A Gift for the King

Last fall, our Chapel family was challenged with the "Widow's Mite" project to help pay down our mortgage principle. Last year, approximately $125,000 in donations were given and applied to the principle, resulting in a savings of $150,000 in interest alone. Our five year balloon payment comes due next fall, so we must refinance by November 2009.

"A Gift for the King" gives us the opportunity to reduce the mortgage principle before refinancing, thus putting us in the best possible position. If you would like to make a donation , there are green envelopes found in the pews which may be used for this project until the end of the year. These donations should be "above and beyond" our regular giving. You may also give anytime during the year, as many of you are already doing. This is a special "Gift for the King" to help reduce our mortgage debt.