“Bountiful Blessings” is the name of our fund to pay our current mortgage. Our accounting practice is to keep our mortgage separate from our general fund for ongoing ministry, and that’s reflected in the fact that there are separate Bountiful Blessings envelopes whenever your offering envelopes come in the mail. Many members give generous Bountiful Blessings gifts to pay for the building that supports our ministry. Over the last 14 years, those gifts have allowed us to pay down our $3.5 million mortgage to just over $2 million today while never missing a payment.
We need to keep supporting our mortgage through construction and beyond. Therefore, Bountiful Blessings will continue until our current mortgage is paid off, either through gifts received or as part of the initial draw on the construction loan. So, if you have been giving toward Bountiful Blessings and want to continue, by all means, keep doing so! The more we can pay down our current mortgage, the lower our future mortgage will be after we construct our new sanctuary.
On the other hand, we’ve heard from people who are passionate about supporting the new sanctuary construction. If that’s you, then by all means, join with us in building up funds for construction!
“Bountiful Blessings” gifts will go toward mortgage repayment. “Building Connections Fund” gifts will go toward building expansion. You should find both kinds of envelopes in the next packet you receive in the mail, and both options are available for PushPay gifts as well. In the end, both kinds of gifts serve the same purpose—providing the building we need to carry out gospel ministry here in Lake Mills.