1. What is the relationship between the Presbyterian Foundation, New Covenant Trust Company, and New Covenant Funds?
October 1, 2017 by Jim
The Presbyterian Foundation is the Presbyterian Church (U.S.A.)’s national entity specifically called to offer charitable expertise and services that unite and empower Presbyterians and the ministries about which they are passionate. The Foundation is committed to strengthening congregations, mid councils, and other Presbyterian-related entities by developing gifts and managing funds on their behalf.The New Covenant Trust Company, N.A. (NCTC) is wholly owned by the Presbyterian Church (U.S.A.) Foundation and is chartered and regulated by the Office of the Comptroller of the Currency. Guided by Presbyterian values, NCTC and its team of financial specialists serve both the church and individuals to devise smart financial solutions to protect assets, provide for loved ones and support the charitable causes important to you. NCTC also serves clients from other denominational backgrounds.New Covenant Funds (NCF) is a family of faith-based mutual funds sponsored by the Foundation which are invested in accordance with the social witness principles of the Presbyterian Church (U.S.A.). SEI Investment Management Company (SIMC) is the investment advisor to New Covenant Funds. The Presbyterian Foundation is an investor in NCF. The Foundation’s subsidiary, New Covenant Trust Company, provides shareholder services to and consults with SIMC on the social witness principles of the church. New Covenant Funds are offered through Quasar Distributors, LLC.