Marvin,
Thanks for the information you provided. Interesting that it took them until 2000 to make this a policy. And again, it doesn't look like th e Society would get the deed to the Hall until the local corporation was insolvent.
IP_SEC I'm not sure I follow your math. Why would the congregation give the money from the sale of the old hall, or the money they raise, to the Society? To use your example:
Cost to build new hall : $180,000 ( You didn't include this amount in your example, its hard to do any calculating without it.)
Old hall sale $50,000.00
Collections $10,000.00
Loan $120,000.00 7 years at 2%
Total interest $8695.00
So the Society has made $8965, yes, but 2% return, while relatively risk-free in this case, is not exactly a lucrative income. Do they even charge 2%? I'm sure there are better investments out there.
No Apologies( of the nickel-and-dime-them class)