NASHVILLE Tenn. (BP) – Contributions to Southern Baptist Convention national and international missions and ministries received by the SBC Executive Committee in October were 4.37 percent below last year's opening month of the convention's fiscal year and 10.59 percent below the projected budget for the first month according to a news release from SBC Executive Committee Interim President and Executive Vice President D. August Boto.
As of Oct. 31 gifts received by the Executive Committee for distribution through the Cooperative Program (CP) Allocation Budget totaled $14454637.36 or $660003.72 below the $15114641.08 received in October 2017. The October total is $1712029.31 below the $16166666.67 monthly allocation budget projection to support Southern Baptist ministries globally and across North America.
The CP is Southern Baptists channel of giving begun in 1925 through which a local church can contribute to the ministries of its state convention and the missions and ministries of the SBC through a unified giving plan to support both sets of ministries. Monies include receipts from individuals churches and state conventions for distribution according to the 2018-2019 Cooperative Program Allocation Budget.