Dear Supporter,
Thank you for considering being an early supporter of the Oakford Campus.
The delivery of the Oakford Campus will depend heavily on the prayerful and financial support of the Association and church community. The Board and Oakford Project Management Group are grateful for your willingness to support this significant undertaking.
Over the course of the project, it is estimated that $25-30 million will need to be raised in donations and pledges. This amount represents approximately 3 – 5% of the estimated financial resources within our church community. Raising this amount of money will require sacrifice on the part of the whole community. We ask that you prayerfully consider your ability to contribute, and respectfully ask that you give thought as to how you may be able to contribute 3 – 5% of your total financial resources over a period of time.
Information for businesses and family trusts
Payments made towards the Oakford Campus will be used to fund costs associated with developing and constructing the new campus. Any donations made before the formal launch of the capital campaign will be deducted from your entity’s total pledge.
Donors who operated Family Trusts can make distributions to the Free Reformed School Association (Inc) tax effectively. Generally, no tax is payable on income distributed to the FRSA, therefore these donations will not be issued a DGR Building and Maintenance Fund receipt.
Should a decision be made not to proceed with the project, a proportion of any pledge paid may be returned to your entity if total pledges received exceeds total project costs incurred.
To ensure sufficient cash flow, and to minimise the requirement for long-term debt, pledges are asked to be fully paid by the end of 2030.
While a pledge is a financial commitment, the FRSA is committed to working with those who experience extenuating circumstances.