March 17, 2023
Statement from CCF President
The closing of Silicon Valley Bank this week has been unsettling to the entire banking sector. Rest assured that all funds at the Christian Church Foundation are secure.
We operate by a sound and disciplined business model to protect against risk like what we saw this week. The Foundation carries no debt, so we have zero risk from leverage. Our portfolios are well diversified, and we use third-party custodians to ensure the safety of our funds.
While concerns about the banking system will likely cause near-term market stress, meaningful permanent losses are unlikely provided we stick with our long-term strategy. We continue to monitor this situation and will manage with the same care and prudence as always.
Thank you for your partnership and please reach out to us with any questions.
Gary W. Kidwell
President, Christian Church Foundation