How Does a One Fund Initiative Work?

At Peninsula, we follow a One Fund approach to giving. All tithes and offerings go into a single fund, which first supports our general operating budget ensuring the day-to-day ministry and mission of the church are fully resourced. Anything given beyond those needs, the “overflow”, is then used to fuel additional projects that extend our impact.

The Pathway Project will become our primary initiative funded through this overflow. This project includes the expansion of our worship and children’s facilities, creating more space for connection, discipleship, and sending. It’s not just about brick and mortar, it’s about a pathway to make disciples who make disciples. We’re making room for the next steps God is calling us to take together.

Expand Our Facility

- New worship space allowing for future growth.
- Expanding children’s and preschool space.
- Repurpose existing spaces for more adult classrooms.

Equip Our Church Family

As we grow, we desire to continue equipping our church family to make disciples. This includes our ongoing ministries and new initiatives to provide pathways for discipleship. 

Send Our People

- Church planting. In addition to current partners, we are. preparing to plant a church in Davidson, NC.
 - Expanding our capacity for future sending through local and global missions.

What Can You Do?

Pray for our church, it’s leaders, and The Pathway Project initiative. Use the provided prayer card as a guide for focused and intentional prayer during this season. Engage fully in the vision God has for Peninsula. Get connected, serve, and be ambassadors of accurate  information as we walk together along this pathway. Ask God how He is leading your family to live generously. What does it look like for your family to give above and beyond to help fund this project?

Upcoming Events
Vision Meeting (round 2) - September 27 - This will be another Vision Meeting for anyone who missed the May 10th event.
Vision Sunday - October 12 (during Worship services)
Advance Commitment - November7 (updated date)
Commitment Sunday - November 16 (during Worship services)

Where We’re Headed: Concept Art of Expansion 

FAQ's  

The Pathway Project goal is 100% participation. What is meant by “100% participation”?
Our hope is that every member of our church family will fully embrace the vision God has given for Peninsula. This involves actively participating in discipleship groups, serving in ministry, and helping to share clear and encouraging information about The Pathway Project with others in our community (being “ambassadors of accurate information”). We are also inviting every household to begin praying and seeking God’s guidance on how He may be calling you to live generously. What might it look like for your family to give above and beyond to help fund this vision and bring it to life?
What is our growth trend in worship attendance on Sunday mornings?
From 2022 to 2024, the average annual growth in worship attendance was 19%. When including preschool and children's attendance, the average total on-campus growth reached nearly 21%.
What is our trend in total giving?
Over the past seven years, our average annual growth rate in total giving has been 8.2%. From 2021 to 2024, total contributions rose by nearly 30%.
Will we need to borrow money to help fund the building expansion?
We anticipate the need to utilize a commercial construction line of credit during the building phase to bridge the gap between ongoing construction expenses and the receipt of donations over the course of the two-year building project. After submitting our three-year financial records to two lending institutions, they determined that we have a borrowing capacity of up to $6 million. However, we do not expect to draw the full amount, as we project that a combination of generous giving from our church family, phased construction scheduling, and prudent financial management will significantly reduce the total borrowing required.
How will any remaining debt affect our current week-to-week ministries and operations?
The total estimated cost for the building expansion is $9 million. Through the two-year Pathway Project, our fundraising goal is to raise $6 million in expanded giving. By the end of 2025, we anticipate having $600,000 in cash for the building project. This would leave a potential financing need of approximately $2.4 million. Given our current trends in regular giving to support the church’s ongoing ministries and operations, we are confident in our ability to manage the associated debt service responsibly. Furthermore, we plan to implement targeted initiatives following the Pathway Project to accelerate principal repayment and fully eliminate the remaining debt in the years ahead.
It appears that the Pathway Project will require families to double their giving, is this true?
No. We are inviting every household to begin praying and seeking God’s guidance on how He may be calling you to live generously. Over the next two years, what might it look like for your family to give above and beyond to help fund this vision and bring it to life?
Under our current one-fund budget model, we have four “bucket funds” supported by overflow from undesignated gifts. How will these funds be handled moving forward?
The funding that exists in the current “bucket funds” will remain and fund initiatives over the next two years during The Pathway Project.
How will the current Worship Center be used after construction of a new Worship Center?
In a follow-on phase of the Pathway Project, we envision transforming the current Worship Center into a spacious, versatile area that serves as a central hub for gathering before and after worship services. This multi-purpose space will also host special events, large Bible studies, mission fairs, and more. Designed to complement our fellowship hall, it will be well-equipped to accommodate events that include shared meals, enhancing opportunities for community and connection.
How do we plan to stay "small" as we grow?
This is something we have wrestled with even over the last five years as our weekly attendance has increased significantly. The simplest answer is that we will continue to provide opportunities for our church family to build community and have other believers they “do life with.” Whether there are 500, 900, or 2,000 people on our campus each week, we must focus on building community and not just sitting in a room together. The best way to stay connected to the church family is to build relationships through our connect groups, serving, and other discipleship opportunities.
How will the expansion impact the Weekday Preschool?
We know at some point in the process the Weekday Preschool space will be impacted, particularly as the current building is tied into the new building. Drop off and pick up routes will also be afected during the school year. We do not know yet what that will all look like. The most important thing we can relay is that we are committed to the ministry of our Weekday Preschool and it will continue during and after the building project. 
Do we have plans to start a K-12 school?
We do not have plans to start a K-12 school at this time. Peninsula has worked closely with Christian schools in our community and would be glad to help your family navigate the best school decision for your family.
When will we start to be a "sending" church?
The quick answer is now - this is already one of our core values. Currently, Peninsula supports the work of two North American church plants and is partnering with three different teams overseas. In 2024, we gave to support the work of church planting and missionaries through our partners. As well, we are working with a church planter who will be a part of our church family for the second half of 2025 and into 2026 as they prepare to plant a church in the Davidson area. We are committed to their work and are excited to see what God has in store for this new church. Our desire is to expand our facilities in order to allow Peninsula to send more of its members, not for the project to be a detriment to that work.