The Giving Network selects Presbyterian and non-Presbyterian organizations on the local, national and international levels to receive financial support from Rutgers Presbyterian Church. The Giving Network was formerly called the Benevolence and Stewardship Committee. It was renamed in 2011 to emphasize that there is collaboration across the Rutgers community in ensuring that gifts are directed effectively. We take input from committees and individuals when considering where to direct financial support. We select organizations that are in alignment with the mission priorities of Rutgers Presbyterian Church; that can benefit highly from our level of contribution; that allocate a significant percentage of dollars raised to programs; and that will not develop a dependency on our funding. Difficult choices must be made as there are so many deserving, well-run organizations.
A full list of organizations we have supported during 2014, with links to websites, can be found here. Many of these organizations have received our financial support in prior years as well. Along with our contribution we send each of them our best wishes for continued success with their important work.
In addition, the Deacons of Rutgers Presbyterian Church have invested $ 45,000 of their reserves with Oikocredit U.S.A., a global cooperative established in 1975 by the World Council of Churches which aggregates investor money from people in the developed world and then re-distributes those investments to creditworthy microfinance institutions in the developing world. The investment earns 2% interest per year, and is combined with funds from other individual and group investors to provide capital to a network of 570 rigorously-selected microfinance partners in 70 countries.
Rutgers also has invested about $ 3,000 in revolving loans through Kiva, a non-profit organization that connects people through lending to alleviate poverty.