We work hard to strengthen congregations and related mission and ministry efforts by developing gifts and managing funds on their behalf. We work with them to build communities of generosity among their members and constituents. And we provide all Presbyterians an avenue to realize their philanthropic goals through a variety of giving and investment options. In all our work, we remain focused on the Reformed values that have guided our stewardship and investment for more than 200 years.
History – Presbyterian visionaries determined in 1799 that an entity was needed to safeguard the long-term financial interest of the Presbyterian Church.
A Partner in Funding Mission since 17991799 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
2012 Moves to an Outsourced Chief Investment Officer model, freeing Foundation staff to focus on development. Presbyterian Mission Exchange launches to provide electronic and online giving services for congregations and other ministries.
2013 Launches series of Transformational Investments in Israel-Palestine.
2015 Offers “Planned Giving Navigator” online campaign management system to congregations and ministry organizations.
2017 New Covenant Trust Company reaches $200 million in assets under management.
Leadership – The Foundation’s senior staff and Trustees provide leadership through their experience and knowledge and are driven by their faith values. MEET THE LEADERS.
Work for the Foundation – The Presbyterian Foundation is a great place to work. VIEW JOB OPENINGS.