The Cooperative Program (CP) allocation budget ended its fiscal year with its first increase since 2007, a moment that Southern Baptist Convention Executive Committee President and CEO Frank Page said was a “cause for joy” in light of economic hard times.
The CP allocation budget finished its Oct. 1–Sept. 30 fiscal year with receipts up 0.06 percent and combined CP and designated giving for the year up 0.17 percent, although total receipts were 3.98 percent below budget, according to Page.
He applauded the increase in light of the badly depressed economic conditions churches are facing.
The CP allocation budget was down 4 percent last year.
A total of $191,878,645.16 in CP gifts was received by the Southern Baptist Convention during the fiscal year from Oct. 1, 2010, through Sept. 30, 2011 — up by $115,492.29 (0.06 percent) from the previous fiscal year’s $191,763,152.87.
During the 2010–11 fiscal year, an additional $191,878,065.75 in designated gifts brought the fiscal year’s overall giving for national and international missions and ministry to spread the gospel to $383,756,710.91, or 0.17 percent above the previous year’s $383,087,678.95 combined figure.
Designated contributions include the Lottie Moon Christmas Offering for International Missions, the Annie Armstrong Easter Offering for North American Missions, Southern Baptist World Hunger Fund and other special gifts. (BP)
Share with others: