Presbyterian Mission Agency paycheck protection program Archives

Board of Pensions President elected vice chair of Church Benefits Association board

Posted January 23rd, 2024

The Church Benefits Association (CBA) has elected the Rev. Dr. Frank Clark Spencer, President of The Board of Pensions of the Presbyterian Church (U.S.A.), as vice chair of its Board of Directors. Spencer’s election, at CBA’s annual meeting in December, reaffirms the Board of Pensions’ strategic partnership with other religious denominations to better serve leaders across faith communities.

The PC(USA), A Corporation’s rosy financial picture has but one thorn

Posted August 27th, 2021

Ian Hall, who began work in June as the chief financial officer and chief operating officer of the Presbyterian Church (U.S.A.), A Corporation, had a rosy financial report Friday to share with the A Corp Board in a report covering the first seven months of 2021.

Federal government forgives the PC(USA)’s Paycheck Protection Program loan

Posted July 12th, 2021

On June 24, word arrived that the Small Business Administration had fully forgiven the $8.85 million Paycheck Protection Program loan received by the Presbyterian Church (U.S.A.), A Corporation in April 2020.

A Corp Board approves Presbyterian Center renovation

Posted May 20th, 2021

Pending approval from the Presbyterian Mission Agency Board, the Presbyterian Center, the denominational headquarters for the Presbyterian Church (U.S.A.) for nearly 33 years, will undergo an estimated $2.4 million renovation this fall and winter to prepare the first story and part of the second to host the 225th General Assembly next year and, presumably, future assemblies as well.

On budgets and board feedback

Posted August 20th, 2020

Thursday’s open portion of the online meeting of the Presbyterian Church (U.S.A.), A Corporation Board of Directors was chiefly spent exploring financial reports and the results of a board survey.

PC(USA) leaders discuss income shortfall during all-staff videoconference

Posted May 18th, 2020

Just as congregational and mid council giving and budgets are being hit hard by the COVID-19 pandemic, so will the current and near-term income streams of the Presbyterian Mission Agency, Office of the General Assembly and the Administrative Services Group.

PC(USA), A Corporation approved for $8.8 million forgivable loan

Posted April 20th, 2020

Presbyterian Church (U.S.A.), A Corporation President Kathy Lueckert announced Monday that the U.S. Department of the Treasury’s Small Business Administration had approved an $8.8 million application for a forgivable loan that will cover the A Corp payroll for 2.5 months.

Churches can tap into their share of the $2.2 trillion CARES Act

Posted April 1st, 2020

Churches and other nonprofit organizations are eligible for their portion of the $350 billion in aid, the same as small businesses, as part of the $2.2 trillion Coronavirus Aid, Relief and Economic Security (CARES) Act passed by Congress last week and signed into law by President Donald Trump Friday.