Tuesday, December 10, 2013

Financial Report for November 2013

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.

Donation Income (unrestricted)$34,014
Other Income$6,614
Total Income$40,628
Net Income-$37,364

Donation Income$284,866
Other Income$100,580
Total Income$385,446
Net Income-$32,311

Capital Campaign Goal*$3,500,000
Long-term Pledges Outstanding$570,794
Total Received and Pledged$3,840,925
Outstanding Obligations$35,000
Monthly Interest Payment$3,560
Remaining Mortgage$691,442

*Although the formal fund-raising campaign goal has been more than realized when combining receipts to date with pledges outstanding, additional funds are needed to amortize the balance of our mortgage.

If you would like to make a convenient online donation to Greenville Seminary, click the  "Donate Online" button above. Gifts may also be mailed to: Greenville Seminary, PO Box 690, Taylors SC 29687. Whether or not you can contribute financially, here is another way you can help the seminary: Spread the Word! Do you know someone that would be interested in learning more about our organization or supporting us? If so, share a link to this newsletter or our website. Thank you for your continued support for Greenville Presbyterian Theological Seminary