Monday, December 7, 2015

GPTS Impact 2015: Financial Report for November 2015


The Year of our Lord 2015 is drawing to a close. Greenville Seminary has sought to be faithful to make this truly a Year of our Lord in our service to His Church. We are most grateful to many of God's people who have provided the financial wherewithal to allow us to continue our work of training Biblically grounded future pastors and Christian workers.

A church in Georgia, for example, just increased its annual giving to GPTS along with a note "to express our deep appreciation for the work of Greenville Presbyterian Theological Seminary. ... The Session...was unified in its desire to express our thanks to GPTS for its unwavering commitment to the biblical teaching of the reformed faith and the faithful preparation of the next generation of ministers in Christ's church. ... Colossians 3:17 encourages us: 'And whatever you do, in word or deed, do everything in the name of the Lord Jesus, giving thanks to God the Father through him.' May the staff and faculty at GPTS continue faithfully in its work. The road may be difficult and thankless in moments, but we pray that our financial support ... will go some way to assist you in operating the seminary for the glory of our great God and service in His kingdom."

GPTS Impact 2015 Campaign


At the end of each calendar year, GPTS reaches out to individuals and churches on whom we depend for 70 per cent of our operating income. We are pleased to report that the response thus far in December has been very positive. We substantially exceeded our $180,000 goal by the grace of God and the generosity of His people. You may have received a special letter in the mail about this from President Joseph Pipa, Jr. If you have not yet responded, we humbly beseech you to consider helping us to begin 2016, which will see the start of our 30th year of classes in the fall, with an assurance that our needs will be met.

The tables below indicate our financial situation as of the end of November 2015 and the 2015-16 fiscal year to that date. Unrestricted general fund donations from churches and individuals during November totaled $38,008, which was $29,950 below the $67,958 budgeted for such income. Total income for the month, including funds withdrawn from reserves, was $69,269, which was $35,912 below budget projections of $102,870. Expenses of $93,299 were $13,369 less than the $106,668 budgeted for expenses. In addition, we received $818 toward our Capital Fund in November. A total of $195 was given for scholarships and $175 was given for international faculty travel.

We continue to need your help! Your gifts 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 have already responded to our financial appeal.


 GENERAL OPERATING FUND - NOVEMBER 2015
GPTS Impact 2015

fundraising ideas for schools, churches, and youth sports teams


Graph shows progress 
toward the GPTS Impact
2015 Year-End Fund Goal
You may also follow progress
on the GPTS web site home page.

 Donation Income (unrestricted)
$38,008 
 Other Income (see note below)*
$31,261 
 Total Income
$69,269 
 Expenses
$93,299 
 Net Income
–$24,030 
 GENERAL OPERATING FUND -  FISCAL 2015-16
Donation Income
$206,658 
Other Income (see note below)*
$190,764 
Total Income
$397,422 
Expenses
$502,769 
Net Income
–$105,347  

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

 CAPITAL FUND
 Capital Campaign Goal
$3,500,000 
 Received
$3,406,603 
 Long-term Pledges Outstanding
$281,132 
 Total Received and Pledged
$3,687,736 
 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