NASHVILLE (BP) – Total Cooperative Program giving for the 2024-2025 fiscal year was $186,091,048.26, which is just over 2% below the budget goal of $190,250,000.
“The Cooperative Program continues to provide the primary financial support for state conventions and national entities,” said SBC Executive Committee President and CEO Jeff Iorg. “We are grateful for churches that prioritize giving through the Cooperative Program and the difference it makes every day, all around the world. We appreciate other gifts as well, but depend on this unified funding strategy to jointly fund the comprehensive work we are doing together.”
Total designated giving for the fiscal year was almost the same as last year – 0.24% lower at $200.4 million. (Last year’s designated giving total was $200.8 million.)
The Cooperative Program, Southern Baptists’ unified funding mechanism was instituted in 1925, and Southern Baptists have held numerous observances of its centennial throughout this calendar year.
“We are grateful for 100 years of Cooperative Program giving!” Iorg said.
September National Cooperative Program giving:
- Monthly budgeted amount: $15,000,000.00
- September 2025 giving: $13,349,094.32
- Above/below budget: $1,650,905.68 (11.01%) below budget
Total National Cooperative Program giving:
- Fiscal year budgeted amount: $190,250,000
- Fiscal year giving: $186,091,048.26
- Above/under budget: $4,158,951.74 (2.19%) below budget
Designated giving:
- September giving: $5,235,554.17
- Fiscal year giving: $200,401,734.20
- Previous fiscal year total: $200,874,348.63
- Above/below previous year: $472,614.43 (0.24%) below previous year
The Convention-adopted budget for 2024-2025 was $190,250,000 and included a $250,000 special priority allocation for the SBC Vision 2025 initiative.
Cooperative Program funds were then disbursed as follows:
- 50.41% to international missions through the International Mission Board
- 22.79% to North American missions through the North American Mission Board
- 22.16% to theological education through the six SBC seminaries and the Southern Baptist Historical Library and Archives
- 2.99% to the SBC operating budget
- 1.65% 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.
