Appeal Financial Advisory Subcommittee Report – Submitted by Bob Frymoyer Next meeting on TBD. Summary:
1) Please see item number 4 of the Finance Chair's report for updated data through January on the financials related to the appeal and loan balance.
2) Due to strong January giving we ended up the month with an ability to pay down an extra $20,000 on our loan which now has a balance of $148,000 (after February payment, while retaining at least one month debt service payment and all remaining interest due in 2022 in the Appeal Fund).
3) January receipts include several one-time additional contributions beyond pledges as well as annual RMD giving.
4) Receipts from several large pledges likely will not be realized.
However, continued monthly giving may likely be $4,000 to $6,000 per month.
5) SO, PLEASE REMIND OTHERS THAT $1 IN GIVING NOW YIELDS $1 IN DEBT REDUCTION, AND EXERCISE YOUR LEADERSHIP THROUGH YOUR OWN ADDITIONAL GIFTS!