With our 29th Commencement exercises behind us,
we are preparing for the Fall. Part of our preparation this year involves raising
$350,000 in the months of May and June. Last year, we received over 20% of our
annual income in these two months, and those revenues sustained us through the
Summer and early Fall.
Looking at the financial report for this fiscal year through
April, we are thankful for the great generosity of our support network. We
praise God for keeping our net income positive thus far this year. Due to the
designation of certain significant gifts received in March and April, we need
to reach our goal for May and June in order to stay on top of recurring monthly
expenses between now and the Fall.
We are at a crucial juncture right now as we prepare to
welcome to the Seminary another larger-than-average class of students from
around the United States. We also have several international students joining
us this Fall.
Our total income for the four weeks of April, including donations and other sources, was $125,188. Unrestricted donation income was under budget by $12,377, but total income was over budget by $9,671 due in part to higher-than-anticipated tuition revenue and a large restricted donation to be applied toward our outstanding mortgage on the “Old Taylors High School” building. It is important that we meet our goal for May and June in order to stay on top of operational and personnel expenses.
If you can make a financial gift to the Seminary, you may do so either online at gpts.edu/donate or by mailing a check containing your gift to GPTS, PO Box 690, Taylors, SC 29687. Greenville Presbyterian Theological Seminary is a registered 501( C )(3) charitable organization, and all gifts are tax-deductible. Thank you for your generous support! Ω