Capital Campaign

Proposal First Presbyterian Church of Quincy

Informational Meeting Oct 7, 2012

Process Timeline

Oct 7: Informational Meeting

Oct 14: Congregational Vote

Process Timeline (Cont) Oct 17: Trustees of Presbytery

Nov 26: Presbytery Vote

Jan 1: Anticipated commitment on financing

Feb 1: Approximate date for release of funds

The Project Capped at $500,000

162

78 66

42

36 21

20 30

45

By the Pieces ($000)

Elevator

Parking Lot

Floors

Rhino Shield

Bathrooms

Electrical

Windows

Misc

Contingencies

A Big Bite of the Pie ($000)

To Be Raised,

$375

Known Intent, $100

Cash on-hand, $25

Financing of Capital

Improvements Presbyterian Church Investment and Loan Program

(PILP) – Lender

3.8% - Annual Interest Rate

20 years – Term of the Loan

$2,233 – Monthly Payments

Traditional Payment Structure

$ 375,000 – Amount to be Financed

$ 161,000 - Interest Paid Over 20 Years

$ 536,000 - Total Amount Paid Over 20 Years

Pre-Payment Options

Increase Monthly Payments

Annual Lump Sum Payment Towards Principal

(Paid at the end of each year)

Pre-Payment Options Increased Monthly

Payments

$4,642 – Additional Monthly

Payment

$6,875 - New Payment Amt.

$37,300 – Interest Paid

$412,300 – Total Paid

5Yr – Life of the Loan

Annual Lump Sum

Payments

$57,000 – Additional Annual

Payment

$42,100 – Interest Paid

$417,100 – Total Paid

5Yr – Life of the Loan

Comparison of Three Payment

Options

Traditional Payments

Additional Monthly

Payments

Additional Annual

Payments

Annual Payment Amount $ 26,796 $ 82,500 $ 83,796

Total Interest Paid $ 161,000 $ 37,300 $ 42,100

Total Amount Paid $ 536,000 $ 412,300 $ 417,100

Savings vs Traditional Payments $ 123,700 $ 118,900

Example 5 Yr Pledge Amounts and # of Gifts for $375K Campaign

0.0

10.0

20.0

30.0

40.0

50.0

60.0

70.0

80.0

90.0

1 Gift 2 Gifts 4 Gifts 8 Gifts 14 Gifts 22 Gifts 45 Gifts

$25K

$20K

$15K

$10K

$5K

$2.5K

$1K

So far, by faith;

and by faith for today

and for the future