Paul H Grier Anita J Clemons wwwPresbyterianFoundationorg Paul H Grier VicePresident Greenville South Carolina 18008586127 x5953 PaulGrierPresbyterianFoundationorg Project Regeneration ID: 652750
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Report from the Foundation
Paul H. GrierAnita J. Clemonswww.PresbyterianFoundation.orgSlide2
Paul H. Grier
Vice-President Greenville, South Carolina1-800-858-6127 x-5953Paul.Grier@PresbyterianFoundation.orgSlide3
Project Regeneration
a Church Asset Transformation ProgramWho?congregations, presbyteries, and parachurch ministries who are questioning their organizational sustainability
Running out of people … running out of moneyreinventions
nesting & mergers
dissolution
Where?
43 states and District of Columbia
500+ individual situations
urban & rural; historic & new; south & north & west & east
congregations ranging from 4 – 1200 membersSlide4
Project Regeneration
a Church Asset Transformation ProgramWhen?If you suspect a church has a “runway” of three years or less
Anonymous referrals are honored
Sooner is always better than later
How
?
Paul Grier 1-800-858-6127, ext. 5953
Skip Herbert 1-800-858-6127, ext. 5948
Your Ministry Relations OfficerSlide5
Presbytery Assessment Tool
Inspired by the success of the Foundation’s Congregational Financial Health AssessmentSome 1,400 congregations have participated to dateA new and even-better upgrade is expected by January 2018
http://assessment.PresbyterianFoundation.orgSlide6
Presbytery Assessment Tool
Purpose:To develop a dataset so that presbytery Treasurers and other leaders can compare metrics against othersTo provide reference points, especially for that Finance Committee member who’s always asking about “best practices”
Process:
Focus group
Alpha Group testing
Beta Group testing
Full-Scale data-gatheringSlide7
Presbytery Assessment Tool
Findings:Balance Sheet:days cash-on-handchange patterns
Income Statement:revenue & expense change patterns
drawing down reserves/invading endowments
Other:
staffing levels
closures
loan guarantees
Next Steps & ReportingSlide8
Anita J. Clemons
Vice President, Managing Director of InvestmentsJeffersonville, Indiana1-800-858-6127 x-5912Anita.Clemons@PresbyterianFoundation.orgSlide9Slide10
New Covenant Funds
New Covenant
Trust Company
Investment Management Account
Presbyterian Foundation
Endowment Service
Investment
Advisor
SEI
Staff
Northern Trust
Asset
Allocation
60% Equity / 40% Fixed Income
Customized to Investment Policy Statement:
Stocks, Bonds, Mutual Funds, ETFs
Safety Assets: Bonds & Cash
Growth Assets: Stocks, Private Equity, Real Assets
Investment Managers
6
10 - 20
40
Fees
0.97%
Fees start at 1% with breakpoints
for larger accounts
Plus underlying mutual fund expenses
~1%
Plus underlying manager fees
Title
Church/Synod/Presbytery Holds Title
Church/Synod/Presbytery Holds Title
Church/Synod/Presbytery Holds Title
Liquidity
Daily Priced/Daily Liquid
Daily Priced/Daily Liquid
Quarterly Withdrawals
With Restricted Liquidity
Rebalancing
Provided on Balanced Funds
Provided To Policy Benchmark
Provided To Policy Benchmark
Performance
Monitoring
Monthly
Monthly
Monthly
Spending
Formula
Distributions
Withdrawals at Client
Discretion and Timing
Customized to Investment Policy Statement - Withdrawals at Client Discretion & Timing
4.25% of 20 quarter rolling average
Socially Responsible
Yes
Optional
Yes
Statements
Quarterly
Monthly/Quarterly
Quarterly
On - Line Viewing
Yes
Yes
YesSlide11
What’s New?Slide12Slide13Slide14
Asset Classes:
Public EquityPrivate EquityReal AssetsAsset Classes:Investment Grade BondsCash
Presbyterian Endowment Service: Asset Allocation Philosophy
Investment Strategies & Their Roles
The strategic asset allocation is implemented in compliance with Presbyterian Values.
Diversified
Across Asset Classes
Investment Managers
Economic RegionsSlide15Slide16
Report from the Foundation
www.PresbyterianFoundation.org