Bridge to the Future
TBS/South Sound Christian Schools realizes the importance of community stewardship as we work towards fulfilling our mission as a "model school" offering a distinctly Christian education.
Therefore, based on the recommendation of the board and key TBS supporters, we are embarking on an initiative that, we believe, can serve you. Currently the school has bank financing on the property for which we are paying the bank approximately 8.1%. This is a very attractive investment to the bank seeing as how we have serviced the loan for years and the loan-to-value is well below 15%. Instead of letting the bank be the benefactor and realizing that CDs and bonds are returning 3% or less, an investment has been formed to allow our community to act as a lender and receive a very attractive rate of return (5%) with all of the same protections as the bank. To clarify, we are NOT asking for a gift. Participants would make an investment evidenced by interest payments and the principal being paid back at the end of 5 years.
As a by-product, because the rate is more than 3% lower then what the bank is charging, we believe strongly that this provides an opportunity for blessing and provision both to those that invest as well as the school. It should be noted that we have engaged the professional services of a group whose sole focus is helping non-profits and community supporters to structure such opportunities so that the investors are making sound investment decisions.
We realize that each person’s financial situation is different and, thus, you may not be able to invest in this opportunity but you may know someone who would be able to. If so, please feel free to forward the attached information to them.
Attached is a document that explains in more detail the investment opportunity. We are happy to answer questions --please contact our SSCS Board Treasurer,Ron Nelson: ronnelson10@gmail.com during normal school hours or at 253.377.5145 (cell).
Bridge to the Future - Executive Summary (PDF)
