What Is the Presbyterian Foundation
What is the Presbyterian Foundation?
The Presbyterian Foundation is a nonprofit corporation of the Presbyterian Church (U.S.A.). The Foundation was established by the General Assembly of 1795, which authorized the formation of a corporation for the purpose of encouraging voluntary participation in funding “for the cause of ministerial relief and other pious or charitable uses.” The Foundation was given the responsibility to obtain and administer funds for the spread of the gospel and the compassionate work of the church.
Today the Presbyterian Foundation holds the endowments, planned gifts, and mid- to long-term investments of the Presbyterian Church (U.S.A.), or PC(USA), and receives and administers gifts from individuals. In 2011, the Foundation received gifts and deposits of $23.1 million and distributed nearly $66 million in support of various mission projects.