wfn.org | 1997 Presbyterian Foundation Receipts Break Record

[PCUSA.NEWS@pcusa.org]

31-March-1998 
98117 
 
    1997 Presbyterian Foundation Receipts Break Record 
 
    by Jerry L. Van Marter 
 
JEFFERSONVILLE, Ind.-Total gifts and deposits to the Presbyterian Church 
(U.S.A.) Foundation last year totaled nearly $138 million, breaking the 
previous year's record for money taken in by the Foundation. 
 
    New gifts to the Foundation totaled $51,078,702 in 1997 and Investment 
Management Service (IMS) deposits - investment funds managed by the 
Foundation on behalf of investors - increased by $10 million to 
$86,763,764. 
 
    Total Presbyterian Foundation assets also reached a high water mark of 
$1.58 billion. 
 
    As a result, the Foundation released $118.1 million in proceeds from 
those investments to Presbyterian mission projects around the world - 
another record.  Nearly $420 million has been distributed by the Foundation 
over the past five years. 
 
    Information about how the Presbyterian Church (U.S.A.) Foundation can 
assist individuals, churches and church-related institutions with 
endowments, bequests, investment management and other financial services is 
obtainable by calling 1-800-858-6127. 
 
(Information furnished by Jan W. Hamblen) 

------------
For more information contact Presbyterian News Service
  phone 502-569-5504             fax 502-569-8073  
  E-mail PCUSA.NEWS@pcusa.org   Web page: http://www.pcusa.org 
  mailed from World Faith News <wfn-news@wfn.org>  

--