Friday, November 7, 2014

Financial Report for October 2014

The tables below indicate our financial situation as of the end of October 2014. Unrestricted general fund donations during October of $45,175 from churches and individuals were $18,684 below the $63,859 October budget for these types of contributions. Expenses of $86,448 were $3,467 below the $89,915 budgeted for expenses. We are grateful that the seminary was able to finish a month with a positive balance for the first time this fiscal year (though still below budgeted needs). In addition, we received $30,000 toward our Capital Fund in October.

As can be seen from the General Fund table below, we still need to make up a nearly $53,000 deficit accumulated during the first four months of the 2014-15 fiscal year. If 100 concerned supporters provided a gift of $530 each, that deficit could be eliminated. In the next few weeks, we will begin our annual year-end outreach. Watch your mail for a progress letter from President Pipa, and prayerfully consider what you might do to help sustain GPTS through the end of 2014.

 GENERAL OPERATING FUND -  OCTOBER 2014
fundraising ideas for schools, churches, and youth sports teams
Graph shows donation income vs. budget for October 2014

 Donation Income (unrestricted)
$45,175 
 Other Income
$46,647 
 Total Income
$91,822 
 Expenses
$86,448 
 Net Income
$5,374 
 GENERAL OPERATING FUND -  FISCAL 2014-15
Donation Income
$167,165 
Other Income
$114,081 
Total Income
$281,246 
Expenses
$334,191 
Net Income
–$52,945 

 CAPITAL FUND
 Capital Campaign Goal
$3,500,000 
 Received
$3,393,165 
 Long-term Pledges Outstanding
$286,959 
 Total Received and Pledged
$3,680,124 
 Outstanding Obligations
$35,000 
 Monthly Interest Payment
$3,025 
 Remaining Mortgage
$580,817 


 

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.

THE GPTS ADVANCEMENT INITIATIVE

From now until the end of 2015, Greenville Seminary urges you to join in our critical-needs Advancement Initiative by donating and enlisting a team of fellow supporters. Here's how it works:

Click on this link and then either select the orange DONATE TO YOUR CHARITY box to make a donation or, better yet, click on the black FUNDRAISE FOR YOUR CHARITY box to start your own peer-to-peer fund-raising campaign on behalf of GPTS. Once you have created your campaign, click on the "Manage Team" tab on your fund-raiser campaign page, then on the "Invite Team Members" box to create an e-mail message notifying your contacts about your fund-raising efforts on behalf of Greenville Seminary. In turn, they will have the opportunity to give or start a campaign of their own.


As you reach out, or even if you do not participate in this Crowdrise.com effort, we would appreciate knowing about your contacts. We are asking you to provide the names of five prospective donors from among your friends and acquaintances. To make your pledge and referrals, please fill out and submit the form here.
  
Most of all, be fervent in prayer that God would provide all that is needed for us to do what He has called us to do in this ministry which the church so badly needs in these uncommon times.

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.