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Total Campaign: (Updated April 30, 2010)
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| Pastors Total: |
$47,866,719.90 |
| Place Total: |
$ 9,940,351.20 |
| Promise Total: |
$18,491,061.44 |
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Grand Total:
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$76,298,132.54 |
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We celebrate God's blessings with
99% of the $77,000,000 goal met!
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$3,000,000 PLACE Challenge Total :
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$ 2,768,115.91 |
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CAMPAIGN RECEIVES $3 MILLION CHALLENGE GRANT PLUS OPPORTUNITY FOR $1 MILLION BONUS
ST. LOUIS—Concordia Seminary, St. Louis, is pleased to announce that the Charles E. Benidt Foundation, Elm Grove, Wis., has committed a challenge grant of $4 million to the Seminary. It is designated for the Place component of the Seminary’s
How Will They Hear? Campaign.
Commenting on this significant grant, Mrs. Beatrice Benidt, Benidt Foundation Board Chair, said, “On behalf of the Board members of the Charles E. Benidt Foundation, we are pleased to provide this matching/challenge grant to Concordia Seminary and pray that it helps to achieve the Seminary’s ambitious $77 million Campaign goal.”
The specifications of the matching gift state that the Benidt Foundation will provide $3 million if the Campaign is successful in raising $3 million in gifts or commitments from other sources. However, the Benidt Foundation also specified that by so doing, an additional $1 million will be provided at the conclusion of the five-year grant period—for a total challenge grant of $4 million. The match is a dollar for dollar match, up to the maximum of $3 million. Commitments payable over a multi-year period will be honored by the Benidt Foundation.
“We are truly blessed by the Benidt Foundation,” commented President Meyer. “I know they gave serious and careful thought to our proposal, and in so doing realized the need for significant capital improvements and renovation on this campus. The Benidt Foundation’s pledge challenges us to intensify our efforts to help fund a very important part of the Campaign.”
The Place component of the $77 million Campaign calls for raising $17.75 million for high-priority renovations of buildings, facilities, and infrastructure, and for technological transformation of the campus in order to deliver the finest electronic resources for theological education on campus and to remote settings.
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