During the first 12 months of the $200,000 Capital Campaign, the WAC received 134 donations from 72 individuals and businesses.
This allowed us to pay off the $137,000 balance on our mortgage on September 17, 2024. This saved the WAC over $105,000 in interest payments and reduced the WAC’s monthly costs by $1,208.
Now it is time to finish the work!
We will officially kick off the second phase of the Capital Campaign on Saturday October 12, 2024, at 6 pm at the WAC, to begin a three month push to raise the remaining funds need to establish a $50,000 capital reserve.
Nonprofits organizations owning a building need to maintain a capital reserve to cover future capital costs. Over time all buildings need to replace heat and air conditioning systems, roofs, windows and make general overall improvements to maintain the value of the property.
We are asking members, their families, friends, and colleagues for support. Please consider being a part of this especially important mission by making a tax-deductible donation to the WAC. Thank you for your consideration.
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