Is there Anything, anyone wants to share? Sharing Time at LMF

We won’t be able to pay our Mortgage this month. Sharing Time at LMF

together to talk about it Let’s get a group together to talk about it You going to loan us money each month?

1980 1982 24% 12% Mortgage Rates – floating only

Work with Menno Foundation? Form a Foundation? Set up a Charity? How do we screw the banks? We’re in it together: what’s ethical?

L.A.M.P. Forms BANKS & C.U.’s Kingdom Money Seven Mortgage Payments BANKS & C.U.’s Kingdom Money Ten Couples $50/couple/month Langley Assisted Mortgage Program

Langley Assisted Mortgage Program (L.A.M.P.) Goals No one at LMF loses their home Anyone at LMF experiencing financial stress can come to this pool for assistance Pay down participants mortgages Starting with the one with the highest mortgage rate Emergency Assistance Pay down Mortgages $500 - Replenished Monthly Growing Pool: Replacement Mortgage payments from completed mortgages

Langley Assisted Mortgage Program  1982 – 1993 All seven families mortgage free Savings of interest charges - $750,000 (in today’s dollars) Some savings directly result of the pool payments Some savings caused by overpayment of interest payments by families Kingdom Money: $50,000 left over – went to charities ($100,000 in 2017 dollars)

Langley Assisted Mortgage Program Some things that helped along the way Mortgage rates fell to 18% in 1983 Down to around 8% by 1993 One family loaned the pool $20,000 in 1988 Families incomes rose as people made more money Families made higher payments than required as a way to speed up their own mortgage reductions Why did we stay together? Common cause, common goals – everyone benefited Sisterhood / Brotherhood – LMF was our home “Screw the Banks” mentality

Langley Assisted Mortgage Program Who were Those People? Alice & John Bev & Reimar Carol & Norm Edith & Henry Marlyce & Art Peggy & Dave Sherry & Dennis Susan and Tim Ute & Marvin Victoria & John

Fundraising for our Church Building History of where LMF met Douglas Hall Murrayville 56 Ave and 196 Street Here At 56 Avenue we began to discuss finding a permanent home It took us a long time to decide: We couldn’t reach consensus – some felt strongly that we should keep focused on Community Service However A group of people with Self-Directed RRSPs began aggregating capital We set up a “Building Fund” Some funds from LAMP final charitable distribution

Decision to buy land and build (1996) $400K Sell 56 Avenue building – re-invest those funds Use of the existing Building Fund Borrow money From the folks accumulating self-directed RRSP Bank Mennonite Foundation $200K o Needed between $200,000 and $400,000 Decision to raise money Internally Clayton Loewen and George Sawatzky chaired the Committee Asked me to do a “Preliminary study” o We projected we could raise $250,000 from 25 “giving units”

Fundraising for our Church Building $400 I was asked to Chair a Fundraising Committee Challenged the Co-Chairs to give first Asked Council to appoint the following members Brad, Larry, Gerry, Ann $250 $200 Used Tradition Capital Campaign Plan Met weekly for much of the campaign Used a reference Book: “The Raising of Money” $150 - Spent lots of time in the ABC Restaurant on Glover Rd. $100

$250 Had a “no recognition” approach Visited every Family How we raised money Coins collected Re-sale of Safeway bulk purchased certificates Direct “ask” of people $150 o Use of pillar of rocks to track the real and projected - Raised $150,000 came to a halt

Stalled at $150,000 $250 Congregational Meeting We were not together Time and Grace – period of no fundraising Committee drank more coffee, ate more pies Interviewed people Came to belief that we needed to tithe 10% of what we raised to achieve success $150 Congregational Meeting Concept of “Kingdom Money” - Resumed fundraising – completed to goal

Freed with Kingdom Money $255 Congregational Meeting Concept of “Kingdom Money” o Giving it away to a good cause Resumed fundraising – completed to goal $150