“For more than 200 years, the Foundation has been a vital partner in the Denomination, raising funds to provide for the on-going mission and ministry of the Church. Our role was established with great wisdom by the General Assembly in 1799 and it is one we take very seriously,” Leech stated.
“The Synod of the Southwest’s thoughtful decision to withdraw Overture-85 will allow the Foundation to continue to balance its dedication to growing the financial resources of the Church over the long term with the growing needs of the Denomination to address ever-increasing mission and ministry needs around the world,” he added.
Testament to the power and generosity of giving by Presbyterians with accumulated resources and the Foundation’s professional management thereof, the Foundation has been able to make available more than $381 million for the mission and ministry of the Church over the past five years. A vital part of the Presbyterian Church (U.S.A.), the Foundation’s role is to be steward of the financial resources of the Church, serving as fiduciary with the responsibility to provide professional investment and management of assets over the long term. In its original form, Overture-85 proposed to grant the GAC authority to invest middle and long-term assets with financial institutions other than the Presbyterian Foundation.
