| Because of incorrect
information provided by the Presbyterian Foundation, a PNS story
on Jan. 22 (#04036) contained incorrect
information about the PC(USA)’s church-loan program.
It is not managed by the Presbyterian Foundation, but by the
General Assembly Council (GAC). The Presbyterian Investment and
Loan Program (PILP) manages the loan process under contract with
the GAC.
The story also incorrectly identified Jeff Uhling as the fund
administrator and an employee of General Assembly Corporation;
he actually works for the GAC. The story also said 47 loans were
made from the fund last year, it should have said 47 loans were
outstanding.
|
