NASHVILLE (BP) – National Cooperative Program giving for November was slightly ahead of giving in November 2022 even as overall giving is still behind after the second month of the fiscal year.
“As we end 2023 and look toward 2024, I’m thankful for the thousands of Southern Baptists who support our collective mission through the Cooperative Program,” said Jonathan Howe, interim SBC Executive Committee president and CEO.
“These gifts are a great reminder of how local giving can make a global impact for the Gospel.”
November National Cooperative Program giving:
- Monthly budgeted amount: $15,816,000.00
- November 2023 giving: $14,907,396.99
- Above/below budget: $908,603.01 (5.74 percent) below budget
Total National Cooperative Program giving:
- Year to date budgeted amount: $31,359,000.00
- Year to date giving: $29,611,924.24
- Above/under budget: $1,747,075.76 (5.57 percent) below budget
Designated giving:
- November giving: $4,117,341.70
- Year to date giving: $8,300,234.61
- Previous year to date total: $8,018,090.13
- Above/below previous year: $282,144.42 (3.52 percent) above the previous year
The convention-adopted budget for 2023-2024 is $195,250,000 and includes a $250,000 special priority allocation for the SBC Vision 2025 initiative.
Cooperative Program funds are then disbursed as follows:
- 50.41 percent to international missions through the International Mission Board
- 22.79 percent to North American missions through the North American Mission Board
- 22.16 percent to theological education through the six SBC seminaries and the Southern Baptist Historical Library and Archives
- 2.99 percent to the SBC operating budget
- 1.65 percent to the Ethics & Religious Liberty Commission.
If national CP gifts exceed the budget projection at the end of the fiscal year, the balance of the overage is distributed according to the percentages approved for budgetary distribution. The SBC Executive Committee distributes all CP and designated gifts it receives on a weekly basis to the SBC ministry entities.
CP allocation budget gifts received by the Executive Committee are reported monthly to the executives of the entities of the convention, to the state convention offices, to the state Baptist papers and are posted online at sbc.net/cp.
