Tuesday, November 10, 2015

Financial Report for October 2015

The tables below indicate our financial situation as of the end of October 2015 and the 2015-16 fiscal year to that date. Unrestricted general fund donations from churches and individuals during October totaled $$64,807, which was nearly double the September figure but still $3,151 below the $67,958 budgeted for such income. Total income for the month, including funds withdrawn from reserves, was $91,107, which was $11,763 below budget projections of $102,870. Expenses of $101,484 were $5,518 below the $106,002 budgeted for expenses. In addition, we received $1,043 toward our Capital Fund in October. A total of $10,965 was given for scholarships, all for international students, and $3,000 was given for international faculty travel.

We continue to need your help! Your gift and prayers are vital to the accomplishment of our mission. Will you give generously and pray earnestly for a stronger financial foundation this month? We express our thanks to those who responded to our financial appeal last month.


 GENERAL OPERATING FUND - OCTOBER 2015

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

 Donation Income (unrestricted)
$64,807 
 Other Income (see note below)*
$26,300 
 Total Income
$91,107 
 Expenses
$101,484 
 Net Income
–$10,377 
 GENERAL OPERATING FUND -  FISCAL 2015-16
Donation Income
$168,650 
Other Income (see note below)*
$159,075 
Total Income
$327,725 
Expenses
$419,039 
Net Income
–$91,314  

*NOTE: "Other income" figures include a planned $16,667 withdrawal monthly from a reserve account established from a bequest received near the end of our last fiscal year.

 CAPITAL FUND
 Capital Campaign Goal
$3,500,000 
 Received
$3,406,435 
 Long-term Pledges Outstanding
$281,201 
 Total Received and Pledged
$3,687,636 
 Outstanding Obligations
$0 
 Monthly Payment (Interest Only)
$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.

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