A resolution was passed in 2005 at the Twenty-Fifth General Synod of the United Church of Christ entitled "Concerning Use of Economic Leverage in Promoting Peace in the Middle East." One of the provisions of the resolution calls upon the church to "make positive contributions to groups and partners committed to the non-violent resolution of the conflict."

The Pension Boards (PBUCC) has been engaged in this call through its investment in the private equity fund, Siraj Palestinian Fund LP1, in which PBUCC holds a .67% interest. PBUCC's investment in Siraj does not include pension or benefit plan funds.

The Siraj Palestinian Fund consists of direct equity investments in viable start-up, distressed, and relatively large enterprises in Palestine. Siraj was named the "Best Asset Manager in Palestine" in 2013, and has created over 500 new Palestinian jobs since 2011.

Siraj's investments are spurring economic growth, job creation, and innovation in Palestine. More detailed information about the impact of this investment may be found in a May 14, 2013 memorandum to Executive Council from PBUCC President/CEO Michael A. Downs. (Please also see the August 2013 Forbes magazine article, "Peace Through Profits? Inside The Secret Tech Ventures That Are Reshaping The Israeli-Arab-Palestinian World.")

Economic leverage for social transformation has been the goal of PBUCC's corporate social responsibility ministry for over 42 years, and continues to make a difference through multiple strategies called for by General Synod resolutions. We work together with other activists and UCC mission partners in a comprehensive witness to peace in the Middle East.