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February CP receipts soar 10% over previous year

NASHVILLE (BP)–Southern Baptist Convention Cooperative Program receipts for February soared more than 10 percent above the same month a year ago, according to Morris H. Chapman, president and chief executive officers of the SBC Executive Committee.

February CP gifts totaled $13,390,219 compared to the same month in 1996 of $12,103,599, an increase of $1,286,620 or 10.63 percent.

For the SBC’s fiscal year to date, Oct. 1 through Feb. 28, Cooperative Program gifts totaled $64,920,033 compared to the same period last year of $60,319,676, an increase of $4,600,356 or 7.63 percent.

The SBC Cooperative Program Allocation Budget requires a monthly total of $12,087,791. The February gifts surpassed that mark by $1,302,428 or 10.77 percent. For the SBC budget year to date, the required total is $60,438,957. Year-to-date, the CP receipts exceed the budget by $4,481,075 or 7.42 percent.

For designated gifts, during February the SBC received $43,937,012 compared to February 1996 of $43,986,895, a decrease of $49,883 or .11 percent. However, for the year, designated gifts totaled $70,634,205 compared to the previous year’s total of $69,580,000, an increase of $1,054,204 or 1.52 percent.

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. Ninety-nine percent of the designated contributions are for the Lottie Moon Christmas Offering for foreign missions and the Annie Armstrong Easter Offering for home missions. Some designations are for 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 SBC 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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