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SBC Cooperative Program August gifts up 22 percent

NASHVILLE, Tenn. (BP)–Southern Baptist Convention Cooperative Program receipts for August increased more than 22 percent over the same month a year ago, according to Morris H. Chapman, president and chief executive officer of the SBC Executive Committee.
The August receipts, $14,185,671, compared to August 1997, $11,598,190, are an increase of 22.31 percent or $2,587,480.
For the 11 months of the SBC fiscal year, October through August, SBC Cooperative Program gifts total $147,113,289 compared to the previous fiscal year period of $141,493,038, an increase of $5,620,251 or 3.97 percent.
Designated gifts for the month of August totaled $3,680,315 compared to the same month a year ago of $3,502,780, an increase of $177,535 or 5.07 percent. For the SBC fiscal year, the $148,044,621 in designated gifts compares to $139,099,299 for the same period in the previous fiscal year, an increase of $8,945,322 or 6.43 percent.
For the SBC Cooperative Program Allocation Budget, the August receipts were $1,836,915 over the required monthly budget figure of $12,348,756, a 14.88 percent increase. For the Allocation Budget fiscal year, with one month to go, the required budget figure of $135,836,320 has been surpassed by $11,276,968, or 8.30 percent above the budget.
The SBC Cooperative Program total includes receipts from individuals, churches, state conventions and fellowships for distribution according to the 1997-98 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.

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  • Herb Hollinger