St. Alban's Episcopal
Thanks to the successful launch of our Capital Campaign in 2018, St. Alban’s was able to repair and improve our Sunday school building and church. In addition to fixing termite and water damage, this project included building a new, larger kitchen and expanding our classroom space. The work was finished in the fall of 2019, and the church has put our new space to use in forming disciples and serving the community.
Because the building repairs were more extensive than originally planned, we have extended the original three-year Capital Campaign by an additional year, to carry us through 2022. Our goal is to raise as much as possible to pay down our current revolving line of credit balance before it matures in the summer of 2022. When the Line of Credit matures, it will be converted to a 15-year monthly payment loan with monthly payments based on the then current loan amount. Needless to say, the lower the beginning balance of this loan, the lower the monthly payments will be.
We need your help as we endeavor to reduce the debt as much as possible before it is converted to a monthly payment. Please consider making a one-time donation or a pledge to the Capital Campaign.
|Total Cost of Repairs and Improvements:||$438,300|
|Current Capital Loan Balance:||$150,000|
|Outstanding Capital Campaign Pledges:||$ 56,400|
|Additional pledges needed to pay off loan balance:||$ 93,600|
Checks with the note “Capital Campaign” can be mailed to St. Alban’s Episcopal Church, or electronic contributions may be made through PayPal by clicking on the yellow “Donate” button and specifying “Capital Campaign.”
Thank you for your support,
St. Alban's Episcopal Church
5930 Warrior's Trail
Vicksburg, MS 39180