Home of Wheaton Bible Church's Quarterly Magazine
Since we made the decision to relocate to our current campus, God has blessed our church with many, many faithful people who have given—often sacrificially—to support our ongoing ministry, to pay for the land for our new campus, and toward the cost of constructing our new facility.
In addition to the monies received from the sale of our downtown properties and the funds that were given to purchase the land and begin construction, we borrowed $22.5 million. After a little more than five years at our North Avenue campus, we are on target, even slightly ahead of plan, in our repayment of that debt. Even so, we are compelled by a sense of urgency to accelerate our debt repayment and free up more resources to make a greater impact on those far from God.
A central focus of our two-year ALL IN challenge has been an aggressive plan to pay down that debt even more quickly—and we have made some progress toward that goal. At this point we are slightly behind where we wanted to be, but because of extraordinary giving in December 2012 and the early months of 2013 as we began our ALL IN generosity journey, we have made accelerated loan payments in the amount of $2.8 million in the past fifteen months, bringing our total debt repayment so far to $8.1 million of the original $22.5 million.
Today, with that boost from our ALL IN giving, our total debt stands at $14.4 million, meaning that to date, we have paid for 76 percent of our campus. We are thrilled, because this has saved us hundreds of thousands of dollars of interest expense—dollars that now are being used for ministry. We are so thankful for all that these numbers represent, in terms of the faithfulness, generosity, obedience, and sacrifice of so many people.
God has given us a vision and an opportunity to live the truth of Hebrews 12: 1–2: to “throw off everything that hinders and the sin that so easily entangles. And run with perseverance the race marked out for us, fixing our eyes on Jesus, the author and perfecter of our faith.”
We dream of the day when we have replaced debt with expanded ministry and the words ALL IN are no longer a label for a two-year focus but rather describe our wholehearted, ongoing commitment to be people who are given to the Kingdom-focused mission of making disciples who make disciples, both here and around the world.