Capital Planning Study
In recent weeks, you may have heard about a planning study Church of the Master will start Aug. 19. The study will provide our leadership your feedback about the possibility of a major fundraising effort to eliminate our church’s debt. The debt stems from our much-needed church renovation. We’ve hired the Steier Group, a local fundraising firm which assisted in our last fundraising effort, to conduct the study.
Here are details:
Q. What is a planning study?
A. The study gauges support for our plan to eliminate the debt and for a potential fundraising effort called a capital campaign. The study, which lasts four weeks, also will help identify possible volunteer leaders and set a financial goal should the church choose to move forward with a campaign.
Q. How will the study determine whether there is support?
A. The study involves surveying the entire Church of the Master community. The Steier Group will administer the study and survey. The firm will compile your feedback and present it to our church leadership. We will then make an informed decision about our plan and a potential campaign. Hiring an experienced, professional development firm like the Steier Group ensures an effective and successful planning study.
Q. Why should we conduct a planning study?
A. Many churches use planning studies when considering a fundraising campaign. It is a wise first step. That’s because the study provides valuable information on how everyone feels about the proposed plan and a potential capital campaign.
Q. What is a capital campaign?
A. A capital campaign is a fundraising effort for big projects and needs, such as major renovations, and eliminating debt. Capital campaigns fund specific needs. They are not for regular, ongoing costs, such as salaries and utility bills.
Q. What do you expect of church members during the planning study?
A. Initially, we will be asking only for your feedback and prayers. Your input and participation will help us make wise decisions about our plan and a potential campaign. You will be hearing more about how you can participate in the coming weeks.