THIS IS THE BILLY GRAHAM EVANGELISTIC ASSOCIATION1 Billy Graham Parkway • Charlotte, NC 28201-0001 TELEPHONE: 704-401-2432 WEB SITE:billygraham.org 45161 4473 Printed in the U.S.A

1 Billy Graham Parkway • Charlotte, NC 28201-0001 TELEPHONE: 704-401-2432 WEB SITE: billygraham.org

45161 4473 Printed in the U.S.A. ©2007 BGEA

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THIS IS THE BILLY GRAHAM EVANGELISTIC ASSOCIATION

My Hope World Evangelism Television Project



Live Events Dare to Be a Daniel



Counseling and Follow-Up Rapid Response Team

“For God ... has made this light shine in our hearts so we could know the

glory of God that is seen in the face of Jesus Christ.”—2 CORINTHIANS 4:6, NLT

THIS IS THE BILLY GRAHAMEVANGELISTIC ASSOCIATION

Dear Friend,

I wish you could share my view from the Crusade platform as men, women, and children

stream forward to surrender their lives to Jesus Christ. What a blessing to see the faces of

those individuals changed for eternity! Multiply this thousands of times over—across five

continents—and these are the faces of the Billy Graham Evangelistic Association (BGEA).

“Those who look to him are radiant; their faces are never covered with shame”

(Psalm 34:5, NIV). We are humbled that God would use BGEA in lifting up these faces and

removing the shame of sin and guilt through the shed blood of Jesus Christ. Praise God,

through evangelistic live events, nationwide TV broadcasts, disaster-response chaplain

teams, innovative training for youth, and so much more, 3.9 million people made decisions

for Jesus Christ in 2006.

Please join us in giving thanks to God for the great things He has done. All the glory belongs

to Him alone! As I consider our plans for 2007—including the opening of the Billy Graham

Library, the launch of our Dare to Be a Daniel group curriculum, and our busiest Crusade

schedule in a decade—I can only imagine what God has in store.

My heart rejoices when I recall the Lord’s promise that He “is able to do immeasurably more

than all we ask or imagine” (Ephesians 3:20, NIV). What a powerful God we serve! May He

richly bless you.

Sincerely,

Franklin Graham

President and CEO

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LIVE MINISTRY EVENTS

FRANKLIN GRAHAM FESTIVALS • In 2006, God was at

work rewriting record books across the globe using

Franklin Graham Festivals. Record-breaking crowds totaling

more than 670,000 on three continents heard the Good

News of Jesus Christ, and for the first time, Japanese- and

English-speaking Christians in Okinawa joined together to

reach their island for Christ.

But the greatest records of

2006 are the 56,000 that will

stand for all eternity—they are

the men, women, and children

God has changed forever by the

saving power of Jesus Christ. •

Festivals, like all of our Crusade

events, begin with local believers who are burdened for the

salvation of their friends and neighbors. At the invitation of

Christian leaders in a city, BGEA partners with churches for

months of planning and training leading up to the three-day

outreach. After the event, we assist the local body in

following up with those who made decisions for Christ.


Franklin Graham Festivals Baltimore, Maryland

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Because these churches are a permanent part of their

community, lives continue to be changed by the power

of the Gospel long after the Festival is over.

The year began in the Philippines with the Metro

Manila Festival—Franklin Graham’s first in Asia and his

largest to date. Over 317,000 people heard the Gospel,

and more than 33,000 people made decisions for

Jesus Christ. On Saturday morning, 82,500 kids and

family members packed Rizal Park, breaking the

record for the largest children’s event ever held there.

In March, God brought a message of new life to a

shattered city through the historic Celebration of

Hope in New Orleans, Louisiana, and 1,365 people

made public commitments to Christ.

Billy Graham toured ruined neighborhoods with his

son, offered encouragement to local pastors, and

delivered Sunday’s closing message. During the two-

day event at the city’s Superdome, the Grahams

reminded crowds that real hope is found only in Jesus.

Weeks later, inmates at what was once America’s

bloodiest prison heard a message of forgiveness and

freedom. The Louisiana State Penitentiary at Angola

is still a maximum-security prison, and many inmates

are serving life sentences without the possibility of

parole. Before the Festival, Franklin Graham visited

and prayed with the men on Death Row.

More than 300 churches prepared for the Gulf

Coast Festival in Mobile, Alabama, overcoming racial

barriers, as well as the physical trials brought on by

hurricanes Ivan, Dennis, and Katrina. Franklin Graham

spoke on the kind of relief that can only come from

God, and hundreds put their trust in Christ.

In July, the Metro Maryland Festival was held in

Oriole Park at Camden Yards, the only time in 2006

that this famed venue hosted a nonbaseball event. A

record 81,000 people attended the Festival, and 3,255

made decisions for Christ. Billy Graham also made an

appearance, preaching the sermon on the final day.

Next Franklin Graham traveled to Quito, Ecuador, for

Festival de Esperanza (Festival of Hope). More than

140,000 people attended the two-day Festival—the

country’s largest evangelistic event—and broke the

attendance record at Olympic Stadium.

In late fall, God’s love melted cold hearts in frigid

Winnipeg during the Central Canada Festival. Overflow

crowds attended each night, and more than 2,000

people responded to the call to follow Jesus.

The Okinawa Festival, the final event for 2006,

marked the first time that local Japanese-speaking

churches and international English-speaking churches

joined together to reach out to the island with the

Good News of Jesus Christ.

Considering that less than 1 percent of the

population of Japan is Christian and the average

church has only 40 members, local organizers were

astonished at the response to the Festival. More than

30,000 people turned out to hear the Gospel, and

1,784 responded to make decisions for Christ.

During a follow-up phone callafter the Festival in Mobile,Ala., one woman said theevent saved her life. Two and ahalf years earlier, her husbandhad died. When HurricaneKatrina washed ashoremonths before the Festival,she lost her new boyfriendand several close friends.Dejected and hopeless, shewas contemplating suicide. Onthe final evening shediscovered something worthliving for and came forward togive her heart to Jesus Christ.

FACING THE SAVIOR

Okinawa, Japan

“And this gospel of thekingdom will bepreached in the wholeworld as a testimony toall nations.”—MATTHEW 24:14, NIV

Louisiana State Penitentiary, Angola, Louisiana


WILL GRAHAM CELEBRATIONS

In 2006, William Franklin “Will” Graham, IV, held

his first large-scale evangelistic Crusade in the U.S.

with the Billy Graham Evangelistic Association.

Crowds totaling more than 12,600 attended the

Greater Gaston Celebration in Gastonia, North

Carolina. Will preached to an audience of 4,500 on

the opening night, a record for the decades-old

stadium. During the three-day Celebration, over

450 people came forward to make personal decisions for Jesus Christ.

Cliff Barrows and George Beverly Shea, longtime Crusade partners of

Billy Graham, joined Will on stage.

VIKTOR HAMM

In June, Christian leaders across the Ukraine

joined Viktor Hamm in holding the Festival of

Hope in the southwestern city of Chernovtsy. With

overflow attendance during the three-day

Festival, more than 44,000 people came to hear

the Good News, and over 1,800 made personal

decisions for Jesus Christ. At the sight of fellow

Ukrainians finding new life in Christ, one attendee

said, “It’s a joy to see the happy faces of those who have found what

they have been seeking for so long.”

The event was held as part of year-long preparations for Franklin

Graham’s upcoming Festival in Ukraine, which will be held in the

nation’s capital, Kiev, in July 2007.

ROBERT CUNVILLE

In addition to his major responsibilities as

chairman of My Hope-India, Robert Cunville held

14 evangelistic Festivals of Peace all across India—

many in areas traditionally hostile to the Gospel.

We praise God that over 691,000 people heard

the Good News, and more than 41,000 made

public commitments for Christ.

A Ukrainian pastorwent door to doorin the days beforethe Viktor HammFestival of Hope,inviting people tothe evangelisticoutreach. One ofthose who agreedto come was hisformer teacher, anardent atheist.During the days ofSoviet rule, sheregularly humiliatedand even beat himand other Christianstudents for theirfaith. She came tothe Festival, heardthe Gospel, andsurrendered her lifeto the Savior shehad spent her lifedenying. A fewmonths later, shewas baptized by herformer student.

FACING THE SAVIORTHIS IS THE BILLY GRAHAM EVANGELISTIC ASSOCIATION

Will Graham Celebrations Gastonia, North Carolina

LIVE MINISTRY EVENTSASSOCIATE EVANGELISTS


MY HOPE

WORLD EVANGELISM TELEVISION PROJECT • The

My Hope World Evangelism Television Project is small group

evangelism on a massive, nationwide scale, modeled after

the Apostle Matthew, who invited many friends into his

house to meet the Savior. • Last year, Christians in Mexico,

the Philippines, and India became “Matthews” as they

received evangelistic

training from BGEA

and—with much

prayer—invited

friends into their

homes to watch

special TV programs

featuring Gospel

messages by Billy or

Franklin Graham. Praise God, more than 3.7 million

individuals have recorded decisions for Jesus Christ! • In

Mexico, over 20,000 partner churches from every state in

the country trained nearly 261,000 congregants for this

relationship-evangelism outreach. Many of these believers,


My Hope World Evangelism Television Project India

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eager to share their faith, did not wait for the

My Hope broadcasts to tell their loved ones and

neighbors about Christ.

One small church in Mexico City grew by almost

one-third, weeks before the broadcasts even began.

The church, having limited resources, tore down the

back wall of their sanctuary to accommodate the

overflow crowd.

By God’s grace, our team was able to buy airtime

on one of Mexico’s most powerful TV networks. One

My Hope host marveled, “I never thought that they’d

broadcast a national program like this. … We’ve never

had anything like this in Mexico before.”

More than 433,000 Mexicans responded to the

Gospel and committed their lives to Jesus Christ.

The My Hope-Philippines initiative grew out of the

Franklin Graham Metro Manila Festival in February as

Christian leaders across the island nation wanted to

see more of their countrymen come to Christ.

Just weeks before the telecasts, two powerful

typhoons hit the central Philippines, killing hundreds,

destroying electrical grids, and demolishing

thousands of houses. One pastor in a region

devastated by the final typhoon showed a My Hope

video on CD (VCD) in public settings because he had

access to only one generator. Over 70 people made

decisions for Christ in one evening.

But God was faithful, and My Hope programs were

broadcast on more than 100 local stations, which

covered most of the nation. In addition, over 80,000

DVDs and VCDs were distributed to pastors prior to

the telecasts to ensure that people on every island

had an opportunity to hear the Gospel. Churches

across the nation recorded more than 528,000 total

decisions for Christ.

Following previous successful My Hope efforts in

India, BGEA decided to carry out a third outreach

at Christmas.

Through broadcasts in 11 languages on 69 networks,

My Hope programs saturated India’s airwaves with the

Good News of Jesus Christ for three days.

In some areas, participating Christians willingly

faced severe religious persecution for the joy of

seeing others find new life in Jesus, and extremists

burned several partner churches to the ground. Four

My Hope regional coordinators were beaten and

another shot to death because he refused to stop

teaching Christians how to win others to Christ. In

eastern and central India, pastors in remote villages

were beaten or killed by radicals.

God showed that His love and power are greater

than any rival, and in 2006, over 2.7 million Indian

people had made commitments to the One who gives

hope beyond the trials of this life.

Struggling through a difficult marriage,29-year-old Maricel had consideredtaking her children and leaving herhusband. Before she could, the coupleaccepted a neighbor’s invitation towatch one of our My Hope programs.That night’s broadcast across thePhilippines featured a story about awoman who finds strength in the midstof her adultery-torn marriage by turningto Jesus Christ. Maricel and herhusband, touched by Franklin Graham’smessage recorded at the Manila Festival,gave their hearts to the Savior—alongwith eight other guests. Within days,Maricel reported that her marriage wassaved and the family restored.

FACING THE SAVIOR

Mexico

“In his name the nations will put their hope.”—MATTHEW 12:21, NIV


COMFORT IN TIMES OF CRISISRAPID RESPONSE TEAM AND WORLD EMERGENCY FUND


RAPID RESPONSE TEAM

The Rapid Response Team was formed after the

terrorist attacks of 9/11 to offer the compassion of

Jesus Christ during times of crisis or natural disaster.

Volunteer chaplains with the Rapid Response Team

comfort and pray with victims, local pastors, and first-

responders (firefighters, police, National Guard, etc).

Last year 1,776 chaplains from 37 states were

deployed to the Gulf Coast in our continuing ministry

to the region after Hurricane Katrina, and they

prayed with 44,130 people. Between August 12 and

September 18, BGEA sent 97 chaplains to

Binghamton, New York, after the region suffered the

worst flooding in nearly 30 years, and they ministered

to 507 people. In total, more than 2,600 people made

life-changing decisions to follow Jesus Christ after

speaking with Rapid Response Team chaplains.

WORLD EMERGENCY FUND

Established in 1973, the World Emergency Fund has

shared the compassion of Christ through physical and

spiritual relief with multitudes around the world in the

midst of crisis. During 2006, the World Emergency

Fund continued to minister to people in areas ravaged

by the 2004 tsunami in South Asia and by hurricanes

along the Gulf Coast.

BGEA’s work to rebuild a fishing village in India,

newly named the Village of Hope, is nearing

completion, and many homes that were damaged or

destroyed by the tsunami have been rebuilt. Hundreds

of patients from nearby villages were treated in the

medical clinic, and children from miles around were

educated in the village school. This previously

underdeveloped area is now thriving with residents

who are grateful for their new community.

Amar was at church when the SouthAsian tsunami hit his village onDecember 26, 2004. Though he usedto worship other gods, 19 years agoAmar came to faith in Christ, and hislife was changed forever. As the firstChristians in his village, Amar’s familyfaced persecution from their neighbors,but after the devastating tsunami andBGEA’s work to rebuild his village, manyhearts are now open to the Gospelmessage. “It is the Christians who arereaching out to our needs, and we tell[the other villagers] it is because of thelove of Christ,” Amar says. The numberof Christians in the village has grownsteadily, and approximately 50 familiesnow have the peace that comes fromknowing Christ.

Rapid Response Team Plaquemines Parish, Louisiana

FACING THE SAVIOR



TRAINING MINISTRIESDARE TO BE A DANIEL

In 2006, we launched our youth

evangelism training ministry, Dare to Be

a Daniel, to help equip youth to stand for

Christ and share their faith with others.

Based on the life of Daniel in the Old

Testament, the program encourages

students to obey God, pray and study His

Word, pick godly friends, and point

others to Jesus.

Dare to Be a Daniel consists of a youth-

oriented Web site—daretobeadaniel.com—

and a printed booklet with a CD-ROM.

More than 223,000 booklets and CD-

ROMs were ordered, and thousands of

youth completed the program.

Daretobeadaniel.com offers students exclusive,

members-only resources, including spiritually

encouraging videos, articles, and an online message

board. Since its launch in May, more than 5,600

individuals have registered, and people have visited

the site over 158,000 times.

Last July, 75 youth from states across the nation,

including Florida, Alaska, and California, traveled to

The Cove for Camp Daniel. The campers—all graduates

of Dare to Be a Daniel—participated in intensive

evangelism training, while enjoying typical summer

camp activities such as hiking and horseback riding.

Our ministry team also began work on an exciting

and relevant 13-session group curriculum. Utilizing a

number of different media, the finished course will

include a leader’s guide and student field manuals,

as well as a DVD featuring video vignettes for each

session and a CD-ROM containing handouts and

other reproducible items for course leaders. The

Dare to Be a Daniel group training resource will be

ready for use in early 2007.

“What’s that?” 13-year-old Brian’sfriend asked. Brian explained thedog tags he received aftercompleting BGEA’s Dare to Be aDaniel youth evangelism training.Walking his friend through the eye-catching witnessing tool, Brian readout loud, “God loves you,” “Sinseparates you from God,” “Jesus isthe Way.” Using the dog tags, Brianwas able to share the Gospel withhis friend. When he shared the tagcontaining a prayer to accept Christ,his friend did not hesitate andaccepted Jesus into his heart.

Dare to Be a Daniel

FACING THE SAVIOR


TRAINING MINISTRIESTHE BILLY GRAHAM TRAINING CENTER, CHRISTIAN LIFE

& WITNESS COURSE, AND SCHOOLS OF EVANGELISM

THE BILLY GRAHAM TRAINING CENTER AT THE COVE

Long before the Billy Graham Training Center at The

Cove was built on 1,500 acres of mountainside near

Asheville, North Carolina, Billy and Ruth Graham laid

the foundation with prayer. They asked God for a

retreat where believers could be trained in His Word to

win others to Christ.

Their prayers continue to be answered today as

guests come from around the world to hear premier

Christian speakers, worship and fellowship with other

believers, and be refreshed by God in the splendor of

His creation.

In 2006, over 21,000 guests attended life-changing

seminars and other group ministry opportunities at

The Cove, and more than 800 made commitments to

Jesus Christ.

COUNSELING AND FOLLOW-UP

Our Counseling and Follow-Up ministry trained nearly

50,000 individuals for personal evangelism through

our Christian Life and Witness Course (CLWC) in 2006,

and during the course, over 4,500 made commitments

to Christ. An integral part of any Crusade outreach,

over 23,900 of these CLWC graduates served as

volunteer counselors during Franklin Graham Festivals,

Will Graham Celebrations, and other events, and they

helped lead 58,667 individuals in making personal

decisions for Jesus Christ.

BILLY GRAHAM SCHOOLS OF EVANGELISM

Through intensive conference-style training,

Billy Graham Schools of Evangelism equip pastors,

church leaders, and their spouses to lead congregations

in reaching their communities for Jesus Christ.

More than 15,000 people attended Schools of

Evangelism and similar training sessions in the U.S.,

Canada, Ecuador, Panama, Paraguay, and Ukraine last

year. One Ukrainian attendee said, “Everything we

have heard here will serve for the revival in our

personal life and our churches.”

During a seminar at The Cove, Carolineand her husband went to a trainingsession on sharing their faith. Caroline’sthoughts turned to her mother, who hadlong been resistant to the Gospel, andshe felt a strong conviction to share thetract she had just received with hermother. When the couple arrived home,Caroline began to read through thebooklet with her mother. Before shecould finish, her mother was in tears.Within an hour of returning home fromtheir retreat at The Cove, Caroline hadled her mother to the Lord Jesus Christ.


Counseling and Follow-Up

FACING THE SAVIOR



TELEVISION

Last year we aired seven prime-time television specials on broadcast

network affiliates or Christian cable networks across the U.S. and Canada.

Our 2006 programs featured messages from Billy and Franklin Graham,

musical performances, and powerful testimonies. These programs reached

into an estimated 9.9 million homes with the life-changing news of Jesus

Christ. Thousands more heard the

Gospel through weekly broadcasts

of classic Billy Graham Crusades

on TBN. After watching BGEA programs, more than 26,000 people called

our phone centers to make decisions for Jesus Christ and pray with

operators who are trained much like counselors at BGEA Crusades. Over

130,200 requested the free Gospel book offered during the TV special.

RADIO

Using radio, the Internet, and satellite (Sirius and Sky Angel), our radio

outreaches The Hour of Decision—now in its 57th year—and Decision Minute

boldly proclaim the Good News of Christ in six languages to a potential

audience of over 80 percent of the earth’s population. To reach out to

people in Asia and Africa, we translated and broadcast programs in Farsi,

Mandarin, and West African French.

BGEA’s listener-supported ministry, Blue Ridge Broadcasting (BRB),

operates four stations, including 106.9 the Light WMIT, 1010 WFGW, and

WFGW.org. Last year BRB celebrated its 44th year of ministry, and we

launched LaLuzDeCristo.org, an Internet outreach to the Latino community.

INTERNATIONAL FILM MINISTRY

BGEA’s evangelistic films are being used in dozens of countries to share

the Good News of Christ, and during 2006, we expanded our

international distribution of these evangelistic movies into Germany,

Cambodia, Mexico, Nigeria, and the Netherlands.

Last year, films were broadcast on TV in Guatemala, South Korea, and

a number of countries in Europe and Africa. Several movies aired the

message of Jesus Christ to the Middle East, reaching Egypt, Jordan,

Syria, Lebanon, and Turkey. We know of at least 35,110 decisions for

Christ recorded around the world through this film ministry in 2006, but

only God knows the full harvest of these seeds sown for the Gospel.

A 21-year-old called inafter a BGEA telecastand shared that both ofhis parents wereatheists and he hadnever been in a churchor read a Bible. After alawn-mower accidentthree weeks prior, hehad lost half of his footand was battling withsevere depression.After flipping throughchannels, he stoppedon a telecast from Billy Graham’s 1971Chicago Crusade andwas moved to pray.That evening the youngman accepted Christinto his heart andacknowledged Him asLord and Savior.

Television Broadcasts

MEDIA EVANGELISMRADIO, TELEVISION, AND FILM

FACING THE SAVIOR


DECISION MAGAZINE

For 47 years, Decision magazine has been

proclaiming Good News in print and helping readers

grow in their faith. During 2006, BGEA produced

more than 6.7 million copies of Decision, and it was

distributed in 97 countries in three languages. In

partnership with prison chaplains around the nation,

over 280,000 copies of the magazine took the Good

News to men and women behind bars. Decision

remains one of the few Christian magazines regularly

published for the blind or visually impaired, and last

year we produced over 4,500 issues in Braille and

more than 6,500 on audiotape.

CHRISTIAN GUIDANCE

BGEA’s Christian Guidance department provides

biblical study resources for everyday living, to assist

those who write in for help on overcoming daily

struggles. God blessed the department with the

opportunity to respond to 149,000 inquiries during

2006, and by God’s grace, 2,400 people made

decisions for Christ.

RESPONSE CENTER

BGEA’s toll-free Response Center is our 24-hour, 7-day

ministry to callers requesting prayer, free Gospel

materials, or help in committing their lives to Christ.

Our representatives experienced our busiest year ever,

answering more than 674,000 calls.

GRASON

Grason, the literature ministry of BGEA, continued to

offer spiritually encouraging books, movies, and

evangelism tools to thousands of people in 2006.

During the Celebration of Hope in New Orleans,

Grason helped rebuild New Orleans pastors’ libraries

with over 50,000 products.

INTERNET

God continues to use the round-the-clock outreach of

BGEA Web sites “to seek and save the lost,” and more

than 6,700 people came to faith in Jesus Christ online

in 2006. Thousands of others—Christians and seekers

alike—sought direction and encouragement in the

extensive spiritual help sections of our sites.

Resources including articles, audio and video clips, and

answers from Billy Graham provide biblical responses

to hundreds of questions.

A young woman grew up watchingBilly Graham on TV and longed fora relationship with God. After yearsof searching, she again felt Godpulling at her heart. She was waryof visiting a church, and God drewher to the BGEA Web site.Encouraged to learn more, shesoon began attending a churchclose to her home. Six weeks later,the woman came to faith in JesusChrist. “I am not sure that I wouldever have made that step if … yourorganization did not have this Website,” she wrote.

MEDIA EVANGELISMDECISION MAGAZINE, INTERNET, LITERATURE,

CALL CENTER, AND CHRISTIAN GUIDANCE

FACING THE SAVIOR


Internet



MILITARY MINISTRYOPERATION BLESS OUR TROOPS, TRAINING,

AND LIVE EVENTS

OPERATION BLESS OUR TROOPS

Operation Bless Our Troops sends a message of

encouragement and hope in Jesus Christ to U.S.

servicemembers through multimedia packets. Each

kit includes a CD featuring worship songs, the

Billy Graham film Last Flight Out on DVD, and simple

steps for beginning a walk with the Prince of Peace.

By the end of 2006, over 16,900 packages were sent

to U.S. troops around the world at the request of

family and friends. Many more were distributed by

military chaplains, in addition to books and other

materials provided by BGEA.

One sergeant told us, “The music strengthened and

kept me in His grace and mercy throughout my days

here in Iraq. Thank you.” Another soldier said the

package helped her deal with being far from home,

because it reminded her that “God is always there.”

When another servicemember was asked if he shared

the package with other soldiers, he replied, “Yes. They

love free stuff, which opens the door for evangelism.”

WEST POINT TRAINING CONFERENCE AT THE COVE

In November, over 100 West Point officers and their

spouses attended the West Point Training Conference

at The Cove. The three-day event provided a much-

needed physical and spiritual retreat as these guests

of honor experienced fellowship, worship, and

teaching that equipped them to more effectively

share the love of Jesus Christ with those they

encounter in their military calling.

LIVE EVENTS

On Easter morning Franklin Graham brought Good

News to injured soldiers, their families, and medical

staff at the Walter Reed Army Medical Center in

Washington, D.C. In conjunction with Franklin’s

Okinawa Festival in November, BGEA hosted a

luncheon for 1,100 Marines at Camp Hansen, to honor

and thank these brave men and women for their

service to our country. Personnel were given a packet

of materials containing an Operation Bless Our Troops

DVD and CD, a copy of Billy Graham’s book Peace with

God, and other Gospel literature.

On Christmas Day, an officerwho attended our militaryseminar at The Cove gave hiswife a gift she had long prayedfor—the news of his faith inJesus Christ. The Gospelmessage he heard at theconference stirred his heart, anddays after the retreat, he soughtout his chaplain with questions.He found answers and prayed tobegin a new life in Christ. Thosearound him noticed the changesin his life, and he began invitingfriends and colleagues toSunday services so that theytoo might meet the Savior.

Live Events

FACING THE SAVIOR


THE BILLY GRAHAM LIBRARYAN ONGOING CRUSADE

CONSTRUCTION

The majority of construction on the Billy Graham

Library took place in 2006, and it will open to the

public in June 2007. The 40,000-square-foot facility

began to take shape as 10 exhibits and four galleries

were constructed, each examining a different facet of

Mr. Graham’s life and ministry. The Graham family

homeplace was replicated with as many original pieces

as possible, and it will give visitors a glimpse into the

evangelist’s family life in the 1920s and 1930s.

THE LOOK

The Library’s farm setting emphasizes Billy Graham’s

humble beginnings. Visitors must enter the barn

through doors at the base of a 40-foot glass cross,

symbolizing the message of Christ that the beloved

evangelist has preached for over 60 years.

The lobby will include a bookstore called Ruth’s

Attic—named for Billy Graham’s wife, Ruth Bell

Graham—and will include books by the Graham family,

Christian classics, Bibles, custom gift items, BGEA films,

and DVDs of classic Billy Graham Crusades. Bookstore

resources will be carefully selected to ensure that they

help visitors grow in their walk with God.

AN ONGOING CRUSADE

Upon entering the core experience of the Library,

visitors will see multimedia presentations and state-of-

the-art exhibits, plus artifacts and photographs, as

they explore the man, the ministry, the

message, and the mission of Billy Graham.

The experience illustrates the mighty things

God can do through a single life that is

yielded to Him.

It is estimated that 200,000 visitors will

tour the Library each year, and everyone will

hear the Gospel of Jesus Christ numerous

times during the visit. Guests will have the

opportunity to make a decision for Christ at

the conclusion of the tour. With God’s

blessing, the Billy Graham Library will truly be

an ongoing Crusade for generations to come.


The Billy Graham Library

“It is my prayer that thiscenter will be a testimony tothe world of the amazing loveof God and the great thingsHe can do through lives thatare surrendered to Him.”

—FRANKLIN GRAHAM

J. Frank Harrison, IIIChairman & Chief ExecutiveOfficerCoca-Cola Bottling Co.ConsolidatedCharlotte, North CarolinaElected 2002

Herbert P. Hess ▲ ●President & Chief ExecutiveOfficerNorth AmericanManagement Corp.Boston, MassachusettsElected 1979

Graeme M. Keith ▲ChairmanThe Keith CorporationCharlotte, North CarolinaElected 1990

Greg LaurieSenior PastorHarvest ChristianFellowshipRiverside, CaliforniaElected 1994

Anne Graham LotzPresidentAnGeL MinistriesRaleigh, North CarolinaElected 1994

Denton LotzGeneral SecretaryBaptist World AllianceMcLean, VirginiaElected 1999

Hon. Stephen E. Merrill ●Former Governor of New HampshireAttorney, PresidentBingham Consulting Groupat Bingham McCutchen LLPBoston, MassachusettsElected 1997

Charles O. Morgan, Jr.▲ ●AttorneyMiami, FloridaElected 1983

William B. Pauls ▲Chairman The Pauls CorporationEnglewood, Colorado

Elected 1997

C. William Pollard ▲ ●Chairman EmeritusThe ServiceMaster CompanyDowners Grove, IllinoisElected 1986

▲ Executive Committee

● Audit Review Committee

Ruth ShanahanPresidentCrowley ShanahanFoundationDallas, TexasElected 1992

Joseph M. Stowell, III ▲Former PresidentMoody Bible InstituteChicago, IllinoisTeaching PastorHarvest Bible ChapelRolling Meadows, IllinoisElected 1999

Clifford B. BarrowsElected 1950Emeritus 2000

George F. Bennett Elected 1973Emeritus 1999

Wallace E. BergElected 1973Emeritus 1997

David L. BurnhamElected 1985Emeritus 1998

Allan C. Emery, Jr.Elected 1967Emeritus 1999

Michael E. HaynesElected 1987Emeritus 2002

Arthur P. JohnstonElected 1983Emeritus 1997

C. Howard Kast Elected 1987Emeritus 1999

Guy A. Martin Elected 1967Emeritus 1999

Harold E. MartinElected 1978Emeritus 1998

William B. Walton, Sr.Elected 1978Emeritus 1997

George E. Battle, Jr.BishopAME Zion ChurchDavidson, North CarolinaElected 2003

David P. BruceExecutive Assistant to Billy GrahamMontreat, North CarolinaElected 2002

Richard G. Capen, Jr.Former U.S. Ambassador to SpainCorporate Director & AuthorRancho Santa Fe, CaliforniaElected 1990

Melvin L. Cheatham ▲Clinical Professor ofNeurosurgeryUCLA Medical CenterVentura, CaliforniaElected 1997

Marjorie GieserFreelance Artist/SculptorWheaton, IllinoisElected 1992

Billy GrahamEvangelist & ChairmanBilly Graham EvangelisticAssociationMontreat, North CarolinaElected 1950

Melvin F. Graham ▲President & OwnerGraham EnterprisesCharlotte, North CarolinaElected 2001

Wm. Franklin Graham, III ▲First Vice Chairman, President &Chief Executive OfficerBilly Graham Evangelistic AssociationPresident & Chief Executive OfficerSamaritan’s Purse—U.S.A.Boone, North CarolinaElected 1979

Wm. Franklin Graham, IVAssistant DirectorBilly Graham Training CenterAsheville, North CarolinaElected 2005

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6BOARD MEMBERS EMERITI

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OUR FINANCIAL COMMITMENTTO YOU

• We subscribe to a written statement of faith

clearly affirming our commitment to the

evangelical Christian doctrine. Advancing the

Gospel of Jesus Christ is the singular

objective of our financial conduct.

• We are governed by a Board of Directors, the

majority of whom are not staff members or

their relatives. Our full Board meets at least

two times annually to establish policies, set

budgets, oversee operations, and review

ministry accomplishments.

• Our financial statements are prepared in

accordance with generally accepted

accounting principles. We obtain an annual

audit in accordance with generally accepted

auditing standards by an independent public

accounting firm, Ernst & Young LLP.

• Our Board appoints an audit committee, none

of whom are staff members or their relatives,

to review the annual audit and report its

findings to the Board.

• We seek to conduct our activities with the

highest standards of integrity and to avoid

conflicts of interest. Because we believe that

it is God’s place to prompt a response to our

fund-raising appeals, we shun high-pressure or

manipulative fund-raising tactics.

• Our fund-raising appeals clearly identify the

purpose and programs to which donations will

be applied, and we ensure that donations are

used for the purposes for which they were

raised. Occasionally, we receive more

contributions for a given project than can be

wisely applied to that project. When that

happens, we use these funds to meet a similar

pressing need. Our policy is to meet the needs

God lays before us, so that Christ is lifted up

and the Gospel advanced.

• Contributions to the ministry are tax-

deductible to the full extent allowed by law.

• We will not operate this ministry with

indebtedness that dishonors the cause of

Christ and hinders the work of the Gospel.

BOARD COMMITTEE CHAIRPERSONS

C. William Pollard

Executive Committee

Charles O. Morgan, Jr.

Audit Review Committee

William B. Pauls

Building Committee

C. William Pollard

Corporate Compensation

Committee

William B. Pauls

Finance Committee

Sterling W. Huston

Graham Center Liaison

Committee

Richard G. Capen, Jr.

Insurance Committee

OFFICERS

Billy Graham

Chairman

Wm. Franklin Graham, III

First Vice Chairman

Clifford B. Barrows

Vice Chairman

C. William Pollard

Chairman of Executive

Committee

Joel B. Aarsvold

Secretary

Graeme M. Keith

Treasurer

Herbert P. Hess

Investment Committee

Billy Graham

Nominating Committee

Herbert P. Hess

Pension & Personnel

Committee

Paul T. Saber ▲President and Chief Executive OfficerManna Development GroupEncitas, CaliforniaElected 2006

3344 2 0 0 6 A N N U A L R E P O R T B I L LY G R A H A M E VA N G E L I S T I C A S S O C I AT I O N

The Billy Graham Evangelistic Associationexists to support and extend the evangelistic calling and ministries

of Billy Graham and Franklin Graham by proclaiming the Gospel of the

Lord Jesus Christ to all we can by every effective means available to us

and by equipping others to do the same.

The Billy Graham Evangelistic Associationbelieves the Bible to be the infallible Word of God, that it is His

holy and inspired Word, and that it is of supreme and final authority • In

one God, eternally existing in three persons—Father, Son, and Holy Spirit

• Jesus Christ was conceived by the Holy Spirit, born of the Virgin Mary

• He led a sinless life, took on Himself all our sins, died and rose again,

and is seated at the right hand of the Father as our mediator and

advocate • That all men everywhere are lost and face the judgment of

God, and need to come to a saving knowledge of Jesus Christ through

His shed blood on the cross • That Christ rose from the dead and is

coming soon • In holy Christian living, and that we must have concern

for the hurts and social needs of our fellowmen • We must dedicate

ourselves anew to the service of our Lord and to His authority over our

lives • In using every modern means of communication available to us

to spread the Gospel of Jesus Christ throughout the world


2006 REPORT OF INDEPENDENT AUDITORSBILLY GRAHAM EVANGELISTIC ASSOCIATION AND AFFILIATED ORGANIZATIONS


B I L L Y G R A H A M E V A N G E L I S T I C A S S O C I A T I O N A N D A F F I L I A T E D O R G A N I Z A T I O N S

Report of Independent Auditors

THE BOARD OF DIRECTORSBILLY GRAHAM EVANGELISTIC ASSOCIATION

We have audited the accompanying consolidated statement of financial position of Billy Graham Evangelistic

Association and Affiliated Organizations (collectively referred to as the Organization) as of December 31, 2006 and

the related consolidated statements of activities and cash flows for the year then ended. These financial statements

are the responsibility of the Organization’s management. Our responsibility is to express an opinion on these

financial statements based on our audit. The prior year summarized comparative information has been derived from

the Organization’s 2005 financial statements and, in our report dated March 3, 2006, we expressed an unqualified

opinion on those financial statements.

We conducted our audit in accordance with auditing standards generally accepted in the United States. Those

standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial

statements are free of material misstatement. We were not engaged to perform an audit of the Organization’s

internal control over financial reporting. Our audit included consideration of internal control over financial reporting

as a basis for designing audit procedures that are appropriate in the circumstances, but not for the purpose of

expressing an opinion on the effectiveness of the Organization’s internal control over financial reporting.

Accordingly, we express no such opinion. An audit also includes examining, on a test basis, evidence supporting the

amounts and disclosures in the financial statements, assessing the accounting principles used and significant

estimates made by management, and evaluating the overall financial statement presentation. We believe that our

audit provides a reasonable basis for our opinion.

In our opinion, the financial statements referred to in the first paragraph present fairly, in all material respects, the

consolidated financial position of Billy Graham Evangelistic Association and Affiliated Organizations as of December 31,

2006 and the consolidated changes in its net assets and its cash flows for the year then ended, in conformity with

United States generally accepted accounting principles.

Charlotte, North Carolina

March 14, 2007

ASSETS

Assets available for current ministries:

Cash and cash equivalents $ 19,998,582 $ 21,093,224

Accounts receivable, net 2,064,957 1,835,476

Pledges receivable, net 2,730,053 2,995,254

Inventories of books, supplies, and materials 811,613 1,071,354

Prepaid expenses and other short-term assets 461,933 558,178

26,067,138 27,553,486

Other assets 2,940,000 137,334

Property and equipment used in present ministries,

at cost less accumulated depreciation 94,891,101 84,418,463

Investments:

Investments functioning as endowments 161,230,559 164,875,702

Other long-term investments 254,046 1,741,689

Deferred giving program 94,422,568 91,947,941

255,907,173 258,565,332

Total assets $ 379,805,412 $ 370,674,615

LIABILITIES AND NET ASSETS

Liabilities:

Accounts payable $ 5,693,305 $ 6,479,366

Accrued expenses 2,559,076 2,544,140

Deferred revenue 1,285,593 1,443,660

Deferred giving program 74,208,952 74,592,049

Total liabilities 83,746,926 85,059,215

Net assets:

Unrestricted:

Designated by governing board 163,994,955 163,657,443

Represented by property and equipment 76,681,317 84,418,463

General 17,265,552 13,662,150

Total unrestricted net assets 257,941,824 261,738,056

Temporarily restricted 32,002,093 19,190,771

Permanently restricted 6,114,569 4,686,573

Total net assets 296,058,486 285,615,400

Total liabilities and net assets $ 379,805,412 $ 370,674,615

2006 2005

CONSOLIDATED STATEMENT OF FINANCIAL POSITION

As of December 31, 2006 and 2005

See accompanying notes.



Support and revenue:

Contributions $ 59,420,638 $ 19,827,525 $ – $ 79,248,163 $ 82,478,699

Proceeds from estates, annuities, and trusts 17,325,642 624,974 1,416,518 19,367,134 24,333,199

Billy Graham Training Center 4,792,704 – – 4,792,704 5,949,146

Decision magazine and other evangelistic materials 3,772,324 – – 3,772,324 4,672,944

Investment income 17,148,480 1,131,915 134,672 18,415,067 10,437,156

Change in value of annuities and trusts (1,713,023) (868,367) (123,194) (2,704,584) (3,135,661)

Other income 8,373,378 – – 8,373,378 7,301,001

Net assets released from restrictions 7,904,725 (7,904,725) – – –

Total support and revenue 117,024,868 12,811,322 1,427,996 131,264,186 132,036,484

Expenses:

Ministry expenses:

Evangelistic crusades and festivals 17,280,196 – – 17,280,196 23,230,943

Communications:

Radio, television, and films 26,037,355 – – 26,037,355 30,622,287

Decision magazine 3,479,900 – – 3,479,900 4,118,478

Communications – other 21,484,268 – – 21,484,268 25,348,257

Training ministry:

Billy Graham Training Center 10,068,495 – – 10,068,495 11,621,654

Training ministry – other 9,225,543 – – 9,225,543 6,965,373

International television and film ministry 13,989,458 – – 13,989,458 16,648,102

Library 500,501 – – 500,501 –

Other evangelistic ministry 3,370,093 – – 3,370,093 3,272,058

Total ministry expenses 105,435,809 – – 105,435,809 121,827,152

Support activities:

Fund-raising 3,148,142 – – 3,148,142 4,237,448

General and administrative 12,237,149 – – 12,237,149 11,927,561

Total expenses 120,821,100 – – 120,821,100 137,992,161

Change in net assets $ (3,796,232) $ 12,811,322 $ 1,427,996 $ 10,443,086 $ (5,955,677)

Net assets at beginning of year 261,738,056 19,190,771 4,686,573 285,615,400 291,571,077

Net assets at end of year $ 257,941,824 $ 32,002,093 $ 6,114,569 $ 296,058,486 $ 285,615,400

UNRESTRICTED

TEMPORARILYRESTRICTED

PERMANENTLYRESTRICTED TOTAL

2005TOTAL

2006

CONSOLIDATED STATEMENT OF ACTIVITIES

For the year ended December 31, 2006 (with Summarized Totals for 2005)

2006 EXPENSES

2006 REVENUE

Evangelistic crusades and festivals, 14.3%

Radio, television & films, 21.6%

Decision magazine, 2.9%

Communications – other, 17.8%

Billy Graham Training Center, 8.3%

Training ministry – other, 7.6%

International television & film ministry, 11.6%

Library, 0.4%

Other evangelistic ministry, 2.8%

Fund-raising, 2.6%

General and administrative, 10.1%

Contributions, 60.4%

Proceeds from estates, annuities & trusts, 14.8%

Billy Graham Training Center, 3.6%

Decision magazine & other evangelistic materials, 2.9%

Investment income, 14.0%

Other income & change in value of annuities & trusts, 4.3%




N O T E SB I L L Y G R A H A M E V A N G E L I S T I C A S S O C I A T I O N A N D A F F I L I A T E D O R G A N I Z A T I O N S

1. SIGNIFICANT ACCOUNTING POLICIES

Description of Ministry

The mission of the Billy Graham Evangelistic Association (the

Association) is to support and extend the evangelistic calling and

ministries of Billy Graham and Franklin Graham by proclaiming the

Gospel of the Lord Jesus Christ to all we can by every effective

means available to us and by equipping others to do the same.

Support is received primarily through contributions and deferred

giving programs.

Principles of Consolidation

The consolidated financial statements include the Association

and the following other affiliates: Blue Ridge Broadcasting

Corporation; Graham Fund for Evangelism; ICIE, Inc.; and ICIE-

Stichting. In accordance with SOP 94-3, management annually

evaluates which entities should be consolidated for financial

statement presentation purposes.

The affiliated organizations strengthen the ministries of the

Association and share the same goals and purposes. All significant

intercompany accounts and transactions have been eliminated.

The financial statements include certain summarized prior year

comparative information in total but not by net asset classification.

Such information does not include sufficient detail to constitute a

presentation in conformity with accounting principles generally

accepted in the United States. Accordingly, such information should

be read in conjunction with the Organization’s financial statements

for the year ended December 31, 2005, from which the summarized

information was derived.

Certain amounts in the December 31, 2005 consolidated

statement of activities have been reclassified to conform to current

year presentation. On the consolidated statement of activities,

certain expenses previously reported in Other Evangelical Ministry

Expenses have been reclassified to better reflect the specific

ministry nature of the expenditures.

Cash and Cash Equivalents

Cash and cash equivalents include highly liquid investments with a

maturity of three months or less. For the purposes of the Statement

of Cash Flows, cash and cash equivalents included in investments

functioning as endowment and investments in the deferred giving

program are not considered cash and cash equivalents.

Inventories

Inventories are stated at average cost.

Property and Equipment

Land is stated at cost. Buildings, improvements, and equipment

are stated at cost less accumulated depreciation. Depreciation of

buildings, improvements, and equipment is calculated using the

straight-line method over their estimated useful lives. Costs of new

facilities and improvements are capitalized, while maintenance and

repairs are charged to expense in the period incurred.

Investments

Investments in equity securities with readily determinable fair

values and all debt securities are recorded at fair value based upon

quoted market prices. Other investments (such as real property)

are reported at the lower of cost or fair value. Donated investments

without a readily determinable fair value are stated at a nominal

value. Investment income or loss (including gains and losses on

investments, interest, and dividends) is included in the change in

unrestricted net assets unless the income or loss is restricted by

the donor.

Investment income is recorded net of investment expenses. For

the years ended December 31, 2006 and 2005, investment expenses

were $692,259 and $767,654, respectively.

Realized gains or losses on investments are determined by

comparison of specific cost of acquisition to proceeds at the time of

disposal. Unrealized gains or losses are calculated by comparing

cost to market values at the statement of financial position date.

Deferred Giving Program

The Association has a fully funded program whereby deferred

gifts can be made through gift annuity and trust participation.

All gift annuity fund assets are held in trust by a bank and

managed by investment management companies. Various state

laws require that the Association maintain segregated accounts

with assets equal in amount to the actuarial reserve necessary to

pay the annuities plus an additional reserve. Some state laws also

establish specific investment regulations related to the manner in

which the assets are invested. Trust assets are held and managed

by the Association.

The Association records assets received in the deferred giving

program at their fair value and records the liabilities incurred. The

liability is recorded at the present value of payments to be made

under annuity and irrevocable trust agreements over the term of

the agreements, usually the beneficiaries’ life expectancy. For

annuities, the present value calculation used a 3.75% discount rate.

OPERATING ACTIVITIES

Change in net assets $ 10,443,086 $ (5,955,677)

Adjustments to reconcile change in net assets to net cash

provided by (used in) operating activities:

Depreciation and amortization expense 6,167,937 7,642,400

Realized (gains) on sale of investments (12,222,869) (6,895,449)

Unrealized losses on investments 1,016,744 2,651,118

Actuarial adjustment on annuity obligations 2,704,584 3,135,661

Donations of real estate and mortgage deeds receivable (49,294) (1,251,314)

Net (gains) on sale of fixed assets and donated real estate (3,986,557) (3,395,343)

Changes in operating assets and liabilities:

Decrease in receivables 95,720 836,838

Decrease in inventories, prepaid expenses,

and other short-term assets 355,986 307,131

(Decrease) in accounts payable, accrued expenses,

and deferred revenue (929,192) (6,569,458)

Net cash provided by (used in) operating activities 3,596,145 (9,494,093)

INVESTING ACTIVITIES

Maturities of investments 2,605,358 3,572,819

Net purchases and sales in investments functioning as endowments 13,189,550 16,446,397

Decrease in unamortized film costs and production costs – 184,681

Purchases of fixed assets (18,183,490) (10,726,924)

Net increase in deferred giving program assets (4,157,079) (5,543,558)

Proceeds from the sale of fixed assets and donated real estate 4,203,743 3,591,260

Net cash provided by (used in) investing activities (2,341,918) 7,524,675

FINANCING ACTIVITIES

Proceeds from deferred giving program contracts 2,496,721 3,411,425

Payments of deferred giving program contracts (4,845,590) (4,938,843)

Net cash used in financing activities (2,348,869) (1,527,418)

(Decrease) in cash and cash equivalents (1,094,642) (3,496,836)

Cash and cash equivalents at the beginning of the year 21,093,224 24,590,060

Cash and cash equivalents at the end of the year $ 19,998,582 $ 21,093,224

2006 2005

CONSOLIDATED STATEMENT OF CASH FLOWS

For the years ended December 31, 2006 and 2005

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

December 31, 2006



For trusts, the present value calculation used a discount rate of

4.702% in 2006 and 4.375% in 2005. Revaluations of expected

future payments to beneficiaries based on changes in life

expectancy are calculated using the Annuity 2000 mortality table

for annuities and the 90MT mortality table for trusts as well as

other actuarial assumptions and are recorded as a change in value

of annuities and trusts in the statement of activities. The

contribution portion is recognized as income at the time the

agreement is executed. Revocable trust agreements are recorded as

a liability until the agreement becomes irrevocable or the assets are

distributed, at which time the contribution revenue is recognized.

The Association is also named as a beneficiary in revocable trusts

and wills which are not managed by the Association. These assets

are not included in the consolidated statement of financial position,

as the Association’s share of these assets cannot be determined.

Deferred Revenue

The subscription price of Decision magazine is charged to

unearned subscriptions when received and is amortized to income

over an 11-month period.

Advertising Costs

The Association expenses advertising costs as incurred. For the

years ending December 31, 2006 and 2005, advertising costs

totaling approximately $12,757,000 and $15,620,000, respectively

primarily related to television airtime to promote airing of

evangelistic telecasts, evangelistic crusades and festivals, and free

offers for literature and materials.

Allocation of Joint Costs

Certain expenditures of the Association and affiliates (radio and

television, direct mail, and postage) relate to both ministry expenses

and support activities. The allocation of these joint costs is based on

estimates of the content, audience, and purpose of these expenditures.

Total joint costs and respective allocations are as follows:

Income Taxes

The Association and significant affiliated organizations are

exempt from federal income taxes, and contributions to them are

deductible as charitable contributions under Internal Revenue Code

Section 170. The Internal Revenue Service has issued determination

letters to the Association and exempt affiliated organizations stating

that they qualify for tax-exempt status under Internal Revenue Code

Section 501(c)(3). The Internal Revenue Service has also issued

rulings stating that they will not be treated as private foundations

within the meaning of Internal Revenue Code Sections 509(a)(1),

509(a)(2), and 509(a)(3), except foreign affiliates.

Net Asset Classifications

Permanently restricted net assets include contributions which

donors have specified must be maintained in perpetuity. The related

income may be expended for such purpose as specified by the

donor or, if none, then for any purpose of the Association.

Temporarily restricted net assets are comprised of funds which

are restricted by donors for specific purposes or time periods.

Unrestricted net assets represent funds which are fully available,

at the discretion of management and the Board of Directors, for the

Association to utilize in any of its programs or supporting services.

Temporarily Restricted Contributions

The Association records contributions as temporarily restricted if

they are received with donor stipulations that limit their use either

through purpose or time restrictions. When donor restrictions

expire, that is, when a time restriction ends or a purpose restriction

is fulfilled, temporarily restricted net assets are reclassified to

unrestricted net assets and reported in the statement of activities

as net assets released from restrictions.

During 2006, the Board of Directors established a policy that up

to 10 percent of all donor-restricted contributions for a specific

project may be used for administering the gift, if needed.

Use of Estimates

The preparation of financial statements in conformity

with accounting principles generally accepted in the United

States requires management to make estimates and

assumptions that affect the amounts reported in the

financial statements and accompanying notes. Actual

results could differ from those estimates.

Accounting for Long-Lived Assets

The Association records losses on long-lived assets used

in operations when indicators of impairment are present

and the undiscounted cash flows estimated to be

generated by those assets are less than the assets’

carrying amount.


2. PROPERTY AND EQUIPMENT

A summary of property and equipment and related accumulated depreciation

at December 31, 2006 and 2005 is as follows:

3. INVESTMENTS AND INVESTMENT INCOME

Investments are composed of the following:

Evangelistic crusades and festivals $ 912,179 $ 1,000,008

Radio, television, and films 23,258,574 26,668,737

Decision magazine 3,422,947 4,094,125

Communications – other 18,128,893 22,160,292

Billy Graham Training Center 144,581 146,308

Training ministry – other 1,229,788 1,214,819

International television and film ministry 555,420 513,568

Library 9,082 –

Other evangelistic ministry 740,962 1,708,450

Fund-raising 1,463,914 2,185,312

General and administrative 11,455,919 10,237,835

$ 61,322,259 $ 69,929,454

2006 2005

Land $ 15,885,698 $ 16,710,941

Buildings and improvements:

Billy Graham Training Center 29,502,504 31,783,921

Headquarters and other 38,320,103 38,278,529

Equipment, furniture, and fixtures 35,124,574 34,738,282

Total 118,832,879 121,511,673

Less accumulated depreciation 47,009,423 43,959,064

71,823,456 77,552,609

Construction in progress 23,067,645 6,865,854

Net property and equipment $ 94,891,101 $ 84,418,463

2006 2005

U.S. common stock $ 118,857,302 $ 120,610,143

Fixed income 101,230,612 95,629,478

Money market accounts 28,174,139 32,341,399

Real estate 6,787,932 9,028,856

Other 857,188 955,456

Total investments $ 255,907,173 $ 258,565,332

Investment income consists of:

Interest and dividends $ 7,208,942 $ 6,192,825

Realized gains 12,222,869 6,895,449

Unrealized (losses) (1,016,744) (2,651,118)

$ 18,415,067 $ 10,437,156

2006 2005

2006 2005



4. DEFERRED GIVING PROGRAM

The assets and liabilities in the deferred giving program are as follows:

Unrestricted net assets designated by governing board were as follows:

6. NET ASSETS

Unrestricted Net Assets Designated by Governing Board

The Association’s Board of Directors has designated a portion of

unrestricted net assets as funds functioning as endowment.

Separate net asset designations have been made for the

Billy Graham Training Center (The Cove Charitable Trust Fund), the

Graham Fund for Evangelism, the Billy Graham Library fund, and for

future ministries.

The purpose of The Cove Charitable Trust Fund is to receive, hold,

and invest assets in trust to be used for supporting, maintaining, and

improving the facilities and ministry at the Billy Graham Training

Center consistent with the evangelistic purposes of the Association.

The purpose of the Graham Fund for Evangelism is to receive,

hold, and invest assets in trust to be used for supporting,

maintaining, and improving the facilities and ministry at the Graham

Center at Wheaton College consistent with the evangelistic purposes

of the Association.

The purpose of the Billy Graham Library fund is to receive, hold,

and invest assets to produce income to support, maintain, and

improve the facility to be known as the Billy Graham Library located

in Charlotte, North Carolina consistent with the evangelistic

purposes of the Association.

The purpose of the future ministries fund is to receive, hold, and

invest assets in trust to be used for continuing and growing ministry

activities through special evangelistic projects such as the My Hope

television project. In addition, a portion of these funds is held to

provide for operating cash flow needs of the organization.

In 2006 and 2005, $10,672,888 and $17,414,287, respectively, was

transferred from the fund functioning as endowment for future

ministries to support various special projects, including the My Hope

television project. Also, $1,672,726 and $2,701,101 in 2006 and 2005,

respectively, was transferred from The Cove Charitable Trust Fund

to provide support for the Billy Graham Training Center property

maintenance, security, and capital improvements.

The Board reserves the right to change its designations or

expend the principal of any of these funds by future board action.

Permanently Restricted Net Assets

Permanently restricted net assets are held as follows:

The donor-designated contributions primarily represent funds

restricted for the Billy Graham Library and for the World Emergency

Fund. The irrevocable trusts are restricted by time for the

Association. Temporarily restricted net assets of $18,209,783 at

December 31, 2006, related to Billy Graham Library construction in

progress will be reclassified to unrestricted net assets when the

facility is placed in service during 2007.

7. RETIREMENT PLANS

The Association has a 401(k) retirement plan. Employer

contributions are 3% of each participant’s eligible salary with a

matching provision whereby the employer will match the

employee’s contributions up to an additional 3% of the

participant’s salary. The plan includes a provision whereby the

Board of Directors can approve additional contributions of up to

2%. The Association and its affiliates recorded expense of

$1,581,607 for the year ended December 31, 2006 and $1,673,954

for the year ended December 31, 2005.

In addition, the Association has deferred compensation plans for

which deferred compensation expense of $73,000 and $39,000 was

incurred for the years ended December 31, 2006 and 2005,

respectively. Deferred compensation liabilities of $121,554 and

$41,340 existed at December 31, 2006 and 2005, respectively.

Gift Annuity Fund $ 48,140,927 $ 38,748,119 $ 47,069,394 $ 38,860,574

Irrevocable Trusts 15,141,272 10,264,174 14,608,460 9,773,149

Endowment Fund 5,954,951 11,241 4,347,327 35,566

69,237,150 49,023,534 66,025,181 48,669,289

Revocable Trusts 25,185,418 25,185,418 25,922,760 25,922,760

Total $ 94,422,568 $ 74,208,952 $ 91,947,941 $ 74,592,049

ASSETS LIABIL ITY ASSETS LIABIL ITY

Cove Charitable Trust Fund $ 78,715,346 $ 76,560,776

Graham Fund for Evangelism 15,574,332 14,726,259

Billy Graham Library fund 22,045,298 18,085,352

Future ministries 47,659,979 54,285,056

$ 163,994,955 $ 163,657,443

2006 2005

Donor-designated contributions $ 27,051,131 $ 14,443,367

Annuity Fund 13,603 -

Term Endowment fund 187,786 12,593

Irrevocable trusts 4,749,573 4,734,811

$ 32,002,093 $ 19,190,771

2006 2005

Endowment fund $ 5,755,924 $ 4,299,168

Irrevocable trusts 127,524 100,500

Gift annuity 223,176 286,905

Library endowment 7,945 -

$ 6,114,569 $ 4,686,573

2006 2005

2006 2005

Temporarily Restricted Net Assets

Temporarily restricted net assets are available for the following purposes:

The gift annuity fund liability includes an actuarial reserve for the

annuity payments of $38,746,588 and $38,858,047 for 2006 and

2005, respectively.

The change in value of annuities and trusts presented on the

statement of activities consists of actuarial adjustments of

($2,704,584) and ($3,135,661) for 2006 and 2005, respectively.

5. SALE OF THE COVE CAMP PROPERTY

The Association sold two parcels of real property and personal

property, used for the Cove Camp operations, to a Florida non-profit

corporation. In connection with the sale, a promissory note of

$3,000,000 was issued. The note plus accrued interest at 5.5%

compounded annually is due in full at December 30, 2008. The note

receivable net of a 2% allowance for uncollectible accounts of

$60,000 is reported as Other Assets on the consolidated statement

of financial position. The note and accrued interest is secured by a

deed of trust in the property.



8. PLEDGES RECEIVABLE

The Association received commitments or pledges to support the

Billy Graham Library construction project. Unconditional promises to

give that are expected to be collected within one year are reported

at net realizable value. Those expected to be collected in more than

one year are reported at the net present value of their estimated

future cash flows. The discount on these amounts is computed using

a risk free interest rate at the date of the pledge. Amortization of

the discount is included in contribution revenue. Pledges receivable

consisted of the following:

Following is un-audited summary financial information for the International Affiliates which are controlled by independent boards of directors:

10. RELATED PARTY TRANSACTIONS

The Association partners with local organizations to host

domestic evangelistic crusades and festivals. In conjunction with

these activities, the Association received designated contributions

for these events totaling $565,423 and $2,240,940 in 2006 and

2005, respectively. As of December 31, 2006 and 2005, the

Association had accounts receivable totaling $339,441 and

$148,067, respectively from the local organizations. For the years

ending December 31, 2006 and 2005, the Association provided

funding to the local organizations totaling $1,817,122 and

$4,382,563, respectively.

The Association has entered into “Affiliate Ministry Agreements”

with Billy Graham Evangelistic Association of Australia, Billy Graham

Evangelistic Association of Canada, Billy Graham Evangelistic

Association, LTD., Vozrozhdeniye, and Geschenke der Hoffnung (the

International Affiliates) to further the global ministry of the

Billy Graham Evangelistic Association. The Association does not

control the board of directors of these organizations. In conjunction

with these activities, the Association received and forwarded

contributions totaling $20,000 and $15,000 in 2006 and 2005,

respectively, to the International Affiliates. For the years ending

December 31, 2006 and 2005, the International Affiliates

reimbursed the Association $1,453,209 and $704,552, respectively.

As of December 31, 2006 and 2005, the Association had accounts

receivable totaling $152,022 and $320,586, respectively from the

International Affiliates.

The Vice Chairman, President, and Chief Executive Officer of the

Association is the Chief Executive Officer of Samaritan’s Purse. To

gain efficiencies over administrative services supporting their

individual ministries, the Association and Samaritan’s Purse

entered into a shared services agreement to provide a meaningful

structure for regulating and overseeing the shared services and

expenses. In accordance with the provisions of the agreements, the

Association reimbursed Samaritan’s Purse $951,239 in 2006 and

$1,464,729 in 2005 and Samaritan’s Purse reimbursed the

Association $956,697 in 2006 and $1,251,681 in 2005. Accounts

receivable and accounts payable from Samaritan’s Purse are

$330,574 and $382,396, respectively as of December 31, 2006 and

$127,345 and $189,959 in 2005.

The Association received and forwarded contributions totaling

$216,687 in 2006 and $334,100 in 2005 to Samaritan’s Purse

designated for support of their ministry activities. Samaritan’s Purse

received and forwarded contributions totaling $289,429 in 2006

and $344,696 in 2005 to the Association designated for support of

the Association’s ministry activities.

During 2006, the Association received from Samaritan’s Purse

cash grants totaling $3,026,039 and in-kind contributions valued

at $688,068 for various ministry projects. In addition, the

Association and Samaritan’s Purse began a multi-year joint

ministry project in Southeast Asia for which the Association has

incurred expenses of $832,562 in 2006. Samaritan’s Purse also

reimbursed the Association $790,522 for expenses incurred on

behalf of Samaritan’s Purse.

Other evangelistic ministry includes contributions of $780,731 in

2006 and $845,700 in 2005 to Wheaton College and $97,500 in

2006 and $103,000 in 2005 to Gordon-Conwell Theological

Seminary. The Association shares several common board members

with these institutions but does not control the board of directors of

either organization. Cash contributions of $237,500 and $250,000

were given to AnGeL Ministries in 2006 and 2005, respectively. In

addition, an in-kind contribution valued at $8,779 was given in 2006

and $10,886 in 2005. The president of AnGeL Ministries is a board

member of the Association. Included in international ministries

expenditures are contributions of $190,050 in 2006 and $200,000

in 2005 to East Gates Ministries International for ministry in Asia.

The president of East Gates Ministries International is the brother of

the Chief Executive Officer.

During 2002, the Association entered into a contract with The

Keith Corporation, a real estate development company located in

Charlotte, to provide real estate development advisory services for

the construction of a new headquarters building. During 2005, this

agreement was amended to include construction of the Billy Graham

Library. Mr. Graeme M. Keith is a director of the Association and the

chairman of The Keith Corporation. Mr. Keith did not participate in

the Board approval of the agreement. The agreement with The Keith

Corporation stipulates that the Board of Directors of the Association

determine that any fees paid under the agreement are to be at or

below market rates. A review of the fees paid under the agreement

has been performed and it was determined that fees paid are at or

below market rates. The agreement further requires full disclosure

to the Board of Directors and determination at the conclusion of the

agreement of the reasonableness of profits, if any. A review of the

reasonableness of profits earned from construction of the

headquarters building was performed in 2005, and the Board of

Directors has concluded that The Keith Corporation did not earn a

profit on this phase of the agreement. A similar review will be

performed after construction of the Billy Graham Library is

completed. The Keith Corporation was paid $366,863 in 2006 and

$303,994 in 2005 in connection with the design and construction of

the headquarters and library buildings.

Unconditional promises to give before amortized

discount and allowance for uncollectible amounts $ 3,055,600 $ 3,370,500

Less unamortized discount 265,750 314,118

2,789,850 3,056,382

Less allowance for uncollectible pledges 59,797 61,128

Net pledges receivable $ 2,730,053 $ 2,995,254

Amounts due in:

Less than one year $ 1,447,818 $ 1,147,417

One to five years 1,307,782 1,823,083

Over five years 300,000 400,000

$ 3,055,600 $ 3,370,500

2006 2005

BGEA of Australia (in Australian $’s) $ 229,737 $ 44,878 $ 184,859 $ 171,716 $ 163,873

BGEA of Canada (in Canadian $’s) $ 11,280,370 $ 3,094,543 $ 8,185,827 $ 8,274,894 $ 7,744,636

BGEA LTD (in Pounds) £ 441,903 £ 24,613 £ 417,290 £ 348,395 £ 350,344

Vozrozhdeniye (in Rubles) руб 388,197 руб 15,610 руб 372,587 руб 6,661,399 руб 6,918,200

Geschenke der Hoffnung (in Euros) ¤ 2,404,067 ¤ 411,559 ¤ 1,992,508 ¤ 3,294,591 ¤ 3,304,545

TOTAL ASSETS

T0TALLIABIL IT IES

TOTALNET ASSETS

TOTAL REVENUE

TOTAL EXPENSES

AS OF DECEMBER 31 , 2006 ANDFOR THE YEAR THEN ENDED

9. SELF-INSURANCE PROGRAM

The Association maintains a self-insurance program for

hospitalization, medical, and dental coverage for its employees. The

Association limits its losses through the use of stop loss policies from

a re-insurer. Specific individual losses for claims were limited to

$75,000 for 2006 and 2005. At December 31, 2006 and 2005, the

estimated liability for these claims approximated $860,000 and

$855,000, respectively, and is included in accrued expenses.

BGEA is a charter member of the Evangelical Council

for Financial Accountability (ECFA).

Testimonies used throughout this report are actual comments and stories received by the Billy Graham Evangelistic Association.

Names have been changed to protect the privacy of individuals.

Scripture quotations marked NIV are taken from the Holy Bible, New International Version. ©1973, 1978, 1984 by International Bible Society. Used by permission of Zondervan Publishing House. All rights reserved. Scripture

quotations marked NKJV are taken from the New King James Version, ©1982 by Thomas Nelson, Inc. Used by permission. All rights reserved.

11. SCHEDULE OF FUNCTIONAL EXPENSES



Grants and scholarships $ 3,517,360 $ – $ – $ 3,517,360Salaries and wages 22,177,495 1,253,522 6,318,203 29,749,220Retirement 1,167,754 67,973 345,880 1,581,607Employee benefits 2,948,073 169,225 868,927 3,986,225Payroll taxes 1,680,531 97,494 476,801 2,254,826Accounting and audit fees 103,712 – 197,886 301,598Legal fees 73,077 34,412 77,559 185,048Professional services 1,115,170 39,468 204,006 1,358,644Contract labor 4,841,643 16,525 197,285 5,055,453Other personnel expenses 746,030 42,021 527,226 1,315,277Supplies 2,179,104 34,775 272,292 2,486,171Telephone 1,287,765 23,690 163,048 1,474,503Postage and shipping 9,153,798 451,136 168,019 9,772,953Utilities and occupancy 1,278,934 18,486 221,759 1,519,179Equipment rental and maintenance 1,020,006 7,316 357,780 1,385,102Printing 6,063,689 231,035 73,233 6,367,957Travel 5,946,287 147,769 366,186 6,460,242Advertising and promotion 12,440,603 187,300 129,148 12,757,051Free offers 1,293,265 86,486 22,203 1,401,954Broadcasting and production 13,067,838 58,418 86,733 13,212,989Other event costs 6,895,632 – 11,735 6,907,367Conferences, conventions, and meetings 197,759 49,759 39,554 287,072Interest expense 2,962 310 4,043 7,315Insurance 633,866 12,747 114,510 761,123Miscellaneous 453,445 7,898 85,584 546,927Depreciation and amortization 5,150,011 110,377 907,549 6,167,937

Total Operating Expenses $ 105,435,809 $ 3,148,142 $ 12,237,149 $ 120,821,100

Grants and scholarships $ 5,210,122 $ – $ – $ 5,210,122Salaries and wages 21,513,936 1,571,189 6,021,029 29,106,154Retirement 1,300,359 78,595 295,000 1,673,954Employee benefits 3,603,417 262,065 1,026,737 4,892,219Payroll taxes 1,484,918 110,345 600,583 2,195,846Accounting and audit fees 82,429 – 54,088 136,517Legal fees 56,802 19,269 48,840 124,911 Professional services 1,218,629 13,857 711,259 1,943,745 Contract labor 4,256,318 32,082 168,598 4,456,998Other personnel expenses 985,393 24,085 493,899 1,503,377Supplies 2,408,562 71,563 362,628 2,842,753Telephone 1,418,314 24,241 182,866 1,625,421 Postage and shipping 11,123,544 603,268 135,423 11,862,235 Utilities and occupancy 1,373,658 22,456 250,055 1,646,169Equipment rental and maintenance 893,121 10,538 318,447 1,222,106Printing 6,331,198 295,950 39,072 6,666,220 Travel 6,806,217 204,594 319,194 7,330,005Advertising and promotion 15,253,635 312,537 53,946 15,620,118Free offers 1,458,596 87,067 8,132 1,553,795Broadcasting and production 16,324,492 244,666 23,580 16,592,738 Other event costs 9,858,202 – – 9,858,202Conferences, conventions, and meetings 283,751 37,486 71,535 392,772Interest expense 6,898 78 87,677 94,653Insurance 774,282 18,807 59,421 852,510 Miscellaneous 768,084 15,117 163,020 946,221 Depreciation and amortization 7,032,275 177,593 432,532 7,642,400

Total Operating Expenses $ 121,827,152 $ 4,237,448 $ 11,927,561 $ 137,992,161

MINISTRYEXPENSES

FUND- RAIS ING

GENERAL ANDADMINISTRATIVE TOTAL

FOR YEAR ENDING DECEMBER 31 , 2006

MINISTRYEXPENSES

FUND- RAIS ING

GENERAL ANDADMINISTRATIVE TOTAL

FOR YEAR ENDING DECEMBER 31 , 2005

“We, who

with unveiled

faces all

reflect the

Lord’s glory,

are being

transformed

into his

likeness

with ever-

increasing

glory, which

comes from

the Lord.”

—2 CORINTHIANS 3:18, NIV

1 Billy Graham Parkway • Charlotte, NC 28201-0001 TELEPHONE: 704-401-2432 WEB SITE: billygraham.org

45161 4473 Printed in the U.S.A. ©2007 BGEA

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THIS IS THE BILLY GRAHAM EVANGELISTIC ASSOCIATION1 Billy Graham Parkway • Charlotte, NC 28201-0001 TELEPHONE: 704-401-2432 WEB SITE:billygraham.org 45161 4473 Printed in the U.S.A