- Are the building plans final, or can I still make suggestions?
- Can pledges be given in assets other than cash?
- Do pledges toward the campaign have tax advantages?
- How do we make a pledge?
- How long will the capital campaign take?
- How much time do I have to fulfill my pledge?
- How will Central pay for these additional operational costs?
- I really have a lot of things up in the air right now. Do I really need to make a pledge now?
- Is it better to be “cautious” or “optimistic” when making my pledge?
- Is it necessary to have someone visit us?
- Is this project going to be done in phases?
- What impact will the new building have on operational costs?
- What is the financial goal of our capital campaign?
- When will we have to make a commitment?
- Who is being asked to support the capital campaign?
- Who will know how much we pledged?
- Will the monies pledged be used for anything other than the proposed plans?
Are the building plans final, or can I still make suggestions?
At this point the plans are conceptual. They are far from final. Feedback is welcome at any time. In fact, it’s one of the reasons we’d like to visit with you. Many changes and adjustments will continue to be made based on your feedback and the results of the capital campaign.
Can pledges be given in assets other than cash?
Yes. Giving appreciated financial assets (stocks, bonds, trusts, life insurance, annuities, etc…) and appreciated real estate are especially beneficial, because the donor may enjoy certain tax advantages, particularly when given directly to the school for sale by the school. The charitable deduction value of a gift of appreciated assets is the asset’s value at the time of transfer to the school.
Do pledges toward the campaign have tax advantages?
Yes. All contributions made to Central Lutheran School are tax deductible, however it is always important to consult your tax accountant or financial planner for details on your specific situation.
How do we make a pledge?
You will be visited personally by a fellow school volunteer. He or she will explain the plans for the campaign in more detail and will give you an opportunity to ask questions, so that you fully understand the school’s vision. They will ask you to “consider” a specific gift to the campaign and to fill out a pledge card.
How long will the capital campaign take?
Our goal is to conduct a very focused capital campaign that can be completed by this spring. However, there will always be an opportunity for interested donors to contribute as long as there is a need
How much time do I have to fulfill my pledge?
We are suggesting that you consider a pledge that can be fulfilled over a period of 5 years. The earlier you can begin paying the pledge, the better it will be for the school since there are immediate costs involved including architectural fees, permitting, etc…
How will Central pay for these additional operational costs?
Operations are paid by income received from tuition. The increased capacity of the school, particularly in the preschool, will allow for continued student growth. Current projections are that growth in income from additional students would more than pay for the operational cost increase resulting in minimal to no impact on tuition. (Contact the school board to see details regarding operational cost and student enrollment projections.)
I really have a lot of things up in the air right now. Do I really need to make a pledge now?
There are probably very few times in life when there aren’t a lot of things ‘up in the air.’ Our lives are very challenging. Each donor will need to make a decision that is best for themselves and their family. We only ask that you also consider the best interests of your school family in your decision as well.
Is it better to be “cautious” or “optimistic” when making my pledge?
The campaign committee’s advice is to be “reasonably optimistic” regarding your pledge. The pledge card is not a legal document, but a statement of your best intentions. The school will be trying to make reasonable plans for the future based on the total amount pledged. In this case, being overly cautious could be just as much of a challenge to the planning process as being overly optimistic. To help the school’s planning process, our advice is to be reasonably optimistic. If you think that “We’ll probably give more…” then it would be helpful to indicate that amount on the pledge card now, rather than later. It would be disappointing if the project were scaled back, only to see the money come in anyway. We can always go back and add pieces of the project back in, but that always brings a significant increase in costs.
Is it necessary to have someone visit us?
Our goal is to visit everyone personally. This is a significant campaign and it’s important that everyone understand the vision for this project and what it will take to be successful. This is better explained in person rather than just a brochure or letter. We also value everyone who is a part of the CLS family and believe that everyone deserves the respect of a personal visit.
Is this project going to be done in phases?
Because so many pieces of the project are interconnected, the goal is to raise enough money in order to complete the entire project. We do not envision spreading this out over a period of years and phases which would be far less efficient and much more expensive. However, there will definitely be a construction schedule in order to facilitate the least amount of disruption to the school year as possible. This order has not yet been determined since CLS is still at the ‘concept’ stage. Once the campaign is complete and CLS knows about how much money has been pledged, an architect can begin creating actual blueprints and can then determine how best to proceed with minimal disruption to the school day.
What impact will the new building have on operational costs?
A larger building brings increased costs for upkeep and utilities. However, the impact is not as much as you might think. A preliminary analysis by the building committee and Design Collaborative has shown an increase of approximately $129,000 per year which includes general maintenance, utilities, wages and property insurance. One of the advantages of the building renovation is that many of our systems will be brand new and under warranty, reducing maintenance costs significantly for a number of years.
What is the financial goal of our capital campaign?
The total needs of this campaign are approximately $10 million.
When will we have to make a commitment?
Since the campaign is scheduled for a limited number of weeks, it is important that pledges be made as quickly as possible after you have been visited. Take all the time you need, but please hurry! Most families find that they can make this decision within one week
Who is being asked to support the capital campaign?
The entire CLS family including association church members, parents, alumni, interested members of the community, etc…
Who will know how much we pledged?
This information is given in confidence to only a few people who will receive and record gifts. Essentially, your pledge is confidential