A multicampus Twin Cities megachurch revealed that a single donor has just made the last installment in a $17 million gift that paid off the debt it took on 10 years ago to build its mother church in Lino Lakes.
The Chronicle of Philanthropy said the gift to Eagle Brook Church is the largest to a house of worship in Minnesota since the national periodical began keeping records in 2005.
The Rev. Bob Merritt disclosed the generous gesture during his Dec. 5 sermon, without revealing the donor. The pastor said only that he was a financial manager who was new to the church when he made the pledge over lunch four years ago.
"As of this weekend, on the 10th anniversary of the Lino Lakes campus, this individual and his wife sent the final check for $1.7 million; and today, Lino Lakes is completely debt-free," Merritt told the congregants. "It's unbelievable."
The leadership of Eagle Brook, now Minnesota's largest church with six north- and east-metro locations and average weekly attendance of 22,000, decided in 2001 to buy 92 acres for its Lino Lakes home, having outgrown its single White Bear Lake locale.
After two fundraising campaigns left Eagle Brook $18.5 million short of the $28 million it needed, the church took out a loan for the rest.
Merritt admitted that was a significant burden for the church.
"U.S. Bank told us you're making a big mistake," the pastor said, adding that a lending institution in Milwaukee came through. "[It] was really hard on me."