St. Teresa Announces Incentive Matching Pledge for Capital Campaign.
Every $2 turns into $3 to complete full complement of upgrades and enhancements.
A Capital Campaign “Believe-Build-Become” was launched at St. Teresa High School last year. Thanks to the generosity of many people, a total of $3.6 million was invested in improving the infrastructure of the school last year and in work underway this summer. This includes: placing a new roof on the main school building and tuck-pointing the main building and gym; installing electrical upgrades and new HVAC throughout the campus; constructing and renovating the entrance to the gym and restrooms inside and outside of the gym; installing new poles and lights on the football and softball fields, the parking lot and inside the gym, and repairing a major storm sewer problem.
In a new, major development, donors have pledged up to $1.5 million to the Capital Campaign. This new pledge is intended as a matching gift where the donors pay $1 for every $2 of new donations received prior to 4/30/15. This is a tremendously generous gift and will hopefully serve as an incentive to others and assist in raising an additional $3 million. With the match, a total of $4.5 million in new funds would be available to complete ongoing improvements and to construct a new state-of-the-art physical education annex, a new parking lot west of the science/music building and major improvements to the athletic/football field.
Donations from individuals and organizations, including The Millikin Trust and a $250,000 donation from the Diocese of Springfield in Illinois, have been especially generous. Another noteworthy development has also greatly contributed to the campaign’s progress. Through the benevolence of the Estate of William C. Wombacher, deceased, St. Teresa recently received $682,000 that was earmarked for the campaign. Many thanks to the Wombacher Family for their help with the Capital Campaign,
Contracts for this summer’s work were recently signed and a local firm Otto Baum Co. Inc is serving as the general contractor; all sub-contractors are also from the local community. The work has started and is scheduled to be completed on August 8.
The Capital Campaign continues to solicit support from the entire community. We pray for everyone’s help and donors may contact the Capital Campaign Committee, Dr. Ken Hendriksen, Principal/CEO of St. Teresa High School, or Rich Smith, Campaign Coordinator, at 217-875-2431.