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7.49% gain posted in CP gifts for February

NASHVILLE, Tenn. (BP)–An increase of 7.49 percent in churches’ gifts to the Southern Baptist Convention’s Cooperative Program was recorded in February 2002 over February 2001, according to a news release from SBC Executive Committee President and Chief Executive Officer Morris H. Chapman.

February’s $16,886,897.19 in CP Missions gifts to support Southern Baptist ministries globally and across North America was $1,176,564.36 above February 2001 gifts of $15,710,332.83. In designated giving during February, meanwhile, the total of $52,918,825.17 was 7.31 percent above February 2001’s $49,312,260.15, an increase of $3,606,565.02.

In year-to-date CP giving, $77,678,195.48 has been received compared with $74,925,228.56 in 2001-02, marking an increase of 3.67 percent or $2,752,966.92.

In year-to-date designated giving, $84,540,439.16 has been received compared with $78,836,353.87 in 2001-02, marking an increase of 7.24 percent or $5,704,085.29.

For the SBC Cooperative Program Allocation Budget, the February receipts of $16,886,897.19 were 113.65 percent of budget, surpassing the budgeted $14,858,239.92 by $2,028,657.27.

The SBC Cooperative Program total includes receipts from individuals, churches, state conventions and fellowships for distribution according to the 2001-2002 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 International Missions, the Annie Armstrong Easter Offering for North American Missions, Southern Baptist World Hunger Fund 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.

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