Our 2020 Capital Campaign Off to a Good Start
As we announced last week, our 2020 Capital Campaign, will involve the replacement of corroded and, otherwise damaged, sections of the original and existing hot water iron pipes being used in our heating system, and replacing these sections with state-of-the-art-black heat piping. As we mentioned, the project is quite extensive. It will involve the removal and replacement of an estimated 1,500 feet of very large iron intake and distribution pipes in the basement. The time had come to realize that repair was not an efficient option and that replacement of damaged pipe sections, although costly, would provide our Home with the optimum protection for our Residents in the winter and provide us with the best return on our capital investment.
We also advised you that we have selected a fully licensed and insured contractor who can complete the project for $238,000. We are very pleased to announce that the 2020 Capital Campaign is off to a good start. We are humbled by the number of early donations which as you know, will be kept in a restricted fund for this project.
Of particular note, we were most grateful and humbled to receive a benefactor’s IRA Required Minimum Distribution for 2020 specifically earmarked for the Capital Campaign. The amount of the donation was $15,000. Blessed be God!
We know how difficult times are. All we can do is humbly ask you to consider supporting this project as your personal circumstances allow. Prayers are always encouraged and welcomed as well. Be assured every dollar collected for this Capital Campaign will be held in a separate account and only dispersed as progress on the project occurs.
In addition, we will actively pursue all available grant opportunities for which we may qualify, to assist in the funding of this Capital Project. In the interest of being as transparent as possible, we will keep you posted as to the progress we are making to achieve this capital project.
Thank you for your prayerful consideration.