CP contributions under budget for year

CP contributions under budget for year

NASHVILLE — Year-to-date contributions through the Southern Baptist Convention’s (SBC) portion of the Cooperative Program (CP) are .04 percent ahead of the same time frame at the end of 2015 and 3.11 percent under the SBC CP Allocation Budget projection for the year, according to a news release from SBC Executive Committee (EC) President and CEO Frank S. Page.

The $45,782,192.42 received by the EC from Oct. 1 through Dec. 31, 2016, for distribution through the CP Allocation Budget represents 96.89 percent of the $47,250,000 year-to-date budgeted amount to support Southern Baptist ministries globally and across North America. The total is $20,159.89, or 0.04 percent, above last year’s first quarter total of $45,762,032.53.

Designated giving of $10,885,792.56 for the same year-to-date period is 0.81 percent, or $88,673.62, below gifts of $10,974,466.18 received at this point last year. This amount includes only those designated gifts received by the EC and does not reflect contributions made directly to SBC entities.

Designated contributions include the Lottie Moon Christmas Offering for International Missions, the Annie Armstrong Easter Offering for North American Missions, Southern Baptist Global Hunger Relief and other special gifts.

December’s CP allocation receipts for SBC work totaled $15,582,638.17. Designated gifts received in December amounted to $3,947,191.49.

CP allocation budget receipts received by the EC 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 www.cpmissions.net/CPReports. (BP)