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The Reverend Frank Clark Spencer is President and CEO of the Board of Pensions of the Presbyterian Church (U.S.A.), the first minister to lead the agency since 1988. The Board of Pensions provides pension benefits, health coverage, death and disability payments, emergency economic assistance and mid-career education to the pastors and other employees who serve the church. BOP has approximately $10 Billion in assets under management and 45,000 members of the various plans.

The 221st General Assembly (2014) unanimously confirmed Rev. Spencer's election to the presidency on June 18, 2014. He was ordained by the Presbytery of Charlotte on February 7, 2015, at his home church, Selwyn Avenue Presbyterian Church. Rev. Spencer, who has served as a ruling elder and deacon, was on the Board of Directors of the Board of Pensions for two years. He served four years as Chairman of the Board of Directors for the Montreat Conference Center and on the NEXTChurch Strategy Team.

Rev. Spencer spent 15 years in healthcare real estate with Cogdell Spencer Inc. Named president in 1998 and CEO in 2005, Spencer led the company to its initial public offering on the New York Stock Exchange in 2005. By 2008, Cogdell Spencer had grown to become the largest healthcare design-build company in the US ranked by revenue. Spencer was honored as an Ernst and Young Entrepreneur of the Year for the Southeast Region in 2009. In 2010, Cogdell Spencer was named both one of Charlotte’s Top Performing Public Companies and one of Charlotte’s Best Places to Work by the Charlotte Business Journal. A $10 million enterprise when Frank joined in 1996, the company was sold to Ventas for $760 million in 2012.

While pursuing his Masters of Divinity at Union Presbyterian Seminary, Spencer was President and CEO of Habitat for Humanity of Charlotte. Under his leadership, Habitat Charlotte was named one of only seven Affiliates of Distinction, Habitat International’s highest honor. Over the last 30 years working in the US and abroad, Frank has developed over 400 units of affordable housing including single room occupancy, tax credit based multi-family, and single family homes.

Frank holds a B.A. in German from the University of North Carolina, Chapel Hill, where he was a Morehead Scholar, and is a Baker Scholar graduate of Harvard Business School. Union Presbyterian Seminary honored him with the President’s Award for Service and Leadership in 2015. Frank’s first book, The Benefit of the Doubt, was published in 2013 by 22 Degrees Publishing.