The Executive Board of the South Carolina Baptist Convention recently voted unanimously to release $10 million in unrestricted cash assets into the mission and ministry model of the convention over a 10-year period, the Baptist Courier reported.
The plan includes a detailed quarterly report to the board’s Executive Advisory Team, an annual detailed report to the board’s Business, Finance, and Audit Committee (BFA), and a high-level evaluation at the five-year midpoint.
10 x 10 Plan
It was presented by Executive Director-Treasurer Tony Wolfe as the “10×10 Plan for Strategic Priorities Funding.”
The motion, as approved unanimously by the Executive Advisory Team, the BFA and the full executive board is as follows: That the BFA Committee and Executive Board approve the following 10×10 Plan for utilizing Strategic Priorities funds, up to $10 million in 10 years, to boost state Baptist effectiveness in seven priority areas of ministry and mission requiring (1) a quarterly report to the Executive Advisory Team on priorities progress, (2) an annual report to the BFA Committee on the actual usage of funds, and (3) a mid-plan evaluation in 2029.
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EDITOR’S NOTE — This story was written and originally published by Baptist Courier.