NASHVILLE (BP) – Year-to-date contributions to Southern Baptist Convention national and international missions and ministries received by the SBC Executive Committee are 5.28 percent above the year-to-date SBC Cooperative Program Allocation Budget projection, and are 2.99 percent above contributions received during the same time frame last year, according to a news release from SBC Executive Committee President and CEO Frank S. Page.
The year-to-date total represents money received by the Executive Committee by the close of the last business day of July and includes receipts from state conventions, churches and individuals for distribution according to the 2015-16 SBC Cooperative Program Allocation Budget.
As of July 31, gifts received by the Executive Committee for distribution through the SBC Cooperative Program Allocation Budget through the first nine months of the Convention’s fiscal year (October to September) totaled $163,617,265.19. This total is $8,200,598.52 above the $155,416,666.67 year-to-date budgeted projection to support Southern Baptist ministries globally and across North America, and is $4,757,746.81 more than the $158,859,518.38 received through the end of July 2015.
Designated giving of $195,055,242.88 for the same year-to-date period is 5.09 percent, or $9,444,428.40, above the $185,610,814.48 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 $16,439,378.30. Designated gifts received last month amounted to $7,132,157.77.
The Convention-adopted CP Allocation Budget is distributed 50.41 percent to international missions through IMB, 22.79 percent to North American missions through NAMB, 22.16 percent to theological education through the Convention’s six seminaries, 2.99 percent to the SBC operating budget, and 1.65 percent to the Ethics & Religious Liberty Commission.
According to the 2015-2016 budget adopted by the SBC, if the convention exceeds its annual budget goal of $186.5 million dollars, 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 of any overage and the SBC operating budget’s portion will be reduced to 2.4 percent of any overage.