Monday, September 7, 2015

Financial Report for August 2015

The tables below indicate our financial situation as of the end of August 2015 and the first two months of our 2015-16 fiscal year. Unrestricted general fund donations from churches and individuals during August totaled $19,937, which was $48,021 below the $67,958 budgeted for such income. Expenses of $95,209 were $10,793 below the $106,002 budgeted for expenses. In addition, we received $1,243 toward our Capital Fund in August, and $715 was given for scholarships. During July and August, the seminary disbursed $12,605 in scholarships.

With our current fiscal year only two months old, a general fund deficit of $84,366 is of concern, although not unprecedented for summer months when giving is typically slow and there is little tuition income. By comparison, the seminary's deficit for the first two months of the previous fiscal year was $46,659. The new school year now being underway, we need your help! Your gift is vital to the accomplishment of our mission. So many of our students are sacrificing greatly to answer the call to serve the One who sacrificed all for the sake of His people. Many have relocated families, given up jobs, and live in poverty during their seminary years. Will you answer their sacrifice with blessing? Will you pray earnestly for a stronger financial foundation this month?


 GENERAL OPERATING FUND - AUGUST 2015

fundraising ideas for schools, churches, and youth sports teams
Graph shows August
contributions vs. Budget 
(upper number)

 Donation Income (unrestricted)
$19,937  
 Other Income
$34,106  
 Total Income
$54,043  
 Expenses
$95,209  
 Net Income
–$41,166  
 GENERAL OPERATING FUND -  FISCAL 2015-16
Donation Income
$65,468  
Other Income
$56,380  
Total Income
$121,848  
Expenses
$206,214  
Net Income
–$84,366  

 CAPITAL FUND
 Capital Campaign Goal
$3,500,000 
 Received
$3,404,654 
 Long-term Pledges Outstanding
$281,784 
 Total Received and Pledged
$3,686,438 
 Outstanding Obligations
$0 
 Monthly Interest Payment
$2,783 
 Remaining Mortgage
$580,817 



 

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.

_______________________

Fidelity Charitable Clients: Click here for Donor-Advised Fund direct deposit (available soon)
_______________________

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