Q:   What is a Capital Campaign?

A:   A capital campaign is a once-in-a-generation opportunity for a congregation to come together and invest in its future.  It is a means to define and realize our vision of what UUCV can become.

Q: How much input will I have in the Capital Campaign?

A:  Key decisions will be voted on by members at each stage.  After the visioning input phase, congregation decisions will include selecting project packages, the amount to be raised and a final decision whether the Capital Campaign drive should be initiated.

Q:  When will the Capital Campaign start?

A:  First, there must be a formal vote (tentatively on April 15th). The actual Capital Campaign pledge drive will kick off in August 2018.

Q: How long will I have to pay my pledge to the Capital Campaign?

A: Up to 3 years. While contributions can begin immediately in the fall, the 3 year window lasts until December 2021.

Q: When will we see results of the capital campaign?

A:  As soon as sufficient money is contributed projects will begin.  As more funds are received additional projects will be completed.  Often up to 50% of monies are received in the first year.  Therefore, some projects could happen quickly.  Others may not see completion for 3-4 years.

Q:  Is this campaign limited to building needs or will it include new programs and services?        

A:  This depends on input from the visioning Cottage Meetings and decisions made by membership vote.  There is no skirting the fact there are major building repairs needed.  But, the campaign packages hope to incorporate new initiatives.

Q:  Who creates the three project packages?

A:  The six person Project Planning Team is tasked with forming 3 packages which address needed building restoration and new initiatives.  The building list was established by a collaborative effort of the B&G Chairs and Board members.  New initiatives (programs, staff, and enhancements) are determined based on tabulated congregational input during the cottage meetings.  The Project Planning Team will work in consultation with various professionals, the CC Steering Committee and the Board.

Q:  What are the priorities for using capital campaign funds?

A:  Building priorities will be based on: safety & security, “welcoming” access, energy efficiency and reduced maintenance expense.  For example, repaving the parking lot is a safety issue and replacement windows address energy efficiency and security.  Additional priorities tabulated from the Cottage Meetings include community outreach, congregation growth (especially young families), expanded staffing, enhanced kitchen capabilities and outdoor play area.

Q:  How can we make our building more accessible to everyone?

A:  Cottage meetings raised the idea of not just meeting ADA “compliant” standards, but going a step farther to be ADA “welcoming”.  This idea would alter how we tackle the initiative.  Some projects being researched include: a wheelchair accessible main entrance, and reconfigured bathrooms.  Imagine a bigger dream and price point – a more welcoming, wide-open lobby for enhanced mobility and new comer activities.

Q:  How will this payment affect my annual pledge to UUCV?

A:  UUCV needs to maintain the current annual budget to meet expenses.  Thus, personally, we cannot reduce our annual budget commitment.  The Capital Campaign is a separate initiative for the specific items described in the three packages. These will be two separate payments.

Q: What financial strategies can I use to pay my Capital Campaign pledge?

A: Payments could be made in a lump sum, once each year, monthly and by check, auto payment or credit card. People often use creative options : interest from an investment, lump amount from a matured CD, part of an inheritance, bonus check, sale of an unneeded camper or car, lottery payout, taking a less expensive vacation, etc.  We will each need to explore possibilities and find our own best strategy.

Q: What happens if we vote to approve a package, but don’t reach our goal during the campaign?

A: The financial feasibility study should preclude this. If it happens we will decide then as a congregation how to proceed.

 

Additional Questions and Answers on Financial Issues