Cooperative Program receipts near 3rd quarter goal comment (0)
July 24, 2014
NASHVILLE — Contributions to Southern Baptist Convention (SBC) missions and ministries through the Cooperative Program (CP) totaled 98.38 percent of the budgeted goal through the third quarter ending June 30, SBC Executive Committee (EC) President Frank S. Page announced.
The $141,298,445.60 the EC received during the first nine months of the fiscal year, Oct. 1 to June 30, for distribution through the CP Allocation Budget is 1.62 percent short of the $143,625,000 year-to-date budgeted amount.
The total is $776,707.46 or 0.55 percent less than the $142,075,153.06 received through June 2013 of last fiscal year.
Designated giving of $173,373,521.37 for the same year-to-date period is 1.89 percent, or $3,335,228.70, below the $176,708,750.07 received in 2013. Designated giving only includes monies received and distributed by the EC and does not reflect designated gifts contributed directly to SBC entities.
June’s CP allocation receipts totaled $15,379,938.50. Designated gifts received in May amounted to $25,278,846.78.
The SBC allocation budget goal for 2013–14 is $191,500,000, an increase of 1.86 percent over the $188,000,000 budgeted goal for the previous year.