St. Matthew Church in Charlotte pays off parish debt
Last Updated on Friday, 13 April 2012 11:24 13 April 2012
CHARLOTTE — St. Matthew Parish in Charlotte recently completed a fundraising campaign for its school and two other facilities at the parish. The fundraising was finished early because of, in part, a special capital program among parishioners.
The parish took out a $10.4 million construction loan in 2002 to build the New Life Center, daily Mass chapel and Education Building.
Parishioners contributed to a regular parish debt collection and in the "Be My Hands and Feet" capital campaign, and according to the parish's finance council, parishioners' generosity "allowed us to pay off the debt a year and a half early, saving us approximately $350,000 in interest cost."
Because parish facilities range in age from eight to more than 20 years, see heavy use each day and some require "significant repairs and upgrades," the parish has begun a "Renew St. Matthew" monthly collection, which started April 1, to pay for these improvements.
-- Catholic News Herald