NASHVILLE (BP) – SBC Executive Committee president Ronnie Floyd announced Wednesday (Oct. 6) that giving through the National Cooperative Program Budget Allocation topped $192.2 million for the 2020-21 fiscal year. In doing so, budget estimates for the year were exceeded by nearly $5.4 million.
“What a tremendous testimony of God's grace given to us and God's people extending generosity together to reach the world for Jesus Christ,” Floyd said. “This is the power and influence of what happens when we believe in the vision, work together, and partner together for the advancement of the Gospel of Jesus Christ to the world.”
For the 2020-21 fiscal year, gifts received by the EC for distribution through the CP Allocation Budget totaled $192,271,436.28. This is $629,414.90 or 0.33 percent less than last year's budget contribution of $192,900,851.18 and ahead of the $186,875,000.04 budgeted projection to support Southern Baptist ministries globally and across North America by $5,396,436.24 or 2.89 percent.
“I am overwhelmed with gratitude for the sacrificial giving of Southern Baptists,” SBC President Ed Litton said. “Every dollar that these saints give is intended to advance the Gospel and accomplish the Great Commission. I am especially grateful to God for their generous giving through the Cooperative Program during a season of economic uncertainty due to the pandemic's many challenges. May God use all of these funds to equip his church to reach the world for Christ.”
Total Cooperative Program giving includes all monies given by churches through state conventions for Great Commission ministry and missions within the respective states, across North America, and worldwide. Begun in 1925, 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 nation. Monies are distributed according to the 2020-2021 Cooperative Program Allocation Budget.
Also, this year's designated gifts for the fiscal year amount to $192,351,656.08, which is $18,132,149.23, or 10.41 percent, more than the $174,219,506.85 given through the same period in the previous fiscal year. Designated totals include both Lottie Moon Christmas Offering gifts to the International Mission Board and Annie Armstrong Easter Offering gifts to the North American Mission Board. NAMB announced Oct. 4 a fiscal year total of $66.5 million for AAEO – the largest in history. IMB is expected to announce the LMCO total in the coming days.