It is true; Love INC has money in the bank. It is also true that our pantries have been exceptionally low. Why then do we not simply buy food with that money?
The $893,793 referenced in Monday’s letter reflects our Form 990 from 2011. That was near the beginning of our capital campaign for the Ministry Center sheltered housing program.
Our campaign goal is to raise $1.8 million, which will accomplish three important benchmarks. First is the cost of the buildings. Second are the renovations of the buildings purchased. Last, it provides for operational expenses.
Our bank accounts reflect a portion of said monies. Using the money designated for the capital campaign to fill our food pantries would be inconsistent with the desires of the donor’s intentions. This is the reason for the food appeal.
In addition, a reserve is necessary to support the 30 other ministries of Love INC. Frankly, without our 400 of the “world’s best” volunteers, this ministry would cease to exist!
Our promise to this community is 95 cents of every dollar we steward is used to meet the needs of the hurting, helpless and hopeless.
We hope this information helps people better understand Love INC and thus be more comfortable investing their financial gifts to our organization. We count it a privilege to communicate how we use the funds entrusted to us from such a generous community.
God bless you!
Mark Green, executive director
Love INC Tri-Cities