The tables below show our overall financial condition as of the end of January 2014. Unrestricted general fund donations in January of $40,497 from churches and individuals were $20,976 below the $61,473 January budget for these types of unrestricted contributions. Expenses of $103,240 were $15,238 above 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: The IRA charitable rollover expired on December 31, 2013. The rollover has historically been part of the "extenders package" that Congress renews for one or two years at a time. Congressional leaders indicated that an extenders package would not be passed prior to 2014. As a result, the IRA charitable rollover has not been reauthorized for 2014 and beyond. See here for information about planning your last will and testament with the Kingdom of God in mind.
|GENERAL FUND - JANUARY 2014|
|Donation Income (unrestricted)||$40,497|
|GENERAL FUND - FISCAL YEAR 2013-14|
|Capital Campaign Goal*||$3,500,000|
|Long-term Pledges Outstanding||$570,330|
|Total Received and Pledged||$3,844,137|
|Monthly Interest Payment||$3,560|