Ministries > No Debt! Know Mission! Capital Campaign
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No Debt Know Mission

Karen Odegard
Development Coordinator

952-898-9321
kodegard@princeofpeaceonline.org

Jane Victorey
Finance Director

952-898-9313
jvictorey@princeofpeaceonline.org

 

No Debt! Know Mission!
Our goals are to grow in faith, to live purposely, and to give generously, all to God’s glory.

Update: Debt reduced below $3 Million!
 

We have paid more than $1.5 million on our debt in just 15 months! As of August 15, 2011, all net No Debt! Know Mission! proceeds have been applied to our loan, reducing our debt from $4,450,000 to $2,910,000. Over 800 families are participating in this campaign. Please check the links below if you would like to download a pledge form or pledge online.

During the campaign the interest savings will be used to replenish funds and build cash reserves. At the end of the campaign the savings in interest will allow us to turn mortgage dollars into mission and ministry dollars.

Thank you for your generosity! It is through the support of prayer, participation and the giving of everyone that we have the opportunity to be the hands and feet of Christ to our neighbors. It is our sincere hope that your giving not only deepens your faith in the One who provides all good things, but that it brings you great joy!

“I will give thanks to the Lord with my whole heart; I will tell of all your wonderful deeds.” Psalm 9:1

Give to the No Debt! Know Mission! Capital Campaign

No Debt! Know Mission! Campaign: The Details
 

No Debt! Know Mission! Campaign: The Details

  • Pay off the debt of $4.45 million, by receiving cash gifts and 3-year commitments (May 2010 – May 2013) over and above regular giving thus decreasing the interest payments from the general budget as the principal is reduced.

  • The interest payments will remain in the budget, but decrease over time as more principal is paid on the loan. During the appeal, the savings from reduced interest payments will be used to replenish restricted funds and build cash reserves, thus helping us to be in the strongest financial position possible at the conclusion of the No Debt! Know Mission! Campaign in three years.

  • The Capital Replacement Fund for critical capital repairs or replacements is a newly established fund. We have over $500,000 in equipment that is beyond its life expectancy, but we have no emergency funds to draw from for repair or replacement. This campaign is an opportunity to support the fund. Financial support of The Capital Replacement Fund is an additional gift decision beyond the 3-year debt reduction commitment.

Imagine the possibilities if we burn the mortgage
for our 50th Anniversary in 2013!

Please prayerfully consider what God would have you share financially toward No Debt Know Mission in 2011. In gratitude for God’s gifts to you, please complete a pledge card and place it in the offering bag during a worship service, mail it to the Prince of Peace Finance Office or complete the online commitment form by clicking on the link below:

Campaign Leadership Team
 

Core Group Leaders: Toni Anderson, Paul & Judy Gilje, Susan Jambor, Jeff Loftsgaarden, Pastor Jeff Marian, Karen Odegard, Kyle & Katie Pederson, Mike Raub, and Jane Victorey.

Advance Commitment Leaders: Ron & Polly Bergerson, Doug & Anita Cole, Bob & Charlotte Culbertson, Bernie & Kari Dusich, Mike & Lori Lehner, Paul & Judy Gilje, Pastor Jeff Marian, and Phil & Sally Preuninger.

Creative Arts Leaders: Handt & Kathy Hanson, Tim & Wendy Horton, Kyle & Katie Pederson, and Liz Ridpath.

Special Event Leaders: Pat Andersen, Dave & Marlys Herstad, and John & Jan Palmquist.

Telephone Host Leaders: Dan & Nancy Fouberg, Mike Raub, Rich Kochmann, and Steve & Teresa Manhart.

Spiritual Emphasis Leaders: Pastor Claire Cassell, Katie Pederson, Ron & Connie Everist, Ed & Dorothy Hansen, and Ken & Marilyn Nordaune.

Children & Youth Leaders: Dietrich & Emilie Drenkow, Jeff Loftsgaarden, and Jessica Olson.

Board of Directors: Joe Baer, Garret Beck, Terry Gallagher, Wendy Horton, Jerry Knutson, Jon Mendel, Bill Newton, Dave Peterson, and Marilyn Tubbs will be playing a significant role in this campaign as well.

Downloads and Resources
 

We ask the future leaders of Prince of Peace some pressing questions.

email website questions here ELCA