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September 14, 2020

Web-Gifts-June-2020

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Published in Mississippi and Uncategorized

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Proposed CP allocation budget
moves IMB to 51 percent
NASHVILLE (BP) — SBC Executive Committee members voted today (Feb. 17) to approve a 2026-27 Cooperative Program allocation budget that places 51 percent of those gifts with the International Mission Board, a recommendation first approved in 2010 with the implementation of the Great Commission Resurgence Task Force. Since 2014, the IMB’s allocation has held steady at 50.41 percent. That was the third year of incremental decreases in the Executive Committee’s allocation to fulfill the recommendation. Tuesday’s vote came with percentage changes to other entities’ CP portions. The EC’s decrease — 2.99 percent to 2.65 — is the largest both numerically and in proportion to its budget. The North American Mission Board moves from 22.79 to 22.64. Theological ministries, which include the six seminaries and Historical Library & Archives, go from 22.16 to 21.83. The Ethics & Religious Liberty Commission moves .01 point, from 1.65 to 1.64. The 2025-26 budget of $190,000,000 included a $3 million special priority allocation for SBC legal expenses that will not be part of the 2026-27 recommended budget of $186,000,000. If next year’s budget goal is met, the IMB is poised to receive $593,300 more than it will in this fiscal year. Messengers will vote for final approval of the budget and allocations this June in Orlando.