Financial Needs

ON-GOING FINANCIAL NEEDS

Our on-going financial support needs is approximately $5,000 per month, or about $60,000 per year. Currently, we are at 92% support received and are so very thankful for those who gave sacrificially to the ministry.

Here is the breakdown of the costs that are included in our overall support:

Ministry Expenses: This is set aside to pay for ministry needs such as discipleship supplies, subsidies of local ministries, travel, supplies, cell phone minutes, Internet, equipment maintenance, and expenses related to keeping us connected to our ministry partners.

Salary: This covers our day-to-day living expenses (food, clothing, gas, rent, utilities, etc), tithing, gifts, and saving.

Medical Insurance: This covers our medical expenses in Botswana and South Africa. We do not currently have coverage for emergency evacuation nor coverage when we are in the US.

Administration: This fee covers the costs to receive the funds, send receipts, forward us the funds, and handle the necessary accounting services. Currently the cost is $3.00 per gift designation. So a $20 gift or a $20,000 gift is charged the same $3.

Furlough Reserve: This amount is set aside each month to cover our increased expenses while living back in the US, plus travel expenses to bring us home every few years.

Taxes: We are required to pay self-employment taxes to the IRS. We do not pay any state or federal income tax while we are residing overseas. We are blessed that we are not required to pay any taxes to the Botswana government.

Retirement: Funds are invested in our retirement account to ensure that we will continue to be cared for even into retirement. It used to be that missionaries would serve the Lord for many years and then return home to retire and have nothing saved.

Please feel free to contact us if you would like to receive the details of our budget.

Discover More About The Ministry about how you can partner with the ministry through your financial gifts.