CP slightly above budgeted goal for year
NASHVILLE (BP) -- Year-to-date contributions to Southern Baptist national and international missions and ministries received by the SBC Executive Committee are 0.15 percent above the year-to-date budgeted goal and 1.36 percent below contributions received during the same time frame last year, according to a news release from SBC Executive Committee President and Chief Executive Officer Frank S. Page.
The year-to-date total represents money received by the Executive Committee by the close of the last business day of August and includes receipts from state conventions, churches and individuals for distribution according to the 2012-13 SBC Cooperative Program Allocation Budget.
As of August 31, gifts received by the Executive Committee for distribution through the Cooperative Program Allocation Budget totaled $172,597,053.36, or 100.15 percent, of the $172,333,333.37 year-to-date budgeted amount to support Southern Baptist ministries globally and across North America. The total is $2,386,200.45 below the $174,983,253.81 received through the end of August 2012.
Designated giving of $188,665,118.13 for the same year-to-date period is 1.23 percent, or $2,294,814.47, ahead of the $186,370,303.66 received at this point last year. This total includes only those gifts received and distributed by the Executive Committee and does not reflect designated gifts contributed directly to SBC entities.
July's CP allocation receipts for SBC work totaled $16,332,189.31. Designated gifts received last month amounted to $4,597,495.37.
The Cooperative Program is Southern Baptists' channel of giving through which a local church is able to contribute to the ministries of its state convention and to the missions and ministries of the Southern Baptist Convention with a single contribution to its state convention.
State conventions retain a portion of church contributions to the Cooperative Program to support work in their respective states and forward a percentage to Southern Baptist national and international causes. The percentage of distribution from the states is at the discretion of the messengers of each state convention through the adoption of the state convention's annual budget.
The SBC allocation budget is distributed as follows: 50.2 percent to international missions through IMB, 22.79 percent to North American missions through NAMB, 22.16 percent to theological education, 3.2 percent to the SBC operating budget and 1.65 percent to the Ethics & Religious Liberty Commission.
If the convention exceeds its annual budget goal of $188 million, IMB's share will go to 51 percent of any overage in Cooperative Program allocation budget receipts. Other ministry entities of the SBC will receive their adopted percentage amounts and the SBC operating budget's portion will be reduced to 2.4 percent of any overage.
Month-to-month swings reflect a number of factors, including the number of Sundays in a given month, the day of the month churches forward their CP contributions to their state conventions, the percentage of CP contributions forwarded to the SBC by the state conventions after shared ministry expenses are deducted and the timing of when the state conventions forward the national portion of Cooperative Program contributions to the Executive Committee.
CP allocation budget receipts received by the Executive Committee are reported monthly to the executives of the entities of the convention, to the state convention offices, to the state Baptist papers and are posted online at www.cpmissions.net/CPReports.
Compiled by Baptist Press staff.