Finances at Gymea Baptist Church
The only sources of income GBC has to finance its programs are the regular, sacrificial donations we receive from our own people. You can play a vital part and we need your support to continue. Please read on for information about financially supporting us and prayerfully consider your response.
Over the past few years we have seen God provide in wonderful ways that has allowed us to expand our facilities and build our ministry. A key element of this provision has been reflected in the generous financial giving of our people.
We are looking for that to continue in 2012. The need is great – both to support our ongoing ministries and mission projects, and also to reduce our remaining debt from the building program.
We therefore call on all of us who are committed to Gymea Baptist to prayerfully consider our level of giving.
The Three Key Financial Targets for 2012
1.Weekly giving - the way to be involved and consistent
Our offerings target for 2012 is $751,000 or close to $14,500 per week.This represents a 4% increase from regular offerings received in 2011, and we urge you to please increase your own giving by at least that percentage. See below for ways to give regularly.
We have created a special facility called “Programmed Giving” that may allow you to increase the value of your offerings– without extra cost to you! This is an opportunity that allows you (using tax deductibility) to generate additional money for the building fund using the money that you would normally contribute as your regular offerings. A special Information Flyer explains the program and is available from the Information Desk or you can download it below.
2. Building Fund
The need is twofold – loans (“Ministry Bonds”) to offset our interest costs (nearly $125,000 a year), and donations to reduce our mortgage (currently about $1.5 million).
Ministry Bonds – Currently a total of $600,000 has been loaned to us in this way. Ministry Bond monies are placed into an offset account with Baptist Financial Services (BFS) which reduces our interest. Each bond is for $2,000, is safe with BFS and can be redeemed with a couple of days notice. Please enquire in the office or at the information desk about purchasing Ministry Bonds.
Building Donations – Help us tackle our long term debt of $1 million. All donations to the Building Fund are tax deductible.
3. Special Offerings
We ask that you will begin the year by planning not only for your weekly offerings and building fund support, but also for these two special offerings in May and November.
May Mission Month – This has been functioning for many years and last year we distributed $198,865 to five different mission projects.
Thank Offering – This commemorates the anniversary of both the completed new building and the original Church opening. In 2012 this will occur on Sunday 25 November. All of the Thank Offering goes to pay off our building loan. In 2011 we received $53,000 this way. Donations can be tax deductible.
Thank you for your financial support of God’s work at Gymea Baptist Church.
For more information ...