Stewardship & Finances
Our restricted endowment has a balance of approximately 1.5 million. Those balances continue to grow and have been utilized to fund various ministries in our parish.
Our general endowment has a current balance of just under 1 million. 6 years ago, that balance was approximately 2 million dollars. Due to instability in the market and taking large draws from that to balance our budget we have overspent that endowment. We are working hard to creatively look at our finances and ways to lower our reliance on our general endowment to protect that asset for future use.
Over the last few years, we have had to accept that we are no longer a big congregation. We are a small congregation worshiping in a large church building. The costs to maintain our building are large and generally fixed. We are working to develop alternative revenue sources by renting out portions of our building. That has helped us start to bridge the gap in our budget.
INCOME
Christ Church Fitchburg is fortunate to be blessed in so many ways. We have an amazing and historic building with so many possibilities that we are still looking to develop. We also have generous restricted and unrestricted endowments that have allowed us to continue our ministries both within the parish and in our community.
The charts to the side reflect our budget for 2024 (this will need to be updated as we develop a budget for 2025)
Our restricted endowment has a balance of approximately 1.5 million. Those balances continue to grow and have been utilized to fund various ministries in our parish.
Our general endowment has a current balance of just under 1 million. 6 years ago, that balance was approximately 2 million dollars. Due to instability in the market and taking large draws from that to balance our budget we have overspent that endowment. We are working hard to creatively look at our finances and ways to lower our reliance on our general endowment to protect that asset for future use.
EXPENSES
In the Profile: