Thursday, August 7, 2014

Financial Report for July 2014

July 1st marked the beginning of our 2014-15 fiscal year at Greenville Seminary. The tables below show our overall financial condition as of the end of July. Summer months are always problematic for income as donations typically dwindle and the absence of classes means little or no tuition income. Your special contribution this month is urgently needed. Click the red button below and choose your best level of gift!

Unrestricted general fund donations during July of $53,435 from churches and individuals were $10,424 below the $63,859 July budget for these types of contributions. However, expenses of $87,957 were $4,592 below the $92,549 budgeted for expenses, as we continue to work diligently to make efficient use of what is given to us.

Remember, gifts to GPTS are tax-deductible and may include cash, securities, property or a variety of planned giving instruments. See here for information about planning your last will and testament with the Kingdom of God in mind.


GENERAL OPERATING FUND - JULY 2014
Donation Income (unrestricted)
$53,435
Other Income
$18,922
Total Income
$72,357
Expenses
$87,957
Net Income
–$15,600
GENERAL OPERATING FUND - FISCAL 2014-15
Donation Income
$53,435
Other Income
$18,922
Total Income
$72,357
Expenses
$87,957
Net Income
–$15,600

CAPITAL FUND
Capital Campaign Goal*
$3,500,000
Received
$3,360,672
Long-term Pledges Outstanding
487,905
Total Received and Pledged
$3,848,578
Outstanding Obligations
$35,000
Monthly Interest Payment
$2,800
Remaining Mortgage
$610,817

*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. (Click the tiny "M" or e-mail icon at the bottom of this post.) Thank you for your continued support for Greenville Presbyterian Theological Seminary.