Loan Payoff Fundraiser

Goal Progress:

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St. Sava Serbian Orthodox Cathedral

Thank you for your generosity in helping our church become debt free.  This ensures that we do not defer this problem to our children and future generations.

Dear Brothers and Sisters,

 

We are writing to inform you about our church’s debt obligations and to make a plea about the necessary steps we need to take in order to pay them off.  At the time of writing this letter, the current total balance for six loans in question is $621,679¹.  On the other hand, annual operating church expenses for 2022 are projected to be ~$958,000².  The loan payments account for ~18% (~$172,000¹) of annual expenses, while ~$30,000¹ goes towards loan interest only.  This creates a massive operating burden and it limits our ability to focus on the most important investment projects to improve crumbling facilities.

 

At our first Church Board meeting of 2022 held on February 7th, a subcommittee was formed with a single goal, which is to:

 

  • Organize paying off this debt as soon as possible, so as not to defer the problem to our children and future generations.

 

Brothers and sisters, to avoid placing this debt on the shoulders of our children, we need to step up and erase it now and forever.  Considering the size of our parish, we sincerely feel as if we can do this in the matter of a few months, so that we can move forward with the prosperity of our church.  Specifically, we hope to have this debt paid off by April 30th of this year when we plan to organize a celebration banquet for the congregation in the Wisconsin Room of Serb Hall at 6:00pm.

 

V. Rev. Fr. Radomir Cutilo was the first to offer a donation toward this goal and Church Board members are following the example he set forth.  We hope you will follow us as well.  Therefore, we are asking you to donate at your own will.  In the event collected donations exceed our debt, the remaining funds will be used for the most pressing church repair/maintenance projects and operational expenses.  

 

All donations are tax deductible and equally important, so please give as you are able.  Let us take care of our church as God wants us to!  Please use the enclosed envelope for your convenience to mail donation to: 

 

St. Sava Serbian Orthodox Church

3201 S. 51st St, Milwaukee, WI 53219

In the check memo, please write “Debt Free Church”.

List of Donations

UPDATED: May 11th @ 10:44 p.m.
Name
Amount
Date
Cutilo, V. Rev. Radomir
$1,000
02/22/2022
Jovic, Stojan & Jovana
$1,000
02/22/2022
Medic, Sinisa & Velinka
$1,000
02/22/2022
Todorovic, Dana
$1,000
02/23/2022
Javor, Dalibor & Ilinka
$5,000
02/24/2022
Radeta, Dragan & Joka
$5,000
02/24/2022
Kabic, Cedomil & Dijana
$1,000
02/24/2022
Radjenovich, Dana
$500
02/24/2022
Juric, Milan & Miljana
$1,000
02/24/2022
Zipperer, Michael & Biljana
$1,000
02/24/2022
Miskovic, Dragomir & Ljubica
$1,000
02/24/2022
Micic, Daniela
$1,000
02/25/2022
Medic, Slavisa
$1,000
02/25/2022
Djilas, Petar & Mishka
$1,000
02/25/2022
Jovic, Miroslav & Bosiljka
$5,000
02/25/2022
Vulic, Veki
$1,000
02/25/2022
Milosevic, Slavko
$5,000
02/25/2022
Novakovich, Mane & Zorka
$1,000
02/25/2022
Torbica, Milos
$1,000
02/25/2022
Praljak, Bojan & Sanja
$1,000
02/25/2022
Miljevic, Aleksandra
$1,000
02/26/2022
Knezic, Vojislav & Rada
$1,000
02/26/2022
Zavarnov, Anton
$1,000
02/26/2022
Crnogorac, Milorad
$1,000
02/26/2022
Gagic, Alen
$1,000
02/26/2022
Vujasinovic, Tanja
$1,000
02/26/2022
Grmusa, Predrag & Mirjana
$1,000
02/26/2022
Dragicevic, Danijel & Natasa
$1,000
02/26/2022
Ubiparipovic, Milan & Spomenka
$1,000
02/26/2022
Catic, Milan & Mila
$1,000
02/26/2022
Sebez, Milorad
$1,000
02/26/2022
Djogo, Dragan & Daniela N.
$1,000
02/27/2022
Lazic, Lazar & Daliborka
$1,000
02/27/2022
Prpa, Rade & Radojka
$1,000
02/27/2022
Bjelic, Aleksandar & Suzana
$1,000
02/27/2022
Jovanovich, Milan & Bozana
$1,000
02/27/2022
Vorkapich, Marko & Danielle
$1,000
02/27/2022
Bozic, Mladen & Suzana
$1,000
02/27/2022
Malich, Michael & Ruzica
$1,000
02/27/2022
Dobric, Mladen & Ljiljana
$1,000
02/28/2022
Lichina, John
$2,000
02/28/2022
Acimovic, Mika
$300
02/28/2022
Karac, Dusanka
$100
02/28/2022
Potkonjak, Mary
$1,000
02/28/2022
Zivanovic, Nikola & Aleksandra
$1,000
02/28/2022
Ignatowski, Richard & Milka
$5,000
02/27/2022
Ubiparipovic, Pero & Stamenka
$1,000
02/27/2022
Price, Richard
$250
02/27/2022
Markovic, Aleksandar
$1,000
03/01/2022
Bozic, Bojana
$200
03/01/2022
Rajak, Goran
$350
03/01/2022
Djukic, Dragan & Linda
$1,000
02/28/2022
Strbac, Sveto & Tanja
$1,000
03/01/2022
Babic, Slobodan & Mirjana
$1,000
03/01/2022
Vuckovic, Sava
$1,000
03/01/2022
Malic, Branka
$1,000
03/01/2022
Malic, Danka
$1,000
03/01/2022
Rajkovic, Milan
$1,000
03/01/2022
Ubovic, Nikola
$50
03/01/2022
Rasic, Milos & Anita
$1,000
03/01/2022
Rakic, Sretko & Vesna
$1,000
03/01/2022
Kolpack, Chad
$1,000
03/02/2022
Manojlovic, Bosiljka
$1,000
03/02/2022
Eremija, Mira
$1,000
03/02/2022
Babich, Michael & Colleen
$1,000
03/02/2022
Vojnovic, Milja
$100
03/02/2022
Stojsavljevic, Juli
$250
03/02/2022
Stanic, Mile & Dara
$1,000
03/02/2022
Richards, Joseph & Bessie
$500
03/02/2022
Hercegovac, Stanko & Radojka
$1,000
03/02/2022
Pikelja, Dalibor & Sladjana
$1,500
03/02/2022
Jovicic, Bojan & Tajana
$5,000
03/03/2022
Urosevic, Predrag & Dragana
$1,000
03/03/2022
Zakula, Stevan
$1,000
03/03/2022
Todorovic, Milomir
$200
03/03/2022
Osburn, Maria
$1,000
03/03/2022
Stula, Gojko & Tatjana
$300
03/03/2022
Kasterovic, Mihajlo & Marica
$100
03/03/2022
Sesum, Dragica
$100
03/03/2022
Oreskovic, Dorothy
$1,500
03/03/2022
Sarenac, Peter
$1,500
03/03/2022
Sarenac, Richard
$1,500
03/03/2022
Gagic, Zeljko & Bozica
$1,000
03/03/2022
Radeta, Ljubica
$1,000
03/03/2022
Sever, Nikola & Darinka
$1,000
03/04/2022
Kojic, Momcilo & Dragana
$1,000
03/04/2022
Milosevic, Mirko & Natasa
$1,000
03/04/2022
Ninkovich, Kristina
$1,000
03/04/2022
Arcaba, Slobodan
$3,000
03/04/2022
Vesic, Nenad & Ljubica
$1,000
03/04/2022
Kleczka, John & Nada
$100
03/04/2022
Verzich, Manojlo & Marilyn
$1,000
03/04/2022
Davidovic, Jovanka
$1,000
03/04/2022
Knezic, Vlado
$1,000
03/04/2022
Djukic, Nedeljko
$1,000
03/04/2022
Kroll, Christine
$250
03/04/2022
Bubalo, Sasa
$100
03/04/2022
Lezaja, Drago
$300
03/04/2022
Civtelic, Jelena
$25
03/05/2022
Grbic Cook, Dana
$1,000
03/05/2022

Already Paid Off Loans

Dear Brothers and Sisters,

It is amazing what we can do when we all come together!  With your generous donations that we've collected so far, we've already been able to pay off 3 loans.  In the spirit of aiming to be completely transparent, below you'll find bank's payoff letter, payment check and transaction receipt of the biggest loan that was burdening the church.  This loan was acquired in 2004 to build the new portion of the Cultural Center and it had a payoff balance of $227,490.80.

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