SBC Finances Gains Speed

By Pauline J. Chang

According to a new report released by the executive committee of the Southern Baptist Convention, the year to date contribution to the largest denomination in the U.S has grown 4.6 percent over last year’s pace. The growth stands in stark difference to what has happened over the past two decades to many of the top mainline churches in the nation.

Morris H. Chapman, SBC Executive Committee President and Chief Executive Officer, revealed that as of May 31, 2004, the year-to-date total of $129,696,628.39 for Cooperative Program (CP) Missions is $5,700,263.77 ahead of the $123,996,364.62 received at this same point in 2003. For the month, receipts of $16,698,405.33 were .74 percent, or $124,570.89, below the $16,822,976.22 received in May 2003.

Designated giving of $152,526,373.11 for the same year-to-date period is 17.76 percent, or $23,005,318.39, above gifts of $129,521,054.72 received at this point in 2003. The $20,983,748.37 in designated gifts received last month is $3,283,291.08 above the $17,700,457.29 of May 2003, an 18.55 percent increase.

The Cooperative Program is the SBC’s financial sector, where leaders budget and allocate funds each year. The CP funds assist the North American Mission Board, the International Mission Board and many other SBC-run programs and outreach.

A bulk of the CP revenue comes in the form of five designated contributions: the Lottie Moon Christmas Offering for International Missions, the Annie Armstrong Easter Offering for North American Missions and the Southern Baptist World Hunger Fund. These contributions come from individuals, churches, state conventions and fellowships.

State and regional conventions retain a portion of the church contributions; the percentage of offering to the national church is set at the discretion of the regional board.

The SBC operates on an Oct. 1-Sept. 30 fiscal year.

  • [Exclusive Interview] A revelation within the brink of life and death — Meg Leung’s mission in Christian art

    Meg Leung (梁麗橋), an artist with a lifelong love for watercolor painting, sees her art as more than a means of expressing her inner world; it is a bridge connecting her to God. Her artistic journey has revealed God’s perfect plan and inspired her to communicate the power of faith through her wor

  • Transgenderism a fundamental human right? Hong Kong public disagrees, survey finds

    A 2024 survey from the Society for Truth and Light (明光社)'s Center for Life and Ethics Research reveals that respondents from various backgrounds prioritize personal safety and fairness when it comes to transgender issues. When laws involve moral judgments, most respondents believe courts should not make the decisions. The study also indicates that religious believers share similar views with non-religious respondents, reflecting that many churches may rarely address gender topics in depth.

  • Discipleship and Evangelism: Walking the Path of the Great Commission

    Like an ever-flowing spring, the gospel refreshes dry, parched lands and needs our unwavering passion and steadfast faith to transform lives and bring renewal. The "flame in our hearts" calls Christians to keep their faith and love for the Lord ablaze, representing the work and power of the Holy Spirit, driving us to proclaim God's glory boldly.

  • North America Chinese Evangelical Seminary year-end report highlights significant ministry progress

    As the year draws to a close, Rev. James Liu, President of the Chinese Evangelical Seminary North America (CESNA), reflected on the seminary’s remarkable growth and ministry development over the past year. Dedicated to providing theological education to Chinese Christians, CESNA continues to uphold its mission to remain faithful to the gospel and nurture believers. This year’s achievements span academic, ministerial, and outreach endeavors, fostering spiritual growth and advancing missionary wo