NASHVILLE (BP) – The financial upturn much of the country has seen as the COVID-19 pandemic winds down is becoming evident though an increase in giving across the Southern Baptist Convention. Both Cooperative Program giving and designated giving reports for May 2021 showed strong year-over-year increases, and CP giving continues to run above budget for the fiscal year.
“The financial rebound in giving through the Cooperative Program is very encouraging,” SBC Executive Committee president and CEO Ronnie Floyd said in a statement. “As we go into the 2021 SBC Annual Meeting in Nashville, this financial report after eight months into our fiscal year is outstanding. As we face the many daily challenges before and around us, churches are demonstrating they are committed to advancing the Gospel across America and around the world.
“We are a people who believe in sending missionaries, planting churches, advancing the Gospel, equipping God-called ministers, and reaching our communities, our states, our country, and the world. To all of our churches who give to that end, we say ‘Thank you!’”
The total amount given through the national Cooperative Program Allocation Budget in May 2021 was $16,981,098.18, which was $2,178,754.16 (14.72 percent) more than the $14,802,344.02 received in May 2020 and $1,408,181.51 (9.04 percent) more than the monthly budgeted amount of $15,572,916.67.
As of May 31, gifts received by the EC for distribution through the CP Allocation Budget totaled $128,870,481.88, which is $1,236,373.50 or 0.95 percent less than last year’s budget contribution of $130,106,855.38. However, the amount given is ahead of the $124,583,333.36 year-to-date budgeted projection to support Southern Baptist ministries globally and across North America by $4,287,148.52 or 3.44 percent.
Designated gifts received in May amounted to $21,992,396.81. This total was $8,726,263.81, or 65.78 percent, above gifts of $13,266,133.00 received last May. Also, this year’s designated gifts through the first eight months of the fiscal year amount to $149,646,019.82, which is $10,276,442.27, or 7.37 percent, more than the $139,369,577.55 given through same period in the previous fiscal year.
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Source: Baptist Press