Central Presbyterian Church issued the following announcement on Feb. 10.
Board members will hear a report in April from the Presbyterian Foundation
The A Corp Board will be hearing a presentation during its April meeting on whether to shift a percentage of about $50 million in A Corp holdings to investment firms that are run by Black fund managers.
Kathy Lueckert, president of the Presbyterian Church (U.S.A.), A Corporation, briefed the board Monday on the asset allocation proposal, which at this point is conceptual.
Several weeks ago, someone asked Lueckert why the A Corp wasn’t investing in Black and brown institutions. “Good question,” Lueckert replied, “and I didn’t have a really good answer,” she told the board.
Original source can be found here.
Source: Central Presbyterian Church
