UPDATE: April 10, 2025

Dear beloved All Saints community:



With continuing gratitude, the vestry is returning to you with updated information on the Close the Gap campaign. 

As a reminder: 

• The vestry passed a 2025 budget in January that reflected some very difficult financial choices but still anticipated a deficit of approximately $100,000. Our goal for the campaign was to raise $250,000 that would close the deficit gap and fully fund our programs and operating expenses. 
• The original budget did not provide cost of living wage increases for any staff or clergy, made an empty full-time position part-time, and cut our community outreach grants (though not our outreach programs), among other difficult financial decisions.
• The campaign was necessary because, despite having reduced our parish debt considerably, the parish currently has minimal unrestricted cash reserves and insufficient long-term savings.

Since our initial report to you in March, we have been finalizing reporting related to the campaign. With additional pledges and updated financial information, we are happy to report that the Close the Gap campaign raised $170,000 in combined pledges and donations. It is an astounding result, and while we did not reach our goal, it is evidence of the deep devotion you all have for our parish. 

At its March meeting, the vestry approved a new 2025 budget that incorporates the additional financial contributions and pledges. The new budget eliminates the deficit and adjusts our ongoing financial commitment to the diocese, which is based on our revenue. At this time, due to our lack of strategic reserves, we do not feel it is financially responsible to make any other adjustments to the budget. If there is an unexpected expense, or if all of our pledge income is not received, we would not have the means to address the problem.

However, if toward the end of this year we see that our financial situation has stabilized, we may consider additional spending in three priority categories: support for our staff and clergy; outreach grants; and additions to our reserves for building repairs and maintenance. 

As promised in our commitment to financial transparency, we are enclosing the updated budget, as well as our income and expenses thus far in 2025. Going forward, you will see monthly financial updates in the Sunday bulletin as well as in our parish emails. You will be hearing from us soon about an ongoing approach to stewardship that relies on a broad, sustainable funding model, and is rooted in honoring the amazing programs we offer at All Saints.

Once again, thank you for your sacrificial contributions to bring All Saints back to a more secure financial position. Your vestry is grateful.