Eliminating Our Debt

Freeing up resources for gospel ministry.

What does Scripture say about debt?

Nothing good. While the Bible never says that borrowing money is sinful, it provides warning after warning about the dangers of incurring debt. Proverbs 22:7 is reflective of the Bible’s overall message about being in debt: “The borrower is the slave of the lender.” No one wants to be enslaved, especially in light of Galatians 5:1, “It is for freedom, brothers, that Christ has set us free. Stand firm, therefore, and do not submit again to a yoke of slavery.”

Regarding debt, the Bible seems to say, “Do everything you can to avoid borrowing money, and if you do take on debt, work hard to pay it off quickly.”

How does being debt free honor God?

Being debt free allows us to be more generous with our resources. Simply put, giving less money to the bank allows us to pour more resources into gospel ministry that blesses people.

Also, giving generously together gives us an opportunity as a church to demonstrate our faith in God’s provision. In Philippians 4:19 Paul explains, “Our God will supply every need of yours according to his riches in glory in Christ Jesus.” In light of these things, let’s give together to honor God.

So, whether you eat or drink, or whatever you do, do all to the glory of God.

1 Corinthians 10:31

How much are we raising?

(Over 3 Years)

How to Give

Sunday Mornings

As always, you can give on Sunday mornings by bringing cash or check and placing it in a giving envelop found in the seatbacks. In order to give to the Debt Free Ministry Initiative, please check the “Building fund” box on your giving envelope.


Did you know you can also give online using The City, on your smartphone or computer? Just click on “Giving” in the main navigation. After setting up your bank account, giving is a snap! To give to Grace’s Debt-Free Ministry Initiative, please check the “Building fund” box.

Stocks & Bonds

To give to Grace’s Debt-Free Initiative using stocks, bonds, or other investments please email giving@graceinracine.com.

What will it go towards?

Eliminating Debt

Facility Upgrades

Let's finish well!

$6.4 Million - Original Mortgage (1999)
Less Than $800 Thousand - Remaining Mortgage (2015)