By now, you may have received in the mail a special message concerning our annual year-end financial outreach, and we hope you have had an opportunity to prayerfully consider how you might help. This year our goal is to raise $165,000 by year's end. We depend on God's people and faithful churches for a major portion of our yearly income during this campaign. We seek, D.V., to replenish our somewhat depleted reserve fund which is vital to easing seasonal cash flow fluctuations and keeping us from reaching out during the year for emergency help. Furthermore, funds received at this time will help us meet future faculty additions. Finally, we encourage churches at this time of year to consider keeping or adding GPTS to their mission or other external giving budgets for 2014.
The tables below show our overall financial condition as of the end of November. Donations of $34,014 from churches and individuals were $27,459 below the $61,473 November budget for these types of unrestricted contributions. Expenses of $77,992 were $10,010 below the $88,002 budgeted for expenses.
Remember, gifts to GPTS are tax-deductible and may include cash, securities, property or a variety of planned giving instruments. SENIORS PLEASE NOTE information about IRA Charitable Rollovers in 2013, as explained here. See elsewhere in this E-newsletter for information about planning your last will and testament with the Kingdom of God in mind.
|GENERAL FUND - NOVEMBER 2013|
|Donation Income (unrestricted)||$34,014|
|GENERAL FUND - FISCAL YEAR 2013-14|
|Capital Campaign Goal*||$3,500,000|
|Long-term Pledges Outstanding||$570,794|
|Total Received and Pledged||$3,840,925|
|Monthly Interest Payment||$3,560|