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
First Presbyterian Church of Lexington “exists to glorify God by engaging in worship, pursuing justice and nurturing everybody who enters our doors,” says Rev. Mark Davis. From the time he was called to serve as FPC’s pastor in September 2010, Rev. Davis has worked hard to help his congregation fulfill that vision statement. Now, with … Continued
After 248 trading days in bear market territory — the longest bear market since 1948 — the S&P 500 entered a new bull market June 8. Optimism has been driven by softening inflation, a timely deal on the debt ceiling and huge gains in the tech sector, particularly for companies involved in artificial intelligence. According … 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
Wall Street loves its adages. “Sell in May and go away,” “Don’t catch a falling knife” and “Buy the rumor, sell the news” are just a few examples. Like many sayings, there may be examples of truth in some of these. For example, over the last 25 years, markets have earned on average around +2.10% … Continued
Below is a message from Doug McArthur, Chair of NCTC’s CEO Search Committee and Vice Chair of the NCTC Board of Directors. To our valued clients: Greg Rousos, New Covenant Trust Company’s longtime President & CEO, has announced his plans to retire at the end of 2023. As you can imagine, this news carries mixed … 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
The $1.7 trillion omnibus spending bill signed into law by President Biden in December included provisions dubbed “SECURE Act 2.0.” This law’s language builds on the Setting Every Community Up for Retirement Enhancement (SECURE) Act passed in 2019. Through more than 90 provisions, SECURE Act 2.0 presents some significant, welcome changes for retirement planning. Here … Continued
It was an exciting March for college basketball fans, with the annual national tournaments offering no shortage of surprises and great games. It was also an eventful month for markets, with the collapse of Silicon Valley Bank and Signature Bank in just a matter of days, setting off market volatility and an urgent government response. … Continued
Up until very recently, women were not able to invest on their own. In fact, most financial and property matters required the signature of a husband or male relative well into the 20th century. Despite these obstacles, women have long had a keen interest in growing and securing assets for themselves, their communities and their … Continued