As of June 30, 2022, the outstanding principal owed St. Elizabeth Ann Seton Community is $1,491,243.39 This loan matures on August 11, 2025 with a large balloon payment due of $1,412,220. Therefore, the loan will be refinanced in 2025. Please consider making a donation directly to the principal of this debt to help us pay it down faster. ALL monies received through our debt reduction campaign will go directly to the principal of our loan. Thank you for your generosity.
Seton Debt Reduction Donation
The Diocese of Lexington has embarked upon an important campaign which we are calling “Providing for Our Future.” The success of this campaign will allow the diocese to be more responsive to the needs in our region and help us to support our parishes and missions in the implementation of the priorities in our Diocesan Pastoral Plan. The goal of our campaign is $11 million, which corresponds to the amount of our current debt as a diocese.
This substantial debt makes it difficult for the diocese to financially sustain our many ministries. The debt was incurred with good intentions to enhance and improve ministries and outreach, but created unsustainable financial liabilities. With the help of our Diocesan Finance Officer and Diocesan Finance Council, we have worked hard to address these financial strains. The facilities that were unsustainable were sold and the ministries that were still viable have been consolidated. We have sold properties and negotiated better loan structures and interest rates. Nonetheless, the interest payments and owed principal still restricts the diocese and prevents the kind of growth and engagement with the larger community that we would like
to have.
For more information and to make a donation, please visit Providing for Our Future