SPECIAL UPDATE:
Saving Grace Goal Now at $1.2 Million!
Through an amazing course of events, The Saving Grace Project can celebrate the achievement of one of its strategic goals — the ability to purchase enough property for the relocation of Grace International School!
The school’s administration just completed a thorough review of the school’s assets and the obligations attached to those assets. As a result of careful financial management, Grace was able to release many of those obligations, thus freeing a significant amount of cash toward the future needs of the school. Combining that cash with the funds already raised for The Saving Grace Project, more than 50% of the goal of Saving Grace has been met!
The most immediate need for the school has been to secure property for the future relocation of the Grace campus. That process can now be completed — and the Grace administration has already begun steps to purchase a 35-acre tract that will be perfect for the school’s future needs.
Below is an excerpt from Grace superintendent Don Williams’ official communiqué regarding fulfillment of this significant goal and the property purchase.
I hope you will rejoice with all of us associated with Saving Grace. Please continue to work and pray in order that the remaining financial goal of $1.2 million will be reached in the coming months.
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Plans Go Forward to Purchase Property
Allocation of Cash Assets Reduces Remaining Need for Saving Grace to $1.2 million
by Don Williams, Superintendent
Grace International School
Are you ready for some exciting news?
I’m very pleased to tell you that Grace International School is taking the next step of faith moving towards our new property. God has truly blessed our school in a miraculous way. Let me explain…
During the past five years, we’ve met or exceeded our projected income. At the same time, our expenses have been lower than planned. At every level, faculty, staff, and administration have worked hard to keep costs low without sacrificing the quality of education we provide. The result is that we’re in an excellent cash asset position – so good, in fact, that by using some of our cash assets along with funds that have come in so far from The Saving Grace Project, we can purchase land for our new school site –IF negotiations currently underway are successful!
Here’s the additional good news… With the purchase of the property, Grace’s total asset position will remain unchanged. Cash assets will decrease, but land assets will increase. We’ll have cash to meet required deposits for employee retirement, utility deposits, and foundation accounts. We’ll also have sufficient cash to meet the school’s expenditures until the inflow of tuition in the middle of August. And we’ll keep adequate funds to cover other situations that might arise.
You should know the Board of Trustees has affirmed this course of action. We anticipate that, besides allowing us to move forward with architectural plans for the new campus, our owning the new site will also help potential supporters of Saving Grace and our future building campaign see our commitment and be encouraged to partner with us. And, by making this move now — and counting funds already raised or committed — we’ve reduced the remaining financial goal for Saving Grace from $2.5 million to just $1.2 million!
That means we still have a long way to go…but God is opening doors in the U.S. and elsewhere to new opportunities to gain both friends for GIS and funds for Saving Grace.
Keep in mind that we are still in negotiations. To quote U.S. baseball legend Yogi Berra, “It ain’t over till it’s over.” Please continue to pray and to share with others what God is doing to continue the ministry of Grace International School here in Chiang Mai. Encourage them to become partners through The Saving Grace Project so the immediate needs can be met.
We thank God for His faithfulness and you for your prayers, and look forward to many more opportunities to celebrate His goodness together!
