Enduring Hope: Debt Reduction Update

by Kelsey Crouch-Dodson, Director of Stewardship and Nicole Cueno, Senior Director of Finance and Operations

This fall Westminster announced the successful completion of the Enduring Hope campaign. Together, Westminster celebrated the culmination of a decade-long project in which the church raised $93 million to fulfill a bold vision: create a sustainable future so Westminster continues to thrive for the next 100 years.

Thanks to the generosity of the Westminster congregation, the church was able to make two significant payments toward our final remaining loan with Presbyterian Investment and Loan Program (PILP).

On the last Sunday before his retirement, Senior Pastor Tim Hart-Andersen presented a $5 million check to PILP CEO and President Jim Rissler. In December, the church was able to make another significant paydown of more than $2 million on our PILP loan. It is a testament to the strength of this congregation that we have been able to pay down over 80% of the original debt taken on during the capital campaign!

Thanks to the ongoing generosity and payments on Enduring Hope and Open Doors, Open Futures pledges, we will continue to be able to paydown our loan and remain committed to the planned gift schedule that is part of the mission component of the two campaigns. Together, we are creating a sustainable future for the church and supporting the critical work of our mission partners.

© Westminster Presbyterian Church | 2024