NASHVILLE — October contributions of nearly $14.8 million through the Southern Baptist Convention’s (SBC) Cooperative Program (CP) were 3.77 percent below CP gifts received in October 2006, according to a news release from SBC Executive Committee President and Chief Executive Officer Morris H. Chapman.
As of Oct. 31, 2007, CP gifts of $14,779,886.76 were $579,068.79 below the $15,358,955.55 received last October. Meanwhile, designated giving of $3,062,336.98 during October was 6.00 percent, or $173,466.25, above gifts of $2,888,870.73 received last October.
For the SBC CP Allocation Budget, the October total of $14,779,886.76 is 88.41 percent of the $16,716,794.69 budgeted to support Southern Baptist ministries globally and across North America.
Southern Baptists surpassed for the first time the $400 million mark in combined CP and designated giving during the last fiscal year. Gifts through the CP by SBC churches reached $205.7 million during the fiscal year spanning Oct. 1, 2006, to Sept. 30, 2007, while designated gifts, including the SBC’s missions offerings, topped $204.9 million.
CP gifts increased 2.55 percent during the year while designated gifts increased 7.09 percent.
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