CP starts fiscal year above budget

Editor’s note: This story was updated after initial publication to correct the CP allocation details.

NASHVILLE (BP) – The Cooperative Program started off strong in the first month of the fiscal year, as receipts came in just over budget.

Undesignated giving of $15,073,168.63 was .42 above the budget goal of $15,010,000 and 5.7 percent more than last October’s total of $14,260,073.78.

Designated receipts were strong as well, totaling nearly 15 percent more than October 2024.

October National Cooperative Program giving:

1. Monthly budgeted amount: $15,010,000.00
2. October 2025 giving: $15,073,168.63
3. Above/below budget: $63,168.63 (.42 percent) above budget

Total National Cooperative Program giving:

1. Year-to-date budgeted amount: $15,010,000.00
2. Year to date giving: $15,073,168.63
3. Above/under budget: $63,168.63 (.42 percent) above budget

Designated giving:

1. October giving: $4,278,060.23
2. Year to date giving: $4,278,060.23
3. Previous year to date total: $3,726,254.93
4. Above/below previous year: $551,805.30 (.14.81 percent) above previous year

The Convention-adopted budget for 2024-2025 is $190,000,000 which includes a $3,000,000 special priority allocation for the SBC legal expenses.

Cooperative Program funds are then disbursed as follows:

1. 50.41 percent to international missions through the International Mission Board
2. 22.79 percent to North American missions through the North American Mission Board
3. 22.16 percent to theological education through the six SBC seminaries and the Southern Baptist Historical Library and Archives
4. 2.99 percent to the SBC operating budget
5. 1.65 percent to the Ethics & Religious Liberty Commission.

If national CP gifts exceed the budget projection at the end of the fiscal year, the balance of the overage is distributed according to the percentages approved for budgetary distribution. The SBC Executive Committee distributes all CP and designated gifts it receives on a weekly basis to the SBC ministry entities.

CP allocation budget gifts 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 sbc.net/cp.

About the Author

• Laura Erlanson

  Laura Erlanson is managing editor of Baptist Press.

  Read All by Laura Erlanson ›

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