Covenant Pines is debt free for the first time since 1980! Praise God!
A symbolic burning of the mortgage was performed by our Chairman Derek Jones and Treasurer Geof Woodberry at the recent Covenant Pines Ministries Annual Meeting.
Here is a piece of Bruce’s report that speaks to this.
“Back in 1980, Covenant Pines took out a loan to build the Retreat Center. As funds were raised to pay off the $400,000 loan, the board decided rather to build the gymnasium, then Bald Eagle Lodge, then purchased Silver Beach, and finally the Dining Hall, Guest House and Backwoods Cabins. The loan grew to a high of $1,200,000 in 2001. This year, the last payment was made in March to pay off the loan. This results in the camp being debt free for the first time since 1980! All of this is possible ONLY through the generous donations of faithful individuals. It also sets the stage for camp to begin fundraising for a new Worship Center in the near future. The current Chapel is deteriorating, is too small, is not winterized and has no bathrooms. Please be prepared to support this new effort when the time comes.”
Click here for a full report of the Covenant Pines Annual Meeting.