News Articles

7/2/97 June CP drops 3.77 percent; year to date remains up 4.88

NASHVILLE, Tenn. (BP)–Southern Baptist Convention Cooperative Program receipts for June fell 3.77 percent from June 1996’s total yet remain 4.88 percent above the previous year to date, according to Morris H. Chapman, president and chief executive officer of the SBC Executive Committee.
June CP gifts totaled $12,024,314 compared to June 1996 of $12,494,743, a 3.77 percent decrease of $470,429.
At the end of nine months of the SBC 1996-97 fiscal year, total CP receipts were $116,858,328 compared to the same 1995-96 period of $111,422,676, an increase of 4.88 percent or $5,435,651. The SBC fiscal year is Oct. 1 through Sept. 30.
Designated gifts for June also were down — 18.17 percent. The June total of $11,580,383 compared to June 1996’s $14,151,977, down $2,571,594. For the year to date, however, designated gifts remain 2.27 percent above the previous year, $131,341,935 compared to $128,430,793, or an increase of $2,911,142.
For the SBC’s CP Allocation Budget, the June receipts were $63,477 below the required monthly figure of $12,087,791, a .53 percent decrease. For the year to date, however, the required budget figure of $108,790,124 has been surpassed by 7.42 percent or $8,068,203.
The SBC Cooperative Program total includes receipts from individuals, churches, state conventions and fellowships for distribution according to the 1996-97 Cooperative Program Allocation Budget.
The Cooperative Program is Southern Baptists’ method of supporting missions and ministry efforts of state and regional conventions and the Southern Baptist Convention. Designated contributions include the Lottie Moon Christmas Offering for foreign missions, the Annie Armstrong Easter Offering for home missions, world hunger and other special gifts.
State and regional conventions retain a percentage of Cooperative Program contributions they receive from the churches to support work in their areas and send the remaining funds to the Executive Committee for national and international ministries. The percentage of distribution is at the discretion of each state or regional convention.