The SECURE Act 2.0 was signed into law by President Biden on December 29, 2022. This legislation is designed to help Americans better plan for their financial future by expanding access to, and streamlining the administration of, many retirement plans. Beginning in 2023, the Act provides some exciting new provisions regarding Individual Retirement Account (IRA) … Continued
After a comprehensive national search, New Covenant Trust Company is pleased to share that Angela Duffy has been selected as President & CEO. As I approach my retirement on Dec. 31, I could not be more pleased to announce her as my successor. This announcement is exciting for many reasons. You may already know Angela, … Continued
The Presbyterian Church (U.S.A.) Committee on Mission Responsibility Through Investment (MRTI) has published a statement on responsible investing in response to recent news and public discussion about a fiduciary’s responsibilities related to investments and the role of environmental, social and corporate governance (ESG). This statement outlines the church’s long history and influential leadership in the … Continued
New Covenant Trust Company was proud to partner with the Presbyterian Investment & Loan Program and the Presbyterian Foundation on “Assets & Liabilities: Managing Your Church’s Balance Sheet,” a webinar that took a close look at strategies to help churches maximize their finances. This informative, interactive event covered everything from the key elements of a … Continued
Please join us for a free webinar on May 23. Church leaders need an understanding of a church’s debts and assets — two major components of the balance sheet. If you don’t quite know what we’re talking about, or have questions, this is the webinar for you. Experts with New Covenant Trust Company, the Presbyterian … Continued
Faith- and values-based investors are called on to play a unique role in corporate shareholder advocacy. In a recent webinar, representatives from the Presbyterian Church (U.S.A.) and New Covenant Trust Company (NCTC) discussed how they are partnering to help both institutions and individuals make investments that are consistent with their values, as well as push … Continued
You’re invited to join us January 31 for a free webinar. What has God called us to do with all that is entrusted to us? God calls us to be good stewards, and that means making investments that are consistent with our values as well as pushing corporations to be better global citizens. The Presbyterian Church (U.S.A.) does both. … Continued
This time of year is often called the Season of Giving, and not just because of the lovingly wrapped presents we give to family and friends at Christmas. In fact, 37% of all charitable giving occurs in the fourth quarter, with December accounting for over 20% of total donations for the year. Economic and demographic … Continued
As you are likely aware, inflation is dominating the financial headlines. The cost of living has gone up, the supply chain is experiencing major delays and shortages, and expenses across the board are rising — from food to housing to all types of goods and services. One of the largest budget items for both individuals … Continued
Many years ago, it seemed a church only had to open its doors and people would come. Many came out of a sense of tradition or ritual — being in church on Sundays was simply what we did. With that tradition came a sense of responsibility to give to the church and fund its ministry. … Continued