November 10, 2016
July 31, 2016
The Diocese of Trenton recently introduced Faith to Move Mountains, an endowment campaign to support Diocesan ministries, parishes, schools, and social services. Every parish in the Diocese has been assigned a financial goal based on weekly collections to help meet the needs of parishes, schools, and ministries. Here are answers to common questions about the campaign.
What is the fundraising goal for St. Gregory the Great?
Wasn’t there a parish about raising more money than our goal? What were those results?
Earlier this year, we asked for your input to assess the feasibility of raising additional money beyond the goal established by the Diocese in order to fund various campus projects. Based on feedback from this study, we decided not to pursue a larger, combined campaign, but instead focus on the standard Diocese campaign, primarily due to current economic conditions.
If we meet our goal, how much will money will our parish keep?
$634,500, which is based on a standard formula the Diocese is using to enable parishes to benefit from the campaign as well.
Assuming we reach our goal, how does St. Gregory the Great plan to use the money we are able to keep? The Faith to Move Mountains Core Team and our pastor, with the concurrence of the parish Finance Council, believes the best approach is to invest Faith to Move Mountains funds in upgrading our facilities, including the parish center and church basement.
What kind of upgrades?
The bulk of the money would be used for the parish center, where we would invest in Green projects, which would not only upgrade the building, but also reduce operating costs. Parish center upgrades include plumbing and lighting/electrical improvements, HVAC replacement (5 units), roof repairs, and solar panels. We also hope to finish the church basement to add meeting space and provide much needed space for community events.
But what about our debt? Should we invest funds there instead?
All options were carefully and thoughtfully studied prior to arriving at the recommendation to devote the funds to facility upgrades as being more fiscally prudent in the long run. The amount of money potentially available would fall far short of eliminating the nearly $5 million the parish owes in terms of our mortgage and money due to the Diocese. However, using the money for facility upgrades – including the planned Green initiatives – are essential for continued viability and usability of that building and has the potential to significantly reduce our operating costs on a sustainable, long-term basis. Meanwhile, the Finance Council is continuing an in-depth exploration of ways to address and shrink the parish debt as quickly as possible.
When does the campaign begin?
The Faith to Move Mountains fundraising effort will officially kick off this summer and run until January 2017. Contributors will have 3 to 5 years to complete their pledge payments.
Where can I get more information?
Visit our website at www.stgregorythegreatchurch.org/f2mm or the Diocese of Trenton’s website at www.faithtomovemountains.org
Faith to Move Mountains is a Diocesan-wide campaign seeking to raise a minimum of $75 million over the next five years to secure the sustainable endowments needed to enable our Church to flourish for generations to come.
Unlike the Annual Catholic Appeal, which addresses the day-to-day operating expenses of the Diocese, this campaign will establish endowments to respond to critical long-term needs and serve as a permanent and self- sustaining source of financial stability for the Diocese. Once established, the funds will continue to grow through the reinvestment of interest and earnings, as well as additional gifts. Through this, the endowments will provide support for the following needs in perpetuity:
Our Parishes ($30 Million): 30% of all funds raised through the Faith to Move Mountains campaign will remain with the individual parish. Once a parish has reached its goal, the allocation of funds will reverse and the parish will receive 70% of all additional monies collected. For those in a combined campaign, like Saint Gregory, 100% of funds raised beyond its Diocesan goal will be allocated exclusively to the parish to address its own local needs. Additional funds will provide an endowment for parishes experiencing critical financial circumstances.
Ordained Ministry ($20 Million): Funds raised will increase the current endowment supporting our retired clergy, who have dedicated their lives to their parish communities. In the next 10 years alone, 44% of our priests will be eligible for retirement. Additional costs will support our growing class of seminarians and expand the diaconate program to serve communities requiring sacramental preparation and spiritual direction.
Catholic Schools ($15 Million): Funds raised will provide additional sponsorships for “seats” at a school reflecting the total cost of educating the student, support our “Mission Schools,” which serve underprivileged children from ethnically diverse communities with limited access to a quality Catholic education, and provide administrative and operational support to continue building the Catholic Alumni Partnership (CAP) program.
Catechesis and Evangelization ($5 Million): Funds raised through this campaign will help train catechetical leaders, provide further opportunities for lifelong faith learning, and build our evangelization ministry.
Social Services ($5 Million): Funds will be awarded as grants to parishes and Catholic Social Service agencies responding to the increasing needs of those struggling in their communities. The social services endowment will also provide professional assistance to parishes with a critical need for counseling services among their parishioners suffering from addiction, loss of a loved one, divorce, and mental health issues.
FAITH TO MOVE MOUNTAINS
FEASIBILITY STUDY FINDINGS AND RECOMMENDATIONS
ST. GREGORY THE GREAT CHURCH
Faith to Move Mountains is a Diocesan-wide campaign seeking to raise a minimum of $75 million over the next five years to secure the sustainable endowments needed to enable our Church to flourish for generations to come. St. Gregory the Great recently completed a study to assess our ability to raise additional funds for parish needs, over our Diocesan campaign goal of $2,115,500. St. Gregory the Great parishioners were invited to participate in this campaign planning and feasibility study through either a personal interview or survey to discuss the following:
|Number of Interviews||33|
|Number of Survey Responses||172|