The Anglican Cathedral of Second Life


Anglicans of Second Life Treasury Update

Tithe Sixpence

Our Treasurer, Tithe Sixpence

First off, many apologies for the lack of updates in the past few months.  RL and all that…  Anyway, I thought this would be a good time to give an overview of the AoSL financial situation, as well as a picture of where things are at present.

I have updated the Financial Support page on this blog.  In it, I have outlined our need for donations, what our current budget is and how it was arrived at, and ways you can lend your support.  I have also simplified the Paypal donation option, so you can now make a one time payment to help support our ministry, in any amount that works for you!

As of the end of October 2011 we have raised 24% of our yearly goal amount.  Since our next tier payment will be due in May 2012, we are halfway through the current donation cycle.  Simply put, we are at the 50% time point, but only at the 24% donation point.

I am confident that we can meet our budget goals by the time our next tier payment is due, but we can’t do it without your help!  We deeply appreciate any donation you are able to make, no matter how small.  We know from your many words of support that our ministry is a meaningful part of many of your lives, and our goal is to do everything in our power to help ensure our ability to continue our SL ministry to you.

Thank you for all of the support you have shown us in many ways.  If you are in a position to help us financially, that is great!  But if you are not, please know that you are no less welcome, and that you contribute to our ministry simply by being part of it!  And, if you have any ideas about how we might boost our fundraising efforts, we would love to hear from you!

Thanks for reading this, and I hope to see you in-world soon!

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Treasury Report, 4th quarter 2010

Anglicans of Second Life Quarterly Financial Report (October-December 2010)

Our thanks for the increased level of financial support!

First of all we wish to thank everyone who has stepped up to contribute since we originally called for help in early October. There has been a noticeable increase in donations, both in amount and frequency. It is good to see that Epiphany has so much support from its community.

As you will see from the rest of this report we still have a way to go to reach the annual goal, so your continuing support is essential. All donations, large or small, are welcome and very much appreciated.

As a reminder, Anglicans of SL is a completely volunteer run organization, and 100% of your contributions go directly to maintaining our virtual facilities within Second Life.  You may make your donations inworld using the donation fonts and baskets located around Epiphany Island, or if you prefer, you may make monthly subscription payments using Paypal.

Status of SL Treasury alt accounts

On October 1 2010, the collection of inworld donations was turned over to the SL alt account by the name of Rua Elan, which is being administered by Patapon Monday (Mary Nuttall in RL).  This report will address the activity of the Rua Elan account, as well as the Paypal donations received since October 1.

Treasurer Rua Elan at the fund raising thermometer in the Cathedral forecourt.

Inworld donations received in this financial year before October 1, 2010, continue to be held by Tithe Sixpence, the treasurer alt administered by Cady Enoch (Mary Wanamaker in RL).

Our donation goals

As Cady Enoch posted to this blog last October (A call to the AoSL community) our financial situation deteriorated markedly with Linden Labs’ announcement of the ending of special pricing for non-profit land owners at the end of December 2010, which effectively doubles the annual tier payment we need to make.

The annual tier payment once the new pricing comes into effect is US$ 3,540. This falls due for payment in June 2011 so we need to raise that amount by the end of May.

We calculate the monthly donation goals every month taking into account the total donations already received for the year, dividing the difference from the annual goal by the number of months remaining.

Please note that the goal amount is the very least amount of money we need to raise in order to retain possession of Epiphany Island sim. Ideally we would like to have a year’s tier payment in reserve and also have funds for further development of our inworld facilities (currently paid by a separate private donation not included in our official donation accounts). Continue reading

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An update on our fundraising goals

First off, I’d like to extend our thanks to the members of our community who have so generously stepped up to provide both financial contributions and feedback on how we might move forward in this challenging time.

We have considered how best to keep all of you informed about our progress toward our revised donation goals.  Above all of our donation fonts and baskets, there is floating text that displays our current monthly donation goals.  This goal number was formerly calculated by taking the total cost of the annual tier payment (converted to Linden dollars) and dividing it by 12.  We have now decided to go with a more dynamic and accurate means of goal setting.

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A Call to the AoSL Community

I’d like to share with you the current status of the Anglicans of SL financial situation.  As you may know, each month we have set a donation goal amount equivalent to one month’s tier payment.  We have brought in an average of 84% of our monthly goal amounts for the past six months.  The donations have risen a bit within the past three months, to an average of 92% of our monthly goals.  We have been encouraged by this, and have been working hard to develop offerings that will bring in more community members and encourage further financial support of our ministry.  We weren’t quite where we wanted to be in terms of financial stability, but we felt we were in pretty good shape.

Yesterday we learned of some news that casts a very different light on things.  An announcement was made on the SL blog regarding land pricing for educational and non-profit land owners.  Currently, Linden Lab allows these organizations to purchase and maintain private region sims for half the price as that charged to other retail customers.  It was announced yesterday that this special pricing will end on December 31, 2010, after which time these organizations will be billed at the regular price.  This will, in effect, double our donation goals.

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