While most English speakers would understand this, it is a run-on sentence comprised of two phrases. One of these may be easier to understand for your readers:
> The entire project is projected to cost $500,000 cdn. We were able to raise $300,000 cdn.
Or
> The entire project is projected to cost $500,000 cdn; we were able to raise $300,000 cdn.
Using a semi-colon is ideal because it allows you to add two short, but related, thoughts into one sentence.
Answered Dec 07, 2012
Edited Dec 07, 2012