Start-up Summary

Spence Network start-up funds total approximately $640,000, given to the Virginia Baptist Mission Board ("VBMB") by donors invested in elevating the quality of congregational leadership, particularly in Virginia. The VBMB also currently pays salary and other costs associated with the Leader of Spence Network. The VBMB also supplies auxiliary support to Spence Network (i.e. website creation and maintenance, print collaterals, etc.).

Beyond salary, benefits, and expenses of the Leader, Spence Network's current costs are funded through interest income earned on the principle. Costs are for networking initiatives as selected by the Leader and Board (of directors).

Please contact John Chandler for more information about the Spence Network.