The total includes receipts from state conventions and fellowships, churches and individuals for distribution according to the 2011-12 SBC Cooperative Program Allocation Budget.
As of July 31, gifts received by the Executive Committee for distribution through the Cooperative Program Allocation Budget totaled $160,738,791.85, or 103.40 percent of the $155,000,000 year-to-date budgeted amount to support Southern Baptist ministries globally and across North America. The total is $640,482.77 more than the $160,098,309.08 received through the end of July 2011.
The convention-adopted budget is distributed 50.2 percent to international missions through IMB, 22.79 percent to North American missions through NAMB, 22.16 percent to theological education, 3.2 percent to the SBC operating budget, and 1.65 percent to the Ethics & Religious Liberty Commission. If the convention exceeds its annual budget goal of $186 million, IMB's share will go to 51 percent of any overage in Cooperative Program allocation budget receipts. Other ministry entities of the SBC will receive their adopted percentage amounts and the SBC operating budget's portion will be reduced to 2.4 percent of any overage.
"I am grateful to the Lord and Southern Baptists that our CP contributions have continued to keep pace over the course of this year," Page said. "They are the lifeline of our collaborative missions and ministries.
"After rebounding from a huge deficit in the first quarter of our fiscal year to a break-even point by early spring, our churches have continued to share the sacrificial gifts of their people with the convention's ministry entities. More than half of what we have received (almost $81 million) has gone directly to overseas missions, with the majority of the remainder going to church planting, evangelism, leadership development and ministerial training. I never tire of saying 'Thank you' to Southern Baptists for their willing hands and willing hearts."
Designated giving of $181,441,073.27 for the same year-to-date period is 0.55 percent, or $998,997.68, above gifts of $180,442,075.59 received at this point last year. This total includes only those gifts received and distributed by the Executive Committee and does not reflect designated gifts contributed directly to SBC entities.
The Cooperative Program is a program of giving through which a local church is able to contribute to the various ministries of its state convention and to the various missions and ministries of the Southern Baptist Convention with a single contribution.
CP allocation budget receipts received by the Executive Committee are reported monthly to the executives of the entities of the convention, to the state offices, to the denominational papers and are posted online at www.cpmissions.net/CPReports.
July's CP allocation receipts for SBC work totaled $15,279,746.28. Designated gifts received last month amounted to $7,936,594.41.
The end-of-month total represents money received by the Executive Committee by the close of the last business day of each month. Month-to-month swings reflect a number of factors, including the number of Sundays in a given month, the day of the month churches forward their CP contributions to their state conventions and the timing of when state conventions forward the national portion of their CP contributions to the Executive Committee.
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