Foundation reports on endowment campaign results

The 2007 Convention celebrated the conclusion of the initial phase of the Diocese’s first Endowment Campaign. We are delighted to report the results of this ambitious project through the first quarter of 2008.

The following congregations participated in Campaigns to raise funds for their own programs and needs: St. Paul’s - Kennewick, Nativity - Lewiston, St. Martin’s - Moses Lake, Cathedral of St. John the Evangelist - Spokane, St. Andrew’s - Spokane, St. Stephen’s - Spokane, St. Luke’s - Wenatchee, and St. Michael’s - Yakima.

The Diocese underwrote much of the campaign costs to the congregations, which has been repaid by tithes from the participating churches. Less those tithes, the total pledged to these congregations is approximately $3 million.

At the same time, the Renewing Our Mission Campaign raised an additional $1.26 million for the Diocese, to be distributed to two endowments within the Foundation. These funds are designated to endow the Episcopate and to endow church growth and development.

Tithes accounted for approximately 24% of the total funds received by the Diocese, while other congregations held fund raising activities specifically to directly benefit the Diocesan campaign.

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