As of May 31, gifts received by the Executive Committee for distribution through the Cooperative Program Allocation Budget totaled $126,802,092.82, or 101.17 percent of the $125,333,333.36 year-to-date budgeted amount to support Southern Baptist ministries globally and across North America. The total is $2,107,447.14 less than the $128,909,539.96 received through the end of May 2012.
"At last year's SBC annual meeting, I noted that a Great Commission Advance will require fuel to drive the missions and ministries of the Convention. The Cooperative Program is that fuel," Page said.
"We are especially grateful for the thousands of cooperating churches who continue to make CP a principal component of their missions giving strategy. We need other churches to join them -- to 'stand in the gap' (Ezekiel 22:30). Our potential for impacting the Kingdom is tremendous!" Page said. "I will be re-introducing the '1% CP Challenge' at this year's annual meeting. I pray that thousands more of our existing churches as well as hundreds of new church plants will join us in impacting the nations with the Gospel of our Lord Jesus Christ."
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 $188 million dollars, 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.
Designated giving of $159,827,646.04 for the same year-to-date period is 6.96 percent, or $10,393,773.10, above gifts of $149,433,872.94 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.
Traditionally, state and regional conventions have acted as collecting entities for Cooperative Program contributions. They retain a portion of church contributions to the Cooperative Program to support work in their respective areas and forward a percentage to Southern Baptist national and international causes. The percentage of distribution from the states is at the discretion of the messengers of each state convention through the adoption of the state convention's annual budget.
May's CP allocation receipts for SBC work totaled $17,038,144.57. Designated gifts received last month amounted to $26,783,152.78.
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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