Well, this is a shame. Christianity Today reports:
Two months after promoting plans to send out “limitless” numbers of missionaries, the International Mission Board (IMB) of the Southern Baptist Convention (SBC) faces a financial crisis. IMB president David Platt announced 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. Overall, the IMB could release as many as 800 employees, according to an FAQ posted on the IMB’s website. 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. Overall, the agency spent about $210 million more than it brought in over the past 6 years, IMB leaders said.
Somebody hasn’t been sending in their seed money.