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Assistance PROGRAM OVERVIEW

Assistance PROGRAM OVERVIEW. History of the program. 1717 Fund for Pious Uses 1754 Widows’ Fund 1870 Relief Funds for Disabled Ministers and Widows and Orphans 1876 Presbyterian Board of Ministerial Relief 1883 First ministerial retirement home 1909 Sustentation Fund

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Assistance PROGRAM OVERVIEW

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  1. Assistance PROGRAM OVERVIEW

  2. History of the program • 1717Fund for Pious Uses • 1754Widows’ Fund • 1870 Relief Funds for Disabled Ministers and Widows and Orphans • 1876Presbyterian Board of Ministerial Relief • 1883 First ministerial retirement home • 1909 Sustentation Fund • 1927 Board of Pensions; first Presbyterian pension plan • 1933 First Christmas Joy Offering • 1987Assistance Program (combines pre-reunion programs)

  3. Fulfilling our mission There are three categories of Assistance Program grants • Church Workers’ Urgent Financial Needs • Retired Church Workers’ Financial & Housing Needs • Pastors’ Vocational Leadership Needs

  4. Church Workers’ Urgent Financial Needs Four Types of Grants 1. Shared Grants 2. Emergency Assistance • Short-term grants provided in cooperation with mid councils $3,000 to help defray adoption costs 3. Adoption Assistance Dependent children entering freshman year of college; family income below 2x the churchwide median salary 4. Transition-to-College Assistance

  5. Retired Church Workers’Financial & Housing Needs Two Types of Grants 1. Income Supplements 2. Housing Supplements • Eligibility • Age 65 or older • Retired church worker or surviving spouse or covered partner • 20 years of service • (10 years, partial supplement) • Participation in the Benefits Plan

  6. Pastors’ Vocational Leadership Needs Three Types of Grants 1. Seminary Debt Assistance • Pastors in first 7 years of ministry serving small congregations • Grants of up to $1,500 per year, for up to 4 years • $6,000 maximum per individual • Pastors serving congregations < 200 members • 10+ years in ministry • Serving current church for at least 6 years • Grants of up to $3,000 • 2. Sabbath Sabbatical Support

  7. Pastors’ VocationalLeadership Needs (cont.) • Mid-career pastors • 8-day conference • Participants focus on spiritual, vocational, health, and financial dimensions of their lives • Recently ordained pastors • New, 7-day conferences • Held 2 successive years • Participants focus on the 4 dimensions above, plus leadership formation 3. Presbyterian CREDO

  8. Presbyterian CREDO FACTs • Since 2005: 46 conferences and >1,000 clergy and presbytery executive staff • Invitation by random sample of pastors 30-55 years of age (for Mid-Career); within first 5 years of ministry (for Recently Ordained) • 30 pastors,8 faculty members, per conference • Conference locations geographically diverse • 8 conferences planned for 2014

  9. Assistance Program 2013 Total Grant Support

  10. Assistance Program Funding Adoption Assistance Grants Transition-to-College Assistance Grants Seminary Debt Assistance Grants Sabbath Sabbatical Support Grants Presbyterian CREDO Gifts, Bequests & Endowments (Investment Earnings) Types of Grants Funds Shared Grants* Emergency Assistance Grants* Income Supplements* Housing Supplements* Christmas Joy Offering*

  11. Challenges

  12. Challenges • Addressing the increasing financial needs of pastors and other church workers • A 47% decline in the Christmas Joy Offering over the past decade • A shrinking donor base

  13. initiatives • Implementation of the funds development activities • Annual Solicitations • Collaboration with the Presbyterian Foundation • Planned giving

  14. Collaboration with The Presbyterian Foundation • Ministry Relations Program- Regional Representatives(Board of Pensions) - Ministry Relations Officers (The Foundation) • Face-to-face cultivation and solicitation opportunities • Supporting one another’s missions

  15. This is the family of faith whom we serve….. “Whenever we have an opportunity, let us work for the good of all, and especially for those of the family of faith” ~Galatians 6:10

  16. Watch the video on pensions.org

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