Raise the Roof Capital Campaign Q&A
Why do we need to repair the Church roof now?
Saint Mark Parish has not engaged in a significant maintenance and repair of the flat roofs that cover our church and Sullivan Hall since the 1990’s. Unfortunately, by early 2017, the condition of the flat roofs now required attention. The roof area in question is that which covers the vestibule, the priest vesting sacristy, hallways to the restrooms, the 24-hour adoration chapel, and Sullivan Hall, including the solarium glass window structure over the coffee and donut preparation area. These roofs have been leaking for a number of years, which has also caused some structural damage. Because of that, it has become a top priority for the parish and the time is now for us to make the necessary investments to assure the long term structural integrity of this most important physical asset of our Parish.
How did we know what the extent of the problem with the roofs is? How much does it cost to fix it?
To determine the extent of the problem and to develop a plan to fix it, the parish hired an engineering consultant specializing in roofing design and repair to determine the extent of the problems and types of repairs required. He did multiple on-site evaluations and concluded that while the steep sloped roof covering the church is in relatively good shape, the flat roof areas described above were in need of significant repairs and replacement. Based on these evaluations, a detailed specification in the form of an “RFP” (Request for Proposal) was prepared and shared with a number of roofing construction companies who then presented competing bids. The engineering consultant evaluated those bids and chose the most cost-effective bid. The total project costs are $350,000. Specifically, the work includes tear-ing off the old roof surface material, replacing any wood damaged from rot, and designing and replacing the roof system with an insulated built-up, multiplied hot asphalt system that is capped with a heavy special granular cap sheet for durability. The solarium in Sullivan Hall and the interior ceiling tiles will be replaced, and parapet wall sealed.
It looks like work has already started. How was that arranged and why do we need to have a Saint Mark “Raise the Roof Capital Campaign” to pay for the costs?
Most of you are familiar with the recent construction activity around the church. The Archdiocese provided Saint Mark with a short-term loan to cover the costs of the work so that it could commence while the weather was favorable. But it is the generosity of our Saint Mark parish family who we are now asking to share in the cost of this project. Hence, we are launching the “Raise the Roof Capital Campaign” to raise the $350,000 to cover the cost of these needed repairs.
When does the Raise the Roof Capital Campaign begin?
The first part of the Raise the Roof Capital Campaign will run from October to November 30th 2017. We are asking parishioners to prayerfully consider making a pledge during this time. There will be presentations at the Sunday Masses on October 14th and 15th to provide more details. We are asking all parishioners to make their pledge preferably by October 31st and no later than November 30th 2017. Please note that your Raise the Roof pledge and your ongoing Stewardship pledge are different. The Raise the Roof pledge drive is a special fundraiser; parishioners are asked to maintain their regular Stewardship giving for the parish ministries to be successful and uninterrupted.
How long can I take to pay off my pledge and how can I pay it?
Making a pledge and paying off your pledge are two separate things. You can pay your pledge all at once, or over time (weekly, monthly, or quarterly) through December 31, 2018. You can pay by cash, check, credit card, ACH, or online. You can send in your payment to the Parish, or simply drop it into the weekly collection, noting of course that it is to cover your “Roofing Pledge”. There will be a special Raise the Roof envelope starting in the December envelope packet, for those parishioners who receive envelopes.
Are there other ways to fund my pledge?
Yes. You can give by Stock, IRA Contribution or other methods. For details on these contribution methods, contact the Parish directly. If your workplace offers matching funds, these are especially encouraged! And all contributions are tax deductible.
METHODS OF GIVING
PLEDGES VIA CASH OR CHECK
Simply complete your pledge envelope by selecting the amount of your pledge and down payment. Make sure to select your method of payment, monthly or quarterly. Please make checks payable to St. Mark Parish and note (Raise the Roof Campaign) in the memo line.
PLEDGES VIA CREDIT CARD, CHECKING/SAVINGS AC-COUNT OR ELECTRONIC FUNDS TRANSFERS
Your credit card or checking/savings account can be automatically charged (weekly, monthly, quarterly, annually) through the St. Mark Parish Online Giving Program – here: https://www.osvonlinegiving.com/149/DirectDonate/57688. We ask that you please return your completed pledge card to the parish office, notifying us that an online donation has been made, and the total pledge amount. For information on Bill Pay, please contact your bank for their procedures.
GIFTS OF STOCK
There are multiple benefits of donating gifts of stocks and bonds. The owner can avoid paying capital gains tax on the sale of appreciated stock and receive a charitable income tax deduction. The Archdiocese of Seattle is responsible for processing all appreciated security donations. Please contact the Parish Financial Services Office at (800) 422-5417, and ask your broker to complete this transaction. We ask that you return your completed pledge card to the parish office, notifying us that a stock or bond donation has been made.
An individual retirement account (IRA) account owner, age 70 ½ or over, can directly transfer tax free up to $100,000 per year to an eligible charity. This option can be used for distribution from IRA’s, regardless of whether the IRA owners itemize their deductions. Distributions from an employee-sponsored plan, including SIMPLE IRS’s and simplified employee pension (SEP) plans are not eligible. To qualify, the funds must be transferred directly by the IRA trustee to the eligible charity. Distributed amount may be excluded from the IRA owner’s income resulting in a lower taxable income from the IRA owner.