Our Savior’s Lutheran Church, an ELCA congregation in Rockford, IL, recently paid off their mortgage. This represents the first time in 75 years that the church has been debt-free.
A two-year fundraising program (capital campaign?) raised $273,000 and helped put the congregation over the top regarding its mortgage.
According to the Annual Report for 2017, linked on their website, OSLC received approximately $1 million in contributions last year. The mortgage payoff represents a small portion of their capacity to raise capital funds.