wfn.org | Stewardship Report Reflects New Realities

[PCUSA NEWS <pcusanews@pcusa80.pcusa.org>]

Reply-To: pcusanews list <pcusanews@pcusa80.pcusa.org>
18-June1998 
GA98101 
Stewardship  Report   Reflects New Realities 
 
                          by Jane Hines 
 
CHARLOTTE--The 210th General Assembly approved the Deliverance submitted by 
the Presbyterian Church (U.S.A.) Foundation through the Assembly Committee 
on Stewardship and Funding for ratification of the creation of the New 
Covenant Trust Company, N.A.  New Covenant is a wholly owned subsidiary of 
the Foundation.  The General Assembly Council (GAC) has the same 
relationships with New Covenant that it has with the Foundation.   
   The Foundation was directed to continue and to explore and initiate ways 
to enhance its expertise and capacity in support of the Wills Emphasis, 
Planned Gifts, and Investment Management Services programs that will allow 
those programs to become ever more effective. 
 
            Comprehensive Strategy for Mission Funding 
 
   The report of the Comprehensive Strategy for Mission Funding Work Group 
was approved and commended to the church for study and use.  It was 
affirmed that the Presbyterian Church (U.S.A.) is one church with one 
mission validated by sessions, presbyteries, synods and the General 
Assembly, and that this mission is appropriately funded by appeals to the 
whole church within and beyond governing body boundaries or budgets. 
   It is being recommended that all presbytery committees and theological 
institutions be encouraged to address the theology of stewardship, 
fiduciary responsibilities, and personal financial management as integral 
aspects of ministry.  Stewardship and mission interpretation resources are 
to be provided by synods and presbyteries working in partnership with each 
other and the General Assembly.  Every governing body using per capita 
apportionments are directed to communicate clearly to sessions the purposes 
for which it is used.  The report passed without discussion or dissent, 
which prompted Moderator Douglas Oldenburg to say:"Go back and read this 
report.  It alerts the church to a variety of ways to fund mission.  It's a 
wonderful report!" His suggestion was greeted with applause for the work 
group which produced it. 
 
                        Bicentennial Fund 
 
   The Assembly expressed appreciation to the volunteers and staff persons 
who gave their time and energy to the Bicentennial Fund Campaign, and to 
the many donors who have so far contributed more than $74 million to the 
programs supported by the campaign.  Payments on pledges should be made as 
soon as possible so that the projects still waiting for funding can be 
completed.   
 
                       Revolving Loan Fund 
 
   Responding to an overture from the Presbytery of Arkansas, the Assembly 
directed the GAC to appoint a special committee to consider the possibility 
of offering financial services in the area of acquisition and disposal of 
property, including but not limited to "a revolving loan fund." 

 ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
  This note sent by PCUSA NEWS
  to the pcusanews list <pcusanews@pcusa80.pcusa.org>.
  Send unsubscribe requests to pcusanews-request@pcusa80.pcusa.org