Monday, November 7, 2016

Stewardship Report: Mission 30

The Annual GPTS Year-end Partnership Campaign

The battle for the future of the church is reaching critical stages. We are asking you to enlist in Mission 30, Greenville Seminary's campaign to provision our 30th year of serving Christ by equipping future leaders for His church.

Will you partner with us in this vital cause to raise $250,000 by the end of December 2016, the first half of our fiscal year? This goal is geared to achieve our budgeted needs and build a safety reserve for the second half of our fiscal and academic year.

The Fiscal Year 2016-17 seminary budget contemplates income of $1.28 million, including $1 million in gifts from supporters. The budget anticipates $1.27 million in expenses. These are large numbers which have grown steadily during the past three decades, but they are based on real-world requirements for what it takes to do the unique work GPTS is privileged to do.

Today is Giving Tuesday. It's an appropriate time to "pay forward" some of the gifts God has given you this year. Greenville Seminary counts its many blessings, including our network of like-minded friends and motivated partners who make this ministry possible instrumentally through the gracious providence of God. Experts tell us this seminary is extraordinarily blessed to have a relatively small group of supporters who give big. We have a steady cadre of average folks who give as the Lord enables them. If you have not yet joined the cause, won't you send $25, $50, $100, $500 or more now.

As the seminary enters its 30th year of training men for the Gospel ministry, we must lay a solid base of financial support to advance the mission to which God has called us — building on an old foundation an educational edifice structured to meet the spiritual needs of the 21st century church.

Be watching your mail for more about Mission 30 and what your gifts are accomplishing at GPTS.
GOAL: $250,000. We need your help to advance Mission 30 during the coming year of service for Christ and His Church.


A Message from President Pipa


I do not need to tell you we live in desperate times — both for our nations and the Church. A recent poll by Ligonier Ministries demonstrated the awful decline in the evangelical church. There is great ignorance about the Bible and the Christian life.

We at Greenville Seminary firmly believe that the answer is the prayerful use of the ordinary means by which God extends His grace. And so for the past three decades we have focused on preparing men to be faithful preachers of the Word of God. To accomplish this, we depend on partners like you.

We spend about $19,000 annually for each student who studies here. We receive more than 70 per cent of those funds from individual and church supporters. We deliberately keep our tuition low (about $5,900/year) so that men do not graduate with debt. Our budget calls for about $936,000 in general fund gifts from individuals and churches during FY 2016-17. Additionally, we need to build financially toward upcoming faculty additions — one in August 2017 and a second in the next couple of years.

Usually, we receive about three-fourths of our gifts from late November through December. This year our goal is to raise $250,000 by the end of 2016. We gratefully appreciate our faithful supporters.

Whether or not you are able to begin or to continue underwriting our work with a monetary contribution, we ask you to pray that God will keep us faithful and provide for our needs.


Yours in Christ,

Dr. Joseph A. Pipa, Jr.

Financial Report for October 2016


The tables below indicate our general operating fund financial situation as of the end of October and thus far in the 2016-17 fiscal year.

Budget Performance:

Unrestricted general fund donations from churches ($41,585) and individuals ($27,116) in October totaled $68,701, which was $9,299 below the $78,000 budgeted for such income. Expenses of $98,430 in October were $422 below the $98,852 budgeted for expenses.

Actual Income and Expenses:

GENERAL OPERATING FUND – OCTOBER 2016
Donation Income (Unrestricted)
$68,701
Other Income
$3,383
Total Income
$72,083
Expenses
$98,430
Net Income
($26,346)
GENERAL OPERATING FUND – FISCAL YEAR 2016-17
Donation Income (Unrestricted)
$348,680
Other Income
$55,689
Total Income
$404,369
Expenses
$399,312
Net Income
$5,057



 CAPITAL FUND
 Capital Campaign Goal
$3,500,000 
 Received
$3,469,208 
 Long-term Pledges Outstanding
$235,459 
 Total Received and Pledged
$3,704,669 
 Outstanding Obligations
$0 
 Monthly Payment (Interest Only)
$1,977 
 Remaining Mortgage
$577,495 


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. So far this calendar year, more than $15,758 has been donated fee-free through PayPal Giving Fund, some anonymously. Thank you so much!
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 and Schwab Charitable clients: Click here for Donor-Advised Fund direct deposit. Wells Fargo employees: check with your company about matching gifts to GPTS.
Do you work for a company that offers matching gifts when you contribute to a charity? Why not ask your employer about whether your gifts to GPTS can be matched. Here is a list of some of the top companies that offer matching gifts or reward your volunteer work for your charity. Many other companies do as well, to support employee charitable giving and extend corporate philanthropy.
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In 2015, Congress passed a law permanently allowing taxpayers age 70½ or older to transfer up to $100,000 annually from their IRA accounts directly to qualified charities (such as GPTS) without first having to recognize the distribution as income. For more information about this tax-saving option, go here or see your financial adviser. Clients using Donor Advised Funds, including those offered by the PCA Foundation, should read about conditions and limitations on this program.

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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.

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.

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