Fulfilling the Promise FAQs
HOW DO I MAKE A PLEDGE?
Simply request a pledge card and fill it out. Most pledges will be five years in length. For example, a $10,000 pledge will often be paid $2,000/year for five years. Given tax reform, it might be advantageous for you to pay the entire pledge in one year. Pledges can be immediate or they can stretch as long as seven years. You can also pledge appreciated stock or land, or you can make an estate gift. There is great flexibility in the way pledges can be structured, depending on your tax situation and personal income needs.
WILL ALL MY PLEDGE BE USED FOR THIS CAMPAIGN OR WILL SOME GO TO THE DIOCESE?
Your pledge will be spent on direct costs associated with the campaign and the Diocese will not receive any portion of it. Due to the fact that we are not using a consultant or professional fundraising firm, and that all administrative costs will be covered by funds left over from the first campaign, we can honestly say 100% of your money will be spent directly on this project. This is a campaign by OLA for OLA and will be run very efficiently.
WHAT IS THE TIMELINE? HOW LONG WILL IT TAKE TO RAISE THE NECESSARY FUNDS?
Our goal is to raise the necessary funds by Thanksgiving. Concurrent with fundraising, we have also begun the permitting process with the County. If all goes well, construction will begin in 2019. The Preschool will be housed in temporary portable classrooms during construction.
I DONATE MONEY REGULARLY AT MASS AND/OR THROUGH SCHOOL FUNDRAISERS. WILL THOSE FUNDS BE USED FOR THIS CAMPAIGN?
No. It is important to note that the Capital Campaign is a special way to meet the parish’s needs that cannot be met through the weekly offertory or school fundraisers. Therefore, any gift to the capital campaign should be viewed as above and beyond your weekly offering and school contributions, which support the day-to-day operations of the parish and school.
IS MY GIFT TO THE CAPITAL CAMPAIGN TAX DEDUCTIBLE?
Yes. All gifts to the Fulfilling the Promise campaign are tax deductible to the extent the law provides. Please consult your tax advisor for information on your personal tax situation.
WILL DONORS BE RECOGNIZED?
Absolutely. There will be a donor wall in the entrance to the new Parish Hall. Donors will be recognized for their total gifts in Phases 1 and 2. So, if you gave $10,000 in the first phase and pledge $15,000 in the second phase, that would put you at the $25,000 level. There are also numerous Naming Rights still available, including for the Preschool and the Youth Hall. Naming Rights don’t have to be tied to the donor’s name. A donor could use the Naming Rights to honor a parent, teacher, or priest.
For any further questions please contact Kelly Brothers, Campaign Chair, at firstname.lastname@example.org or Elisabeth Gustorf, Campaign Coordinator, at email@example.com or 916.481.5115 ext. 203.