Where Does Our Money Go?
Where Does Our Money Come From?
Approximatley 80% of our budget has to be raised from pledges and giving via the offertory plate. The remaining 20% comes from special gifts, rents and other sources of income. Although we have an endowment fund, it is still growing and contributes less than 5% of our operating budget each year. Therefore, we depend each week on the giving of our parishioners to maintain the considerable array of ministries that comprise the Cathedral’s daily life.
Where does our money go?
St. Paul’s Cathedral is committed to being good stewards of what is given. Each year, our Chapter and its finance committee plan our budget and evaluate each expense in light of our overriding mission -- To be an open and inclusive community, to fulfill the Great Commandment by loving God with all our heart, mind, and strength, and by loving our neighbors as ourselves, and to aspire to Worship weekly, Pray daily, Learn constantly, Serve joyfully, and Live generously.
Did you know?
- Average annual pledge to St. Paul’s is $2,150
- In 2011, our pledge income needs to increase 12% just to maintain our current programs and ministries
- You can transfer stock to fulfill your pledge
- 80% of our operating income comes from pledges and the weekly offering
What do things cost?
- Lighting & heating the cathedral is approximately $4,200 each month
- Weekly cost of coffee hour, $163
- Telephone costs for one year, $14,500
- Providing a nursery school each Sunday, $125
- Printing our bulletin each Sunday, $289
- Monthly janitorial & maintenance, $6,000
