments monthly, others quarterly or annually. All may be made over three years, or even five if necessary.
What funding is already available for the project?
As of mid-November, the following funds are available:
Arthur Barrows bequest $111,794
Prince Trust grant 2008 $100,000
Prince Trust grant 2006 $ 13,125
McBean Trust grant 2008 $ 50,000
Member donations $ 49,875
Van Bueren Grant $100,000
Save America’s Treasures Grant $440,000
Total $864,794
What is the proposed timeline for fixing the steeple?
Beginning in the spring of 2009, the bells will be removed, scaffolding will be erected and, depending on damage, 25 to 45 feet of the steeple will be disassembled. The rebuilding of the steeple will be completed by the fall of 2009.
What are the estimated project costs?
The current estimated costs are approximately $1.2 million. Your visiting steward will have a more detailed handout available, but many costs are still estimates.
When will the actual project costs be determined?
Once bids are in and contracts signed, by sometime in early spring, we’ll have a better idea of the costs, but until the steeple is dismantled and the extent of the damage evaluated, we won’t have a clear picture of the costs.