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History Timeline

1799     Incorporated on March 28, 1799 as the Trustee of the General Assembly of the Presbyterian Church (U.S.A.)
 
1821     Oldest endowment created which still provides funds today for production and distribution of Christian literature.
 
1866     Split North/South - the establishment of the Presbyterian Foundation, Inc. (U.S.)
 
1953     United Presbyterian Foundation authorized by General Assembly to carry out a churchwide educational and interpretive program, to publicize the services it offers and to solicit deferred gifts and bequests for the immediate and future benefit of the Church
 
1971     United Presbyterian Foundation given legal and custodial responsibility by the 183rd General Assembly for all property, real and personal, of existing General Assembly agencies except the Board of Pensions
 
1973     The United Presbyterian Foundation designated by the General Assembly to facilitate the management of all corporate affairs of the United Presbyterian Church (U.S.A.) apart from the Board of Pensions
 
1983     The United Presbyterian Foundation takes action to payout on a "total return” basis called a spending formula, the unrestricted endowments of the General Assembly of the United Presbyterian Church (U.S.A.)
 
      Presbyterian Church in the United States and The United Presbyterian Church in the United States of America voted to reunite as the Presbyterian Church (U.S.A.)
 
1985     United Presbyterian Foundation in New York City is renamed the Presbyterian Church (U.S.A.) Foundation and begins acting as agent for the Presbyterian Foundation in Charlotte, North Carolina.
 
1987     The General Assembly authorized the Presbyterian Church (U.S.A.) Foundation on January 6, 1987 to act as the fiduciary corporation of the Presbyterian Church (U.S.A.) acting as agent for certain "constituent corporations,” including the Presbyterian Foundation of Charlotte. The Presbyterian Church (U.S.A.) Foundation "constituent corporations” and their respective states of incorporation are: The Presbyterian Foundation, Inc. (U.S.) - North Carolina, Board of Christian Education of the Presbyterian Church (U.S.A.)- Pennsylvania, The Board of Christian Education of the Presbyterian Church (U.S.A.) - New York, Board of Foreign Missions of the Presbyterian Church (U.S.A.) -Pennsylvania, Board of Home Missions of the Presbyterian Church (U.S.A.) - New York, Board of National Missions of the Presbyterian Church (U.S.A.) - New York, Commission on Ecumenical Mission and Relations of the Presbyterian Church (U.S.A.) - New York, The Presbyterian Board of Home Mission - New York, The Woman's Board of Foreign Missions of the Presbyterian Church (U.S.A.) - New York, and Woman's Board of Home Missions of the Presbyterian Church (U.S.A.) -New York.
 
1988     New Foundation building at 200 East Twelfth Street, Jeffersonville, Indiana, occupied on September 6
 
1993     Foundation surpasses $1 billion in assets
 
1994     Foundation takes action to payout most restricted endowments on a "total return” basis, called a spending formula, increasing income for mission by over $5 million per year
 
1995     Foundation registered with the SEC as an Investment Advisor
 
1996     Foundation applies to insurance and banking regulators to form an insurance and trust company subsidiary
 
1997     Gifts and deposits received exceeded $100 million for the first time in history
 
      Trust Company application approved
 
1998     New Covenant Trust Company, N.A. commences operations
 
1999     New Covenant Funds formed
 
2010     Strategic Plan emphasizes partnership, new giving tools
 
2011     Project ReGeneration launched to repurpose unused church assets for new mission
 
     
 
     
 
       
       
       
       
       
       
       
       
       
       
       
       

 

 

 

 

 

 

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