Monday, January 11, 2016

Financial Report for December 2015

As we stand at the threshold of a new year, we give glory to God and thanks to His people who responded so overwhelmingly to Greenville Seminary's GPTS Impact 2015 year-end financial campaign. The campaign goal of $180,000 was substantially exceeded as our faithful supporters, new and old, contributed a total of $211,272 during the campaign period from Nov. 30 through Jan. 4!

For the full calendar year of 2015, contributions to the general fund totaled almost $1.04 million and income from all sources totaled nearly $1.3 million, illustrating again what a major role donations play in our financial foundation. Expenses for the calendar year totaled $1.2 million.

The tables below indicate our general operating fund financial situation as of the end of December 2015 and the first half of our 2015-16 fiscal year, which began July 1, 2015. Unrestricted general fund donations from churches and individuals during December totaled $194,867, which was $126,909 above the $67,958 budgeted for such income. Total income for the month, including planned funds withdrawn from reserves, was $281,955, which was $179,085 above budget projections of $102,870. Expenses of $115,716 were $9,048 more than the $106,668 budgeted for expenses. We received a $40,000 capital projects grant from a business in December, and these funds were placed into our reserve account to reimburse what was withdrawn recently from reserves to meet a contractual obligation to pave a parking lot shared by a neighboring organization.

We continue to need your help as the new year lies before us! Your gifts and prayers are vital to the accomplishment of our mission. Will you give generously and pray earnestly for a strong financial foundation this month? We express our thanks to those who have already given.

 GENERAL OPERATING FUND - DECEMBER 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

 Donation Income (unrestricted)
$194,867 
 Other Income (see note below)*
$87,089 
 Total Income
$281,955 
 Expenses
$115,716 
 Net Income
$166,240 
 GENERAL OPERATING FUND -  FISCAL 2015-16
Donation Income
$398,983 
Other Income (see note below)*
$278,326 
Total Income
$677,309
Expenses
$502,769 
Net Income
$174,540 

*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
$3,447,275 
 Long-term Pledges Outstanding
$240,488 
 Total Received and Pledged
$3,688,063 
 Outstanding Obligations
$0 
 Monthly Payment (Interest Only)
$2,783 
 Remaining Mortgage
$580,817 



Donate to GPTS through the PayPal Giving Fund. Giving through this Fund means 100% of your gift will reach GPTS, without the usual processing fees deducted. You can also support the seminary by buying and selling through the eBay for Charity system.

Gifts may also be mailed to: Greenville Seminary, PO Box 690, Taylors SC 29687.
And don't forget to do your online shopping at AmazonSmile. Log on to smile.amazon.com and select Greenville Presbyterian Theological Seminary as your charity. Or click on the AmazonSmile banner at the very bottom of this e-newsletter. 
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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