How a Church Paid Off A $6 million Debt by Giving Money Away
by Moody Adams With a debt of $6.5 million in 2005 and no existing plan to service the debt, First Euless was going through one of the toughest moments in the church’s then 100-year history. Interim Pastor Dr. Bill Anderson stood in the pulpit one day and asked God to do a miracle. By 2007, the debt was cleared.
Isaiah 41:20, “Everyone will see this Miracle, and understand it is the Lord.... who did it.”
The First Baptist Church in Euless, Texas, gave $30,000 for the second time to its members on Sunday, asking them to invest the money and support missionary work around the world with the earnings.
The Miracle Mission is the name of the church’s fundraising program for missions. Last year, church members turned the $30,000 reverse offering into $150,000 by creatively investing the money.
“We had one man last year that got a $10 bill,” Pastor Gary Phillips said. “He’s an artist, and he bought a canvas. He did a piece of art work, sold it for a thousand dollars, and brought it back and gave it to the miracle.”