Dear Parish family,
As many of you already know, after the recent storms we had the church roof examined to see about damage and were stunned to find it qualified as a total loss. We have replacement cost insurance through Church Insurance of the national church. The total cost of replacement will be $69,072.50 and our deductible is $22,320.00. (Our deductible for roof is 1% of the total appraised value of the church property.) We are indeed blessed with a beautiful facility in which to worship which has been provided by our church forefathers and as stewards we are charged with maintaining it for those who will come after us. We will be able to pay the deductible because of a gift of $100,000.00 given over twenty years ago by Jack and Jewel Walker. That gift came with the restrictions that for a period of fifty, yes 50 years, we could only use the income or interest generated by that $100,000.00. It is called an Endowment and we invested that sum through the Diocese of Oklahoma and have received good returns. Anyone can make a contribution of any amount to that Endowment at any time during their life or upon their death by a provision in their will. I mention this because it has been, at times, extremely helpful in continuing the ministry of St. Paul’s Episcopal Church, Altus, Oklahoma. I hope that you too, will prayerfully consider this means of continuing your financial support. If you have further questions please contact me.
SEE YOU SEPTEMBER 10TH, AND