Financial Report for September 2014

The tables below indicate our financial situation as of the end of September 2014. Thus far this fiscal year, we have accumulated a general fund deficit of $58,154. This is likely the result of several factors, including the absence thus far of donations from several traditionally large benefactors and a downturn in tuition receipts due to a growing number of students studying under our tuition waiver program (see last month's story for further explanation).

Unrestricted general fund donations during September of $31,838 from churches and individuals were $32,021 below the $63,859 September budget for these types of contributions. Expenses of $70,554 were $19,361 below the $89,915 budgeted for expenses.

GENERAL OPERATING FUND - SEPTEMBER 2014		Graph shows donation income vs. budget for September 2014
Donation Income (unrestricted)	$31,838
Other Income	$33,618
Total Income	$65,456
Expenses	$70,554
Net Income	–$5,098
GENERAL OPERATING FUND - FISCAL 2014-15
Donation Income	$121,490
Other Income	$67,682
Total Income	$189,172
Expenses	$247,326
Net Income	–$58,154

CAPITAL FUND
Capital Campaign Goal	$3,500,000
Received	$3,362,348
Long-term Pledges Outstanding	487,277
Total Received and Pledged	$3,849,626
Outstanding Obligations	$35,000
Monthly Interest Payment	$3,025
Remaining Mortgage	$610,817

 

Special offer: 

For your special donation of $200 or more before the end of this year, GPTS would be pleased to send you a complimentary copy of Dr. Ryan M. McGraw’s new book, The Foundation of Communion with God: The Trinitarian Piety of John Owen. (Allow 4-6 weeks for delivery.)

Dr. McGraw, an adjunct professor at GPTS who will be joining the faculty full-time in 2015 teaching systematic theology, is a recognized expert on the Puritan theologian John Owen.

If you would like to make a convenient online donation to Greenville Seminary, click the "Donate" button above. Gifts may also be mailed to: Greenville Seminary, PO Box 690, Taylors SC 29687.

Remember, gifts to GPTS are tax-deductible and may include cash, securities, property or a variety of planned giving instruments. (The tax deduction is reduced by the fair market value of any premium received in return for a donation.) See here for information about planning your last will and testament with the Kingdom of God in mind.

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" e-mail icon at the bottom of this post.) Thank you for your continued support for Greenville Presbyterian Theological Seminary.