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.
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.
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.