UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

SCHEDULE 14A

(RULE 14a-101)

INFORMATION REQUIRED IN PROXY STATEMENT

SCHEDULE 14A INFORMATION

Proxy Statement Pursuant to Section 14(a) of the Securities
Exchange Act of 1934

Plan Investment Fund, Inc.

(Name of Registrant as Specified In Its Charter)

PLAN INVESTMENT FUND, INC.
2 Mid America Plaza
Suite 200
Oakbrook Terrace, Illinois 60181

______________________________

NOTICE OF SPECIAL MEETING OF
PARTICIPATION CERTIFICATE HOLDERS
TO BE HELD ON JULY 22, 2021

______________________________

A Special Meeting of Participation Certificate holders of Plan Investment Fund, Inc., a Maryland Corporation (the “Fund”), will be held on July 22, 2021 at 10:00 A.M. CDT at BCS Financial Corporation, 2 Mid America Plaza, Suite 200, Oakbrook Terrace, Illinois 60181 (the “Meeting”), to consider and vote on the following proposal:

The proposal referred to above is discussed in the Proxy Statement attached to this Notice. Participation Certificate holders of record at the close of business on May 31, 2021 have the right to receive notice of, attend, and vote at the Meeting or any postponements or adjournments thereof. If a quorum is not present at the Meeting, the chairman of the Meeting may adjourn the Meeting to a later date.

Whether or not you expect to be present at the Meeting, we urge you to complete, date, sign and return in the self-addressed envelope provided with the enclosed proxy card, or take advantage of Internet voting as described in the proxy card, before July 22, 2021 in order that the Meeting may be held and a maximum number of Participation Certificates may be voted.

Ann F. Frolik, Secretary

Plan Investment Fund, Inc.

IMPORTANT — WE NEED YOUR PROXY VOTE IMMEDIATELY

A Participation Certificate holder may think that his or her vote is not important, but it is vital. We urge you to vote, sign and date the enclosed proxy card and return it, or to take advantage of the Internet voting procedures, as described on your proxy card. Your prompt return of the enclosed proxy cards (or authorizing your proxy by other available means) may save the necessity of further solicitations. If you wish to attend the Meeting and submit your vote in person at that time, you will still be able to do so.

Important Notice Regarding Availability of Proxy Statement for the Meeting to be held on July 22, 2021: The Proxy Statement is available on the Internet at www.PIF.com.

PLAN INVESTMENT FUND, INC.
2 Mid America Plaza
Suite 200
Oakbrook Terrace, Illinois 60181

PROXY STATEMENT

This Proxy Statement is furnished in connection with the solicitation of proxies by the Board of Trustees of Plan Investment Fund, Inc., a Maryland Corporation (the “Fund”), for use at the Special Meeting of Participation Certificate holders to be held on July 22, 2021 at 10:00 A.M. CDT at BCS Financial Corporation, 2 Mid America Plaza, Suite 200, Oakbrook Terrace, Illinois 60181 (such meeting, including any postponement or adjournment thereof, being referred to as the “Meeting”). The Fund will bear all proxy solicitation costs. This Proxy Statement and the enclosed proxy are expected to be distributed to Participation Certificate holders on or about June 24, 2021. The solicitation will occur principally via mail and by telephone, but proxies may also be solicited through electronic communication.

The Fund currently consists of two series or investment portfolios: the Government Portfolio and the Money Market Portfolio (each a “Portfolio” and collectively, the “Portfolios”). Only Participation Certificate holders of record at the close of business on May 31, 2021 (the “Record Date”), will be entitled to notice of and to attend and vote at the Meeting or any postponements or adjournments thereof. As of the Record Date, the following number of Participation Certificates of the Fund were outstanding and entitled to be voted at the Meeting: 1,229,463,434.19 Government Portfolio Participation Certificates; and 52,280,440.31 Money Market Portfolio Participation Certificates. Cumulative voting is not permitted.

The presence in person or by proxy of Participation Certificate holders of the Fund entitled to cast at least a majority of the votes entitled to be cast shall constitute a quorum at the Meeting. When a quorum is present, the affirmative vote of the holders of a majority of the outstanding Participation Certificates of the Fund shall be required to elect each nominee to the Board of Trustees of the Fund (the “Board of Trustees” or the “Board”). Participation Certificate holders of each Portfolio will vote together as a single class to elect nominees to the Board. Each Portfolio’s Participation Certificate holders shall be entitled to cast one vote for each Participation Certificate, and a pro rata vote for each fractional Participation Certificate, held as of the Record Date on each matter to be voted upon at the Meeting. Participation Certificate holders as of the Record Date will have the option to vote “FOR” or “AGAINST” each nominee, or may “ABSTAIN” from voting with respect to any nominee. Votes to “Abstain” and “broker non-votes” (i.e., shares held by brokers or nominees as to which (i) instructions have not been received from the beneficial owners or the persons entitled to vote, and (ii) the broker or nominee does not have the discretionary voting power on a particular matter) will be treated as shares present at the Meeting for purposes of establishing a quorum for the transaction of business. Nominees for election to the Board of Trustees shall be elected by written ballots, each of which shall be signed by the Participation Certificate holder or its proxy and specifying the number of Participation Certificates voted with respect to such election. All Participation Certificates represented by valid proxies will be voted for each nominee named below unless a contrary instruction is given.

Even if you expect to be present at the Meeting, please vote, sign, date, and return in the self-addressed envelope provided the enclosed proxy card, or take advantage of the Internet voting option, as described in your proxy card. Any Participation Certificate holder giving a proxy may revoke it at any time before it is exercised by submitting to the Fund a written notice of revocation or a subsequently executed proxy or by attending the Meeting and voting in person.

The Board recommends that Participation Certificate holders vote “FOR” the election of each nominee as a Trustee.

IMPORTANT NOTICE REGARDING THE AVAILABILITY OF PROXY MATERIALS FOR THE MEETING TO BE HELD ON JULY 22, 2021: THE NOTICE OF MEETING, PROXY STATEMENT AND PROXY CARDS ARE AVAILABLE AT WWW.PIF.COM.

The Fund’s Annual Report for its Portfolios, containing financial statements for the year ended December 31, 2020, has been mailed to Participation Certificate holders of such Portfolios and is not to be regarded as proxy solicitation material. To receive a free copy of this report, contact BCS Financial Services Corporation at (800) 621-9215 or to the attention of Alexander D. Hudson at 2 Mid America Plaza, Suite 200, Oakbrook Terrace, Illinois 60181.

A distribution of proxy materials including the Notice of the Meeting, Proxy Statement and proxy card is being made to holders of Participation Certificates of the Government Portfolio and the Money Market Portfolio. Proxies may be returned by mail in the self-addressed envelope provided or submitted via the Internet as described in the proxy card.

PROPOSAL:

ELECTION OF TRUSTEES

Plan Investment Fund, Inc. is a Maryland Corporation, and pursuant to the Maryland General Corporation Law the governing body of the Fund has been designated as the “Board of Trustees” (each Board member, a “Trustee” and together, the “Trustees”). The Board of Trustees currently consists of 13 persons. Nine Trustees, Nicholas G. Chiarello, William A. Coats, W. Dennis Cronin, John F. Giblin, Robert J. Kolodgy, Michael J. Mizeur, Vincent P. Price, Cynthia M. Vice, and T. Ralph Woodard, Jr. have previously been elected by Participation Certificate holders for an indefinite term until his or her successor is duly elected and qualifies or until his or her resignation, death or removal and therefore are not required to stand for reelection. The remaining four Trustees: Jennifer J. Allen, Sandra M. Clarke, Diane G. Gore, and Gina L. Marting, were appointed to the Board by the Board members that comprised the Board at the time of their appointment in accordance with the Fund’s Bylaws and Section 16(a) of the Investment Company Act of 1940, as amended (the “1940 Act”). Ms. Allen was appointed to the Board in 2020, Ms. Clarke was appointed to the Board in 2019 and Ms. Gore and Ms. Marting were appointed to the Board in 2018. The Board has nominated Jennifer J. Allen, Sandra M. Clarke, Diane G. Gore, and Gina L. Marting for election to the Board at the Meeting (each, a “Nominee” and together, the “Nominees”) and recommended that Participation Certificate holders vote “FOR” the election of each Nominee at the Meeting. Each Nominee so elected as a member of the Board will hold office for an indefinite term until her successor is duly elected and qualifies or until her resignation, death or removal.

The persons named as proxies in the accompanying proxy have been designated as such by the Board of Trustees, and all Participation Certificates represented by valid proxies will be voted “FOR” the election of each Nominee unless contrary instructions are given, such as instructions to “Abstain” or vote “Against” a Nominee.

All Nominees listed below have agreed to stand for election and consented to serve as Trustees of the Fund, if elected. In case any Nominee shall be unable or shall fail to act as a Trustee by virtue of an unexpected occurrence, persons named as proxies will vote in their discretion for such other nominee or nominees as the current Trustees may recommend, unless a decision is made to reduce the number of Trustees serving on the Board. When a quorum is present, the affirmative vote of the holders of a majority of the outstanding Participation Certificates of the Fund shall be required to elect each Nominee to the Board. The following table sets forth certain information about the Trustees and Nominees:

Trustees and Nominees for Election

Leadership Structure and Board of Trustees

The business and affairs of the Fund are managed under the direction of the Board. The Board has structured itself in a manner that it believes allows it to perform its oversight function effectively. The Board has established two standing committees, an Audit Committee and a Nominating Committee, which are discussed in greater detail below under “Committees of the Board of Trustees.” The Board is entirely comprised of Trustees, each of whom is not an “interested person” (as defined in the Investment Company Act) of the Fund (each an “Independent Trustee”). As of the date of this Proxy Statement, there are 13 members serving on the Board, including the Chairman of the Board. The Chairman presides at meetings of the Board and at meetings of Participation Certificate holders. The Chairman, Sandra M. Clarke, is an Independent Trustee. The Board exercises risk oversight of the Fund through receiving and reviewing compliance reports from, and making inquiries of, the Fund’s administrator and the investment advisor. These reports are prepared monthly and provided to the Board on a periodic basis. The Board also exercises risk oversight by receiving and reviewing reports at regular Board meetings, including an annual report from the Chief Compliance Officer and by making inquiries of and having meetings with the Chief Compliance Officer. The Board held four meetings during the Fund’s most recent fiscal year. During the Fund’s most recent fiscal year, the following Trustees attended fewer than 75% of the aggregate number of Board meetings and meetings of committees of the Board of which they were a member: W. Dennis Cronin (not a committee member).

The following is a brief discussion of the experiences and qualifications considered by the Board that led to the conclusion, as of the date of this Proxy Statement, that each Trustee, and in the case of Mses. Allen, Clarke, Gore and Marting, each Nominee, should serve as a Trustee. The information provided below is not all-inclusive.

Jennifer J. Allen has held senior financial management positions since 2014, including currently serving as Executive Vice President and Chief Financial Officer of Blue Cross & Blue Shield of Mississippi as shown in the table above.

Sandra M. Clarke has held senior financial management positions since 2013, including currently serving as Senior Vice President and Chief Financial Officer of Blue Shield of California as shown in the table above.

Diane G. Gore has held senior financial management positions since 2002, including currently serving as President and Chief Executive Officer of Blue Cross Blue Shield of Wyoming as shown in the table above.

Gina L. Marting has held senior financial management positions since 2013, including currently serving as Executive Vice President, Chief Financial Officer and Treasurer of Hawaii Medical Service Association as shown in the table above.

Nicholas G. Chiarello has held senior financial management positions since 2014, including currently serving as Director of Investments and Assistant Treasurer of Blue Cross and Blue Shield of North Carolina as shown in the table above.

William A. Coats has held senior financial management positions since 2011, including currently serving as Vice President, Treasurer and Chief Investment Officer of Guidewell and Blue Cross and Blue Shield of Florida as shown in the table above.

W. Dennis Cronin has held senior financial management positions since 2013, including currently serving as Senior Vice President, Treasury Services and Chief Investment Officer of Highmark Health as shown in the table above.

John F. Giblin has held senior financial management positions since 2007, including currently serving as Executive Vice President and Chief Financial Officer of BlueCross BlueShield of Tennessee, Inc. as shown in the table above.

Robert J. Kolodgy has held senior financial management positions since 2009, including currently serving as Executive Vice President and Chief Financial Officer of Blue Cross Blue Shield Association as shown in the table above.

Michael J. Mizeur has held senior financial management positions since 2011, including currently serving as Executive Vice President, Chief Financial Officer and Treasurer of BlueCross BlueShield of South Carolina as shown in the table above.

Vincent P. Price has held senior financial management positions since 2009, including currently serving as Executive Vice President and Chief Financial Officer of Cambia Health Solutions, Inc. as shown in the table above.

Cynthia M. Vice has held senior financial management positions since 2009, including currently serving as Senior Vice President, Chief Financial Officer and Treasurer of Blue Cross and Blue Shield of Alabama as shown in the able above.

T. Ralph Woodard, Jr. has held senior financial management positions since 2014, including currently serving as Executive Vice President and Chief Financial Officer of Blue Cross of Idaho Health Service, Inc. as shown in the table above.

The Board has concluded that the interests of the Fund and its Participation Certificate holders are served by having Trustees who have long-term experience as Trustees of the Fund, as well as highly experienced Trustees with shorter Fund tenures, who may bring new perspectives to management of the Fund. The Board also has concluded that its leadership structure, in which all or most of the Trustees are or have been affiliated with investors or potential investors in the Fund, aligns the interests of the Trustees with the interests of such investors with respect to risk oversight of the Fund and other matters. While the current Trustees all have investment experience and skills and financial management experience and skills, future Trustees may have additional or different experience and skills.

The discussion of the Trustees’ experience and qualifications is pursuant to SEC requirements, does not constitute holding out the Board or any Trustee as having any special expertise, and shall not impose any greater responsibility or liability on any such person or the Board of Trustees by reason thereof.

As of December 31, 2020, none of the Fund’s Trustees or the Nominees had “beneficial ownership” (as such term is defined by Rule 16a-1(a)(2) of the Securities Exchange Act of 1934) of equity securities in the Fund or any registered investment companies overseen by the Trustee within the same family of investment companies as the Fund.

As of December 31, 2020, none of the Independent Trustees or the Nominees or their immediate family members were record owners or “beneficial owners” (as such term is defined by Rule 13d-3 or Rule 16a-1(a)(2) of the Securities Exchange Act of 1934) of securities of an investment advisor or principal underwriter of the Fund or a person (other than a registered investment company) directly or indirectly controlling, controlled by, or under common control with an investment advisor or principal underwriter of the Fund.

As of May 31, 2021, the Trustees and Officers of the Fund and the Nominees, as a group, did not own more than 1% of the outstanding Participation Certificates of any Portfolio.

Participation Certificate Holder Communication with the Trustees

To facilitate Participation Certificate holder communications with the Board (or with any individual Trustee), Participation Certificate holders are instructed to forward correspondence (including suggestions for Trustee candidates) by U.S. mail or other courier service to Plan Investment Fund, Inc., Secretary of the Fund, 2 Mid America Plaza, Suite 200, Oakbrook Terrace, Illinois 60181. Correspondence addressed to the Board will be forwarded to the Chairperson of the Nominating Committee and correspondence addressed to a specific Trustee will be forwarded to that Trustee.

Compensation Information

Trustees who are not employed by Blue Cross entities are paid $500 for participation in each regular meeting and $150 for participation in each telephonic meeting. The Fund does not pay any compensation to other Trustees or to its Officers for acting in such capacities. For the fiscal year ended December 31, 2020, all Trustees were employed by Blue Cross entities and, as a result, the Fund did not pay any compensation to, or accrue any retirement benefits for, any of its Trustees or Officers during the fiscal year. The Fund reimburses its Trustees for out-of-pocket expenses related to attending meetings. The Trustees and Officers of the Fund in their individual capacities own none, and cannot own any, of the Fund’s Participation Certificates.

BCS Financial Services Corporation (the “Administrator”), a wholly-owned subsidiary of BCS Financial Corporation, which has its principal office at 2 Mid America Plaza, Suite 200, Oakbrook Terrace, Illinois 60181, serves as the Fund’s Administrator. For the services provided and expenses assumed by the Administrator, the Administrator is entitled to receive a fee, computed daily and payable monthly, at a rate equal to 0.05% of each Portfolio’s average annual net assets.

For the year ended December 31, 2020, the Administrator waived $467,102 and $16,010 which the Administrator was entitled to as the fees for its services for the Government Portfolio and Money Market Portfolio, respectively. Net of all fee waivers and expense reimbursements for the two Portfolios, the Administrator was paid a total of $389,902 for the Fund’s fiscal year ended December 31, 2020.

Committees of the Board of Trustees

The Board has a standing Audit Committee and a standing Nominating Committee.

Audit Committee

The purpose of the Audit Committee is to assist the Board in fulfilling its governance responsibilities by, among other things, taking the following actions:

The Audit Committee is responsible for identifying and recommending for approval by the Board the independent auditors to audit the Fund’s financial statements, reviewing the auditor’s fees, reviewing and approving the scope of the audit and pre-approving certain audit and non-audit services to be provided to the Fund, and in certain cases, non-audit services provided to the Fund’s investment advisor and certain affiliated parties. The members of the Audit Committee are Jennifer J. Allen, William A. Coats, John F. Giblin, Diane G. Gore, Gina L. Marting and Vincent P. Price. The Audit Committee met on two occasions during the Fund’s most recent fiscal year. No member of the Audit Committee is an interested person of the Fund.

Nominating Committee

The purpose of the Fund’s Nominating Committee is to gather information and make recommendations to the Board of nominees for election as Trustees of the Fund. The members of the Nominating Committee are Nicholas G. Chiarello, Sandra M. Clarke, Michael J. Mizeur, Cynthia M. Vice and T. Ralph Woodard, Jr. The Nominating Committee met on three occasions during the Fund’s most recent fiscal year. No member of the Nominating Committee is an interested person of the Fund.

The Nominating Committee will consider Participation Certificate holders’ recommendations of potential nominees for election as Trustees. Recommendations of potential nominees for election at a meeting of Participation Certificate holders should be submitted in writing to the Fund at its principal office.

ADDITIONAL INFORMATION

Officers

Officers of the Fund are elected by the Trustees and serve at the pleasure of the Board. Information is set forth below as to Officers of the Fund:

(1) Officers are elected for annual terms.

Significant Owners

As of May 31, 2021, the name, address, and number and percentage of Participation Certificates held by persons which are known by the Fund to be record or beneficial owners of 5% or more of the outstanding Participation Certificates of a Portfolio are listed below. Participation Certificate holders who have the power to vote a large percentage of Participation Certificates (at least 25%) of a Portfolio can control the Portfolio and could determine the outcome of a Participation Certificate holders’ meeting with respect to that Portfolio.

^A Participation Certificate holder is the “Beneficial” owner, meaning that the name listed refers to the actual pecuniary, or financial, interest in the security.

Investment Advisor

The investment advisor for the Portfolios is BlackRock Advisors, LLC (the “Advisor”), 100 Bellevue Parkway, Wilmington, DE 19809.

Distributor/Principal Underwriter

The distributor (also known as the principal underwriter) for the Portfolios is Foreside Fund Services, LLC, 3 Canal Plaza, Suite 100, Portland, ME 04101.

Method of Proxy Solicitation

Officers of the Fund will solicit proxies from Participation Certificate holders. The cost of such solicitation is expected to primarily consist of printing and mailing expenses which will be borne by Participation Certificate holders. In addition to soliciting proxies by mail, Officers and representatives of the Fund may aid in the solicitation of proxies by telephone or electronic communication.

Other Matters

Under Maryland law, the only matters that may be acted on at the Special Meeting of Participation Certificate holders are those stated in the notice of the Special Meeting. Accordingly, other than procedural matters relating to the election of Trustees, no other business may properly come before the Special Meeting. Under the Fund’s Bylaws, the power to adjourn or conclude the Meeting (whether or not a quorum is present) resides with the chairman of the Meeting. If, however, any procedural matter requiring a vote of Participation Certificate holders should arise, the persons named as proxies will vote on such procedural matter in accordance with their discretion.

Independent Registered Public Accounting Firm

In accordance with Section 32(a) of the 1940 Act, the Board, comprised entirely of Independent Trustees, has selected Cohen & Company, Ltd. (“Cohen”) as the Fund’s principal accountant to audit the Fund’s financial statements for the Fund’s current fiscal year. Cohen has served the Fund in this capacity beginning with the Fund’s fiscal year ended December 31, 2017. All of Cohen’s services in auditing the Fund’s financial statements beginning with the fiscal year ended December 31, 2017 were performed by full-time permanent employees of Cohen. Representatives of Cohen & Company, Ltd. are not expected to be present at the Meeting.

Audit Fees. For the fiscal years ended December 31, 2020 and December 31, 2019, the Fund was billed $45,000 for each year by Cohen for professional services related to the audit of the Fund’s financial statements and related regulatory filings.

Audit-Related Fees. No audit-related fees were billed to the Fund by Cohen in the fiscal years ended December 31, 2020 and December 31, 2019.

Tax Fees. For the fiscal years ended December 31, 2020 and December 31, 2019, the Fund was billed $6,000 for each year by Cohen for professional services rendered for tax compliance and tax advice.

All Other Fees. For the fiscal years ended December 31, 2020 and December 31, 2019, Cohen did not bill the Fund for products and services other than the services reported above.

Audit Committee Pre-Approval Policies and Procedures. Pursuant to the Audit Committee Charter, the Audit Committee is responsible for preapproving any engagement of the independent auditor to provide non-prohibited services to the Fund, including the fees and reimbursement of expenses to be paid to the independent auditor. Pursuant to the Audit Committee Charter, the Audit Committee is also responsible for pre-approving any engagement of the independent auditor, including the fees and reimbursement of expenses to be paid to the independent auditor, to provide non-audit services to the Advisor or any of its control affiliates, if the engagement relates directly to the operations and financial reporting of the Fund (the “Pre-Approval Policies and Procedures”). The Chairman of the Audit Committee may grant the preapprovals referenced above for non-prohibited and non-audit services of less than $5,000. All such delegated preapprovals shall be presented to the Audit Committee no later than the next Audit Committee meeting. None of the tax services billed to the Fund for the fiscal years ended December 31, 2020 and 2019 discussed above were approved by the Audit Committee pursuant to a waiver of these Pre-Approval Policies and Procedures.

Non-Audit Fees. No non-audit fees were billed by Cohen in the fiscal years ended December 31, 2020 and December 31, 2019 to the Fund, the Advisor, or control affiliates of the Advisor.

Submission of Shareholder Proposals

The Fund ordinarily does not hold annual Participation Certificate holder meetings. Participation Certificate holders wishing to submit proposals for inclusion in a proxy statement for a Participation Certificate holder meeting should send their written proposals to the Secretary of Plan Investment Fund, Inc. c/o BCS Financial Services Corporation, 2 Mid America Plaza, Suite 200, Oakbrook Terrace, IL 60181. Proposals must be received by the Fund a reasonable time before the Fund begins to print and send its proxy materials with respect to a meeting of Participation Certificate holders in order for a proposal to be considered for inclusion in the proxy materials for that meeting. Timely submission of a proposal does not, however, necessarily mean the proposal will be included.

Dated: June 24, 2021

PARTICIPATION CERTIFICATE HOLDERS ARE REQUESTED TO VOTE, SIGN, AND DATE THE ENCLOSED PROXY CARD AND RETURN IT PROMPTLY. YOU MAY ALSO VOTE BY INTERNET IN ACCORDANCE WITH THE INSTRUCTIONS SET FORTH ON THE ENCLOSED PROXY CARD.

Appendix A

NOMINATING COMMITTEE CHARTER

plan investment fund, inc.

The Nominating Committee (the “Committee”) is a committee of the Board of Trustees (the “Board”) of Plan Investment Fund, Inc. (“PIF”). Its primary function is to identify and recommend individuals for membership on the Board and oversee the Fund Governance Procedures. The Committee shall have the authority to retain advisors and experts necessary to carry out the duties of the Independent Trustees.

To fulfill its responsibilities and duties, the Committee shall engage in the following activities:

GOVERNMENT PORTFOLIO
MONEY MARKET PORTFOLIO

PLAN INVESTMENT FUND, INC.
2 Mid America Plaza
Suite 200
Oakbrook Terrace, Illinois 60181

Proxy Solicitation on behalf of the Board of Trustees for the
Special Meeting of Participation Certificate Holders
To be held July 22, 2021

The undersigned Participation Certificate (“PC”) holder of the Government Portfolio and/or the Money Market Portfolio (the “Portfolios”) of Plan Investment Fund, Inc. does hereby appoint Alexander D. Hudson and Susan A. Pickar, or either of them, as proxy for the undersigned, each with full power of substitution and resubstitution, to attend the Special Meeting of Participation Certificate holders to be held on July 22, 2021 at 10:00 a.m. CDT at BCS Financial Corporation, 2 Mid America Plaza, Suite 200, Oakbrook Terrace, Illinois 60181 and at all postponements or adjournments thereof, and thereat to vote the PCs of the Portfolios held in the name of the undersigned on May 31, 2021 for said meeting on the matter listed below, which has been approved by the Board of Trustees of Plan Investment Fund, Inc. (the “Fund”).

Proxy Voting Options

1) Complete your proxy card online at: www.cvent.com/d/hjqy33

2) Complete, sign, date, and return in the self-addressed envelope provided with your proxy card by mail to the Fund at the address listed above.

Proposal: Election of Trustees

1) To cast a single vote with respect to All Nominees listed below, place an “X” on the line next to your desired vote.

2) To vote for individual Nominees, place an “X” on the line next to each such Nominee representing your desired vote, up to a total of four individual Nominees.

The PARTICIPATION CERTIFICATES represented by this Proxy shall be voted as instructed and in the discretion of the proxy holder on any other matter that may properly come before the meeting. Unless your vote with respect to a Nominee is otherwise specified, authority is deemed granted to vote “For” the election of such Nominee.

This Proxy Card is to be signed by, or on behalf of, the PC holder named on the proxy. If you are signing on behalf of the PC holder, state your capacity or title along with your signature.