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2013 ANNUAL REPORT
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Welcome
Welcome

WELCOME

As a vital part of the Presbyterian Church (U.S.A.), the Foundation is committed to strengthening congregations and other Church mission and ministry efforts by developing gifts and stewarding funds on their behalf, and working together to build communities of generosity among their members and constituents. The Presbyterian Foundation provides all Presbyterians an avenue to realize their philanthropic goals through a variety of giving options, while maintaining a strong focus on the Reformed values that guide our stewardship and investment.

Each year millions of dollars are distributed to Presbyterian-related ministries as determined by our donors. The Foundation takes pride in fulfilling its obligation and responsibility to ensure gifts are distributed and used as the donor intended. Our dedicated team of Ministry Relations Officers assist donors in determining ways to give that best meets their needs.

Please take a few minutes to look through the pages of this Annual Report for 2013.

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SUCCESSFUL LAUNCH 
FOR ONLINE GIVING
SUCCESSFUL LAUNCH 
FOR ONLINE GIVING

SUCCESSFUL LAUNCH
FOR ONLINE GIVING

The Foundation’s new Online Giving system, the Presbyterian Mission Exchange, served a rapidly growing group of donors and beneficiaries in 2013.

452 donors made 1,272 gifts totaling $876,840 to 129 congregations and ministries. The number of churches and ministry partners more than tripled over the course of the year, and continues to grow in 2014.

The Presbyterian Mission Exchange is both easy to implement and easy to use for congregations and their supporters alike. There are no set-up or monthly fees, and a ministry can be up and running in the system usually within one business day.

Recurring gifts have been a favorite feature, with donors setting up gifts to recur on a weekly or monthly basis. This provides smooth and predictable income for the ministry, even on weeks when the donor is not able to be in church to drop a gift in the offering plate.

To visit the Presbyterian Mission Exchange, click here

For Churches & Ministries
For Churches & MinistriesFor Churches & Ministries arrow
For Churches and Ministries
Through the Presbyterian Mission Exchange you can develop a culture of generosity within your congregation or enhance your existing stewardship program. The system comes with a suite of tools to help you easily manage the gifts made by your donors, make withdrawals at any time, and enjoy the convenience of online account access
For Donors
For DonorsFor Donors arrow
For Donors
The Presbyterian Mission Exchange allows you to easily make secure online gifts to your congregation and other favorite ministries. Set up recurring or one-time gifts using your debit or credit card, electronic funds transfer, or from your Presbyterian Foundation Donor-Advised Fund.

 

 

 

ENHANCED INVESTMENT OPTIONS

Photo: Erin Dunigan
ENHANCED INVESTMENT OPTIONS
Photo: Erin Dunigan

ENHANCED INVESTMENT OPTIONS

The Foundation's investments performed well in 2013 following the changes that took place the year before. The permanent endowment funds, advised by Cambridge Associates, were up 13% for 2013, matching their policy benchmark.

Over the course of the year, Cambridge continued its work to diversify the portfolio according to the Policy Statement adopted by the Foundation's Board of Trustees.

New Covenant Funds, managed by SEI, also benefitted from the stock market's 2013 rally. The New Covenant Growth Fund was up 27.55%, and the popular New Covenant Balanced Growth Fund was up 15%. The New Covenant Income Fund was down -1.63% for 2013. To see investment performance and learn more about New Covenant Funds, click here

New Covenant Trust Company, the Foundation's subsidiary national bank, added accounts under management totaling $12.8 million in 2013.

New Covenant Trust
New Covenant Trustmore info
New Covenant Trust Company
New Covenant Trust Company offers customized investment solutions for congregations, ministries, and individuals. A wholly-owned subsidiary of the Foundation, New Covenant Trust Company is a nationally chartered trust bank regulated by the Office of the Comptroller of the Currency.
New Covenant Funds
New Covenant Fundsmore info
New Covenant Funds
New Covenant Funds are a family of socially responsible mutual funds created and sponsored by the Foundation. Equity, Fixed Income, and Balanced Funds provide a variety of self-directed options for managing your own investments. Click here to learn more about New Covenant Funds.

Photo: Erin Dunigan
Endowment Funds
Endowment Fundsmore info
Presbyterian Endowment Funds
Presbyterian Endowment Funds are permanently held by the Foundation for the benefit of a congregation or ministry. Payments are made to beneficiaries according to a spending formula which seeks to provide a steady stream of income while growing the corpus of the fund to keep pace with inflation.

 

 

 

POSITIVE INVESTMENT IN PALESTINE

Photo: Erin Dunigan
POSITIVE INVESTMENT IN PALESTINE
Photo: Erin Dunigan

POSITIVE INVESTMENT IN PALESTINE

The Presbyterian Foundation developed a program for Transformational Investment in Palestinian West Bank in 2013.

Working with the Presbyterian Mission Agency, several congregations, and partners in the region, the Foundation identified three initial projects for investments which focus on economic development and sustainable job creation through peaceful pursuits. The program’s ultimate objective is to contribute to the growth of a viable Palestinian state at peace with Israel.

Nearly $1 million has been invested so far in two of the projects – a loan for the construction of new facilities at Dar al-Kalima University College in Bethlehem, and a microfinance facility with the National Bank in Ramallah. The microfinance program has already made nine loans totaling $122,000 to women-owned businesses, including a tailor shop, a hair salon, and a nursery school. Additional funds are ready to invest in a third project – a renewable energy installation at an agricultural research and training facility near Jericho – as soon as negotiations and legal details have been finalized.

To learn more about our Transformational Investing program, click here

Microfinance
Educationmore info
Education
Dar al-Kalima College is establishing a continuous education center in Bethlehem. This investment will enable Dar al-Kalima to construct training rooms, multiple lecture and workshop rooms, administrative offices, and two restaurants in order to provide arts education and training, especially in the area of culinary arts.
Renewable Energy
Microfinancemore info
Microfinance
This program will launch a microfinance initiative with The National Bank. Microfinance programs appear to be well suited for Palestine, where a small amount of capital can start a business or grow an existing one. Recent studies show that small investments play a major role in creating jobs and building infrastructure. This initiative focuses on women borrowers and on agricultural projects.

Photo: Erin Dunigan
Renewable Energymore info
Renewable Energy
This project invest funds for the installation of grid-connected, photovoltaic power facilities to support agricultural research, training and production facilities near Jericho. Developing solar power facilities will be instrumental in making consumer goods affordable, which in turn allows for creation of more jobs, and provision of more affordable goods to West Bank residents.

 

 

 

2013 BY THE NUMBERS
2013 BY THE NUMBERS

2013 BY THE NUMBERS

2013 BY THE NUMBERS graphic

2013 BY THE NUMBERS

42% Congregations

8% Presbyteries and Synods

33% Presbyterian Mission Agency and other GA entities

9% Education, including Theological Education

5% Health and Social Services Ministries

3% Other Mission and Discipleship

 

 

LOOKING AHEAD

Photo: Erin Dunigan

 

 

 

 

 

 

LOOKING AHEAD
Photo: Erin Dunigan

LOOKING AHEAD

What’s ahead for 2014? The Foundation will continue to serve the Church, as it has for 215 years, by helping to raise, steward, and distribute funds for ministry and mission.

Our field staff of Ministry Relations Officers will continue to build relationships with congregations and ministries, and their leaders and donors, to facilitate gifts and create cultures of generosity.

We will continue to improve and expand our online giving system, adding functionality for managing Donor-Advised Funds and enhancing peer-to-peer fundraising systems.

Our new Wills program called Live Forward, Give Forward will help pastors and church leaders learn to talk with their members about bequest giving – often the largest and most impactful gifts donors ever make.

Our new endowment management services will allow congregations and related church entities to access the same investment management services for their long-term investments that the Foundation’s permanent endowments receive. And we will continue to ask our donors and beneficiaries, our constituents throughout the Church, “How can we better serve you?”

To learn more about our efforts, click here to contact us.

Donor Advised Funds
Donor-Advised Fundsmore info
Donor-Advised Funds
With new online management capabilities and a range of new investment options, the Foundations’ Donor-Advised Funds are a fantastic way for individuals and families to manage their charitable giving.
Endowment Service
Endowment Servicemore info
Presbyterian Endowment Service
The Foundation and its investment advisor Cambridge Associates offer a diversified, long-term investment option for congregations and related church entities.
Wills Program
Wills Programmore info
Wills Program
“Live Forward, Give Forward” provides new resources and guidance for congregations on talking to members about wills, bequests, and their ultimate giving plans.

Photo: Erin Dunigan





 

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