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Southern Baptist Cuts Budget, Missionaries

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Two months after promoting plans to send out "limitless" numbers of missionaries, the International Mission Board (IMB) of the Southern Baptist Convention (SBC) is facing a financial crisis.

IMB president David Platt announced last Thursday that the agency needs to cut at least 600 missionaries and staff in order to balance its budget. Those cuts are needed to make up for a $21 million deficit for 2015.

The first of the cuts will come from voluntary retirements, followed by a restructuring.

The IMB could release as many as 800 employees, according to the IMB's website.

Currently, the IMB has about 450 people on staff and about 4,700 missionaries overseas. Platt said earlier this year the total number of missionaries would likely drop to about 4,200, a 25 percent decline from 2009.

Platt also explained how the IMB will change how it does business.

The agency currently has two major sources of ongoing funding: donations to the annual Lottie Moon Christmas Offering and funds from the SBC's Cooperative Program.

That income has been supplemented in recent years with reserve funds, as well as proceeds from the sales of missionary housing and other property overseas. Those property sales have helped IMB missionaries fincancially but the agency was running out of properties to sell.

They are "now close to depleting its reserves and must work to restore them to a more responsible level," the website explained.

Overall, the agency spent about $210 million more than it brought in over the past 6 years, IMB leaders said.

"We cannot continue to overspend," Platt said. "For the sake of short-term financial responsibility and long-term organizational stability, we must act."

The IMB had $168 million in reserves as of June 2015, according to its report to the SBC's annual meeting. The agency's total budget for 2015 was about $301 million. That report also shows about a $3 million deficit for 2014 and 2015.

Scott Moreau, editor of Evangelical Missions Quarterly, said the IMB staff cuts could be a sign of things to come. Since the 1700s, he said, evangelicals have used the "William Carey" model of missions funding. This approach focuses on the organization raising funds from people and businesses and pooling resources for its staff and missionaries.

"It's a model that could falter in the future," Moreau said. "This might be a step toward the demise of the centrally funded mission agency."

Sebastian Traeger, IMB executive vice president, said that agency leaders considered other options to make up the budget deficit, including reducing the number of new missionaries or selling more property.

"But none of them bring about a balanced budget fast enough, or they are not feasible to implement in the short term," Traeger said. "Our goal is to align our cost structure with the amount of money given to us each year."

Despite financial crisis, the organization plans to continue to send out new missionaries, including an estimated 300 this year.

Still, Platt said that the agency can't raise enough money to send out all the people who want to serve in missions.

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