6. One million dollars would be used for the facility improvements and the second million dollars will fund an endowment for the Parish. An endowment would offer a sustainable source of income for the parish by preserving the principal and ensuring long-term financial stability. The objective is to celebrate 100 years as a parish with strong financial resources to support future needs.
7. Any amount over and above two million dollars would be utilized to reduce the mortgage balance. Currently, the parish pays over $110,000 per year on the $1.3M mortgage which applies to the interest and minimally reduces the principal. Please note: Should the parish indicate that the debt is of greater importance than the endowment, the priorities may change.
10. Do you know of anyone who would make a good campaign chairperson? Please list below.