Our monthly mortgage payment is $8,800, or $105,600 annually. Maintaining a bank balance equal to 9-months of payments would be optimal. Contributions are welcomed throughout the year and are invested with our Endowment until needed. Paying off the mortgage at an accelerated rate would significantly reduce the interest cost of the loan.
After the mortgage has been paid, continuing to grow the Fund will enable Trinity to pay future capital costs (major repairs, improvements, or additions to facilities) without borrowing or initiating a capital campaign.
The ability of the 2nd Century Fund to achieve these objectives depends upon the willingness of Trinity parishioners to adopt a practice of longer-term financial stewardship in addition to our traditional stewardship needs expressed by our annual campaign.