Despite Dr. Ezell’s statement above, hundreds of millions of Cooperative Program dollars have been stockpiled rather than going back into the field.
It has been reported that actual NAMB guidelines mandate a reserve fund in the neighborhood of $70 Million. Instead, reserves have swollen to $223 Million. Assets are up to $423 million, and investments are up $77 million from 2010. Even taking into account NAMB's astronomical spending on church plants, it seems that a lower percentage of the funds NAMB receives is making it out to the field.
LEARN MORE ABOUT PROPERTY PURCHASES