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
New Covenant Trust Company (NCTC) understands that for many churches, year-end giving is critical to your budget. Recent statistics on charitable giving show that 30% of annual gifts occur in the fourth quarter, with 20% being made in December alone. That’s why it’s essential to be prepared to both solicit and accept this influx of … Continued
As a forgettable October came to an end, the S&P 500 rallied in the final week for its best weekly performance since November 2022 — and continued the rally into November, gaining in 9 of 10 trading days through November 10. The rally kicked into gear following the Federal Reserve’s November 1 meeting, where comments … 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
September lived up to its reputation as a tough month for stocks, as markets across the board struggled and the S&P 500 finished down nearly -5% for the month. The U.S. 10-year treasury yield spiked to levels not seen since 2007, and the popular 30-year fixed rate mortgage rose to its highest level since 2000, … Continued
What do you think of when you hear the term “legacy?” Maybe you think about your loved ones, or your career accomplishments. You might think about the assets you’ve acquired in your life through hard work and careful decisions. Perhaps you think of your favorite places like your church and community, or the memories and … Continued
When October comes around each year, we often think about fall or the knowledge that the holiday season will be upon us soon. Since 2004, it has also served as Cybersecurity Awareness Month. Due to our ever-connectedness through smartphones, tablets and computers, cybersecurity is becoming even more critical. New Covenant Trust Company is proud to participate in … Continued
New Covenant Trust Company (NCTC) is passionate about helping Presbyterian congregations remain vibrant and sustainable. That’s why we recently partnered with the Episcopal Church Foundation and Charitable Solutions LLC to offer the webinar, “Giving Beyond Cash: Encouraging Creative Gift Making with Complex Assets.” This informative session explored the challenges churches face in raising large gifts, … Continued
2023 has been an eventful year for impact-focused investors. Following years of increased participation and interest in responsible investing, in recent months there has been some push back on these strategies. Critics have argued that investors should consider only financial factors and metrics when evaluating companies for investment, and should not factor in potential risks … Continued
As Christians — and as U.S. Americans — we are called to restore wealth to the Afro-American and Indigenous peoples from whom it has been taken and long been denied. That’s the core principle behind Restorative Actions, an initiative launched in 2021 by a team of servant leaders within the Presbyterian Church (U.S.A.), with the … Continued