Cook Weekly - 07 juillet 2008

We have written about the dropping giving to the Great Commission Fund, but let us talk about one of the results of that financial problem.  The budget figures are out for next financial year and they have cut off the possibility of giving scholarships to any new CMA students studying at FATEAC.  In fact, those funds are not even sufficient this year to cover the students we already have here.  (We do have a small amount of reserves that will cover our current commitments.)  But we have no funds to scholarship new students.  Our budget comes from the GCF and this year it provide 70% of the student's total expenses—the other 30% is to be provided by the sending church.

If you would like to sponsor a student (4 year commitment) -- individually, as a small group, as a church -- this would be the amount.  We would match you up with a specific student and his family.

If I understood a recent communication from the admissions committee, there are 8 CMA families academically prepared to enter FATEAC this fall (even though I don't know the breakdown on family size, most come with at least 1 child).  Please let Laura Livingston (and me) know if you would like to sponsor a future leader for the church in Africa.

FAMILY SIZE     DONATION NEEDED per year (we admit that these figures are subject to change as the dollar value changes)
single                     $4,385                              ($366/month)
 
married                   $5,425                              ($452/month)
0 children
 
married                   $6,765                              ($564/month)
1-3 children
 
married                   $8,250                              ($688/month)
4-6 children