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How will we be recognized for our gift?
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Once the campaign is complete, an alphabetical listing of all who have supported this campaign with a financial gift will be mounted in the new Parish Hall. The listing will not portray the amount of money given by individuals, but simply represent the community effort it has taken to successfully complete the project.
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How much is every family expected to give?
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There is no "set" amount being requested. We are asking every family to prayerfully consider a gift of equal sacrifice - this amount looks different for every family as financial needs and abilities vary with every household.
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I don't want to pledge, but I would like to make a one-time gift. Is that okay?
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Some people choose to utilize the five-year pledge period in order to make giving generously more affordable for them. Others, however, choose to make a single investment with a check, cash, credit card or gift of stock.
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Is my gift to the capital campaign tax-deductible?
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Your gift to Visitation Parish, a charitable not-for-profit organization, is tax deductible to the extent provided by law. This requires that the donor itemize his/her deductions by using the appropriate tax forms.
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Why are we beginning with a preliminary goal of $4 million?
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While the immediate needs of the Parish campus total $6.25 million, we began this effort with a preliminary goal of $4 million, which reflects our parishioners' willingness to help as was shared in the preparation phase and parish surveys we received. The "gap" between the $4 million goal and the need of $6.25 million may be filled by exceeding the fundraising goal through the generosity of parishioners or alternative financing, which is outlined below.
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What are the other funding options to bridge any remaining gap between the $6,255,000 and $4,000,000 goal?
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There are many opportunities to make up the difference including a Memorial Gifts Program, a Bequests Program, and a monthly Building Fund envelope, all of which would bring in additional funds over the next 3-5 years. Any remaining portion after utilizing these revenue sources could be borrowed from the Diocese at 7% over 10 years. By meeting and exceeding the challenge goal, the option of borrowing money and taking on a parish debt would not be necessary.
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What happens if we make a pledge and our income drops? Is my pledge legally binding?
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No, pledges are not legally binding. If a family's financial situation should change, simply re-evaluate the ability to fulfill the pledge and notify the parish office of the change.
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If you have a question that has not been answered, please do not hesitate
to call Julie Campbell at the parish office, (630) 834-6700 x212.
