funding_crisis_10603
Posted: 10/3/03
SBC warns of funding crisis coming
NASHVILLE, Tenn. (BP) –The Southern Baptist Convention and its entities will face a financial crisis in the near future unless giving to the denomination increases, according to a report adopted unanimously by the SBC Executive Committee Sept. 23.
Echoing a recent report in the Baptist Standard, the SBC Funding Study Committee noted that percentage giving by church members has decreased gradually over the past 30 years. Additionally, churches are forwarding a smaller percentage of their offerings to the Cooperative Program than they did two decades ago.
Those two factors, combined with a sluggish economy, already have impacted the number of missionaries on the field and the tuition rates at SBC-funded seminaries. But the report says that, barring an increase in giving, the situation will continue deteriorating.
10/03/2003 - By John Rutledge