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From the 2010 Members Muse

Long-time Members of Four Quarters will remember the fund-raising drive launched in early 2004, driven by our awareness of Peak Oil, and with the goal of purchasing the Land of Four Quarters by the predicted economic downturn of 2008. How together we raised $25,000 in direct gifts from the Membership, and used those gifts in 2005 to secure a $145,000 commercial bank loan allowing the Church to finally purchase the Land and The Stone Circle.

At that time two promises were made; that the Live-In Staff would cut their costs to the bone, and that those savings plus funds from the then new e-Pledge Program would be used for early prepayment of the mortgage principle.

A Running History of Securing The Land

Our Camp Mortgage as of Jan 2005
Loan Principal: $145,000
Interest Rate: 7.35%
Monthly Payment: $1,340
Loan Payoff Date: Dec, 2019
Total Interest to be Paid Over 15 Years: $94,730


Our Camp Mortgage as of Jan 2006
Extra Paid Towards Principal in 2005: $8,000
New Principal as of January 2006: $131,193
New Loan Payoff Date: Aug, 2018
Our Camp Mortgage as of Jan 2007
Extra Paid Towards Principal in 2006: $12,000
New Principal as of January 2007: $112,750
New Loan Payoff Date: Jan, 2016
Our Camp Mortgage as of Jan 2008
Extra Paid Towards Principal in 2007: $11,500
New Principal as of January 2008: $92,000
New Loan Payoff Date: Jan, 2014
Our Camp Mortgage as of Jan 2009
Extra Paid Towards Principal in 2008: $5,000
New Principal as of January 2009: $76,000
New Loan Payoff Date: Jan, 2013
Our Camp Mortgage as of Jan 2010
Extra Paid Towards Principal in 2009: $0
New Principal as of January 2009: $67,000
New Loan Payoff Date: Jan, 2013

Now it is six years later. Global financial recession affects many of us and Four Quarters has seen a steep drop in income for 2009. We are all tightening up our belts. But this is the short-term horizon, and there is a very bright light shining behind these present day clouds.

We can now see that those promises made by Live-In Staff and by our Pledged Members were honored, fulfilled and even expanded. In just 5 years over $35,000 in gifts have been applied towards prepayment of the Land Mortgage, reducing the principle of the original loan from $145,000 in 2005 to its present $66,000 as of January 2010.

And there is more good news.

It is now five years since the origination of that loan and its terms have been reset. Our interest rate has decreased from 7.5 to 6.75%. And because of our principle prepayments the monthly payment has decreased from $1340 to $776 a month.

This will allow our return to making a significant princible payment each month in 2010, a practice we forestalled as a cost saving measure in 2009.

We know of no comparable organization of Earth Spirituality with anything approaching this kind of track record, an organization of Members who seize the moment, honor their commitments and bring their common vision into the bright shining light.

This is an accomplishment of which we should all be very proud. For it is now a certainty that Four Quarters and the Land will persevere into the future, and that was certainly not the case in our early years. Further, Four Quarters as an organization can now be said to be passing from its adolescence into a promising young adulthood. From an uncertain future, to the status of an institution of permanence.

Every Member has played their part, and every Member has a part yet to play. Look around you during the next Moon Service, look into the eyes a-glimmer and ask what part they have played in this journey. What part they have yet to play.

Then choose your own part, and make it real!


Four Quarters Interfaith Sanctuary 190 Walker Lane Artemas PA 17211 USA 814-784-3080 This email address is being protected from spambots. You need JavaScript enabled to view it.
Incorporated in the Commonwealth of Pennsylvania as an InterFaith Non-Denominational Church, Monastery and Spiritual Retreat Center.
All donations fully tax deductible as allowed by law. PA EXMP 75-538-546 FED EIN 25-1853964
© 1995-2014 The Church of Four Quarters™, Four Quarters™ and Four Quarters Farm™
Free use of text expressly granted for all non-profit purposes; unchanged and with attribution to Four Quarters. All other rights reserved.

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