B'H
Sources and Uses at the Perelman Center for Jewish Life
| Sources of Funds |
|
|
| $ 1,000,000 |
| Perelman Naming Gift |
| $ 2,174,300 |
| Funds Raised as of December 12, 2008 |
| | Additional Required Funds: |
| $1,600,000 | | Bank Loan |
| $ 400,000 | | Additional Funds for Phase 1 Completion |
| $ 294,700 | | Additional Funds for Phase 2 Completion |
| $ 5,458,000.00 |
| Total Sources |
| Uses of Funds |
|
|
| $ 237,000.00 | | Closing Costs And Cash Down For Building |
| $ 593,000.00 | | Mortgage Repayment |
| $ 3,100,000.00 | | Construction Costs (10,000 square feet, 4-story building and basement) |
| $ 1,298,000.00 | | Soft Costs (architect, interest, mortgage, engineer, relocation costs, admin. costs, etc.) |
| $ 230,000.00 | | Furniture, Fixtures and Equipment (all floors and industrial kitchen) |
| $5,458,000.00 | | Total Uses |
Contributions are tax deductible as provided by law. Official registration and financial information of Lubavitch House at Penn, Inc. may be obtained from the PA Department of State by calling toll free, within Pennsylvania 1 (800) 732-0999.
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