NASHVILLE, Tenn. (BP)–October receipts for the Southern Baptist Convention’s Cooperative Program posted a 3.27 percent increase over the same month a year ago, according to Morris H. Chapman, president and chief executive officer of the SBC Executive Committee.
A total of $14,489,661.57 was received to support Southern Baptist missions and ministries globally and across North America, compared to $14,031,208.45 in October 1999. The SBC fiscal year begins Oct. 1.
In designated giving during October, the total of $2,265,186.60 was 10.26 percent below the October 1999 total of $2,524,179.18.
For the SBC Cooperative Program Allocation Budget, the $14,489,661 in CP giving was 103 percent of the budgeted $13,999,698.
The SBC Cooperative Program total includes receipts from individuals, churches, state conventions and fellowships for distribution according to the 2000-2001 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, 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.
–30–
