The Southern Baptist Foundation donates 10% to the cooperative program
NASHVILLE (BP) — The Southern Baptist Foundation donated nearly $117,000 to the Southern Baptist Cooperative Program Friday, Feb. 4, continuing the foundation’s tradition of donating 10% of net profits annually to CP.
“We strongly believe in the work of the co-op program and want to be an example to set,” said SBF President Warren Peek. “Our ministry partners are there every day to win people to Christ. Giving to the co-op program is one way to support and encourage them.
The donation comes as the SBF, founded in 1947, celebrates its 75th anniversary.
“Believers came out in faith 75 years ago to establish the foundation to help manage and distribute the gifts that strengthen Southern Baptist ministries like the Cooperative Program,” Peek said. “We consider it a privilege and a joy to serve God and all Southern Baptists.”
Willie McLaurin, Interim President and CEO of SBC’s Executive Committee, congratulated SBF on the gift.
“The gift received from the Southern Baptist Foundation places an exclamation mark on collaborative partnerships, cooperation and generosity,” McLaurin said. “The SBF partners with individuals, churches, associations, and state conventions to invest resources for the Kingdom of God.”
The gift will expedite the work of the Kingdom, McLaurin said.
“This donation is vitally important as it will fuel the advancement of the Gospel in our nations and neighborhoods,” he said. “The CP gift will be distributed to Southern Baptist entities as affirmed by the messengers as part of the Cooperative Program Allocation Budget. Our local and global impact will be accelerated through the generosity of this Great Commission. I am extremely grateful to Warren Peek and his team for faithfully serving Southern Baptists well.
The check for $116,963.39 brings the total amount SBF has donated to CP since the layaway began in 2014 to nearly $400,000, Peek said. The SBF sets aside an additional 10% of its net profits each year to provide free estate planning to missionaries and has donated more than $900,000 combined to CP and missionary estate planning since the latter program began in 2013. did he declare.
Peek is grateful for the SBF’s many opportunities to support the work of the Kingdom over its 75 years and is celebrating its legacy by completing 75 service projects and special events in 2022.
“There have been – and still are – many opportunities to impact the Kingdom. God has richly blessed the foundation and we have had tremendous accomplishments over the years,” Peek said. beginnings in February 1947 with total assets of $25,000, the foundation has grown to manage over $600 million.Since its inception, the SBF has distributed over $5.5 billion to advance the Kingdom of God and , approximately $540 million in future estate planning donations have been generated since 2013. Over the past five years, The Plan of Salvation has been shared over 6,500 times on our website.
The SBF, with offices in the SBC Building in Nashville, handles estate planning and investments for individuals, churches, ministries and other organizations. Its website offers free information resources for financial planning and charitable giving.
“We have set out a vision for the future that will not only continue to honor God and serve others, but will further inspire believers to make an everlasting impact for the Kingdom,” Peek said.
The SBF honors its past and embraces its future, Peek said, applauding past leaders such as Duke McCall, Charles Bolton, Luther Holcomb, James Storer, Kendall Berry, Hollis Johnson and Mike Weeks. Peek also noted “dedicated and caring” former employees, including Willie Earl Adams, Peggy Armstrong, Joe Lena Bond, Christine Bess, Betty Libby, Dimple Miller, Judy Garner, Joyce Lambert, Barbara Black, and Faye Albright, among others.
“Our current team members continue to take over as we plan for the future,” Peek said. “As eighth president…it is a privilege to rely on the dedication of these faithful men and women who have shaped the foundation into what it is today.”