Thursday, February 6, 2014

January 2014 Financial Report

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.

Donation Income (unrestricted)$40,497
Other Income$53,238
Total Income$93,735
Net Income-$9,505

Donation Income$464,732
Other Income$167,588
Total Income$632,320
Net Income$19,497

Capital Campaign Goal*$3,500,000
Long-term Pledges Outstanding$570,330
Total Received and Pledged$3,844,137
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