CP giving above budget by $11.2 million through May

NASHVILLE (BP)—Giving through the National Cooperative Program Allocation Budget was once again above budget in May bringing the fiscal year total to nearly $139 million – more than $11.2 million over year-to-date projected giving.

The budget surplus is important to note as the SBC Executive Committee approved a recommendation Thursday (June 2) calling for the first $5 million of the overage to fund recommendations brought forth earlier in the week by the SBC Sexual Abuse Task Force. With just four months left in the budget year, the funding appears to be well in hand, but messengers must still approve the plans from the EC and the SATF at the 2022 SBC Annual Meeting later this month in Anaheim.

“The continued faithfulness of local churches giving through the Cooperative Program is a reminder that our God is faithful to provide,” SBC Executive Committee interim president Willie McLaurin said in a statement. “As a network of Great Commission churches, we have faced one of the most challenging years in the history of the SBC, yet, our giving remains strong. On behalf of all our national Southern Baptist entities, I say ‘thank you’ to every pastor and church for your generosity.”

The amount given through the Cooperative Program in May 2022 totaled $16,518,236.03, which was $462,862.15 (2.15 percent) less than the $16,981,098.18 received in May 2021 but $684,902.69 (4.33 percent) more than the monthly budgeted amount of $15,833,333.34.

As of May 31, gifts received by the EC for distribution through the CP Allocation Budget total $137,929,818.58. This is $9,059,336.70, or 7.03, percent more than last year’s budget contribution of $128,870,481.88. The amount given is ahead of the $126,666,666.72 year-to-date budgeted projection to support Southern Baptist ministries globally and across North America by $11,263,151.86, or 8.89 percent.

Designated gifts received in May amounted to $16,767,406.99. This total was $5,224,989.82, or 23.76 percent, less than gifts of $21,992,396.81 received last May. This year’s designated gifts through the first eight months of the fiscal year amount to $157,443,290.90, which is $7,797,291.08, or 5.21 percent, more than the $149,646,019.82 given through same period in the previous fiscal year.

The Cooperative Program is the financial fuel to fund the SBC mission and vision of reaching every person for Jesus Christ in every town, every city, every state and every nation. Begun in 1925, local churches 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 2021-2022 Cooperative Program Allocation Budget.

State and regional conventions retain a portion of church contributions to Southern Baptists’ Cooperative Program to support work in their respective areas and forward a percentage to SBC national and international causes. The percentage of distribution is at the discretion of each state or regional convention.

The convention-adopted budget for 2021-2022 is $190 million and includes an initial $200,000 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 and 1.65 percent to the Ethics & Religious Liberty Commission. If national CP gifts exceed the $186.875 million budget projection at the end of the fiscal year, 10 percent of the overage is to be used to support the SBC Vision 2025 initiative with the balance of the overage 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.

Month-to-month swings reflect a number of factors, including the timing of when the cooperating state Baptist conventions forward the national portion of Cooperative Program contributions to the Executive Committee, the day of the month churches forward their CP contributions to their state conventions, the number of Sundays in a given month and the percentage of CP contributions forwarded to the SBC by the state conventions after shared ministry expenses are deducted.

Designated contributions include the Lottie Moon Christmas Offering for International Missions, the Annie Armstrong Easter Offering for North American Missions, Southern Baptist Global Hunger Relief, Disaster Relief and other special gifts. This total includes only those gifts received and distributed by the Executive Committee and does not reflect designated gifts contributed directly to SBC 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.

This article originally appeared on Baptist Press.