New Covenant Trust Company

What New Covenant Trust Company does

New Covenant Trust Company, N.A. (NCTC) is a privately held, OCC-chartered limited-purpose trust bank headquartered in Jeffersonville, Indiana, founded in 1998 as a wholly owned subsidiary of the Presbyterian Church (U.S.A.) Foundation. The firm provides investment management, trust administration, and financial planning services to PC(USA) congregations, denominational institutions (e.g., child welfare, affordable housing, Native American ministries, seminaries), and individual Presbyterian members, with all mandates aligned to the PC(USA) Social Witness Policies for Investments.

NCTC's core products include Investment Services, Trust Services, and Financial Planning, augmented by Values-Based Investing with denominational screens (weapons, tobacco, for-profit prisons, gaming, alcohol, human-rights violators) and an opt-in Fossil Fuel Free SMA Strategy implemented via an S&P 500-sampled 102-stock portfolio. Underlying technology consists of separately managed account model portfolios, an Investment Policy Statement (IPS) framework that embeds MRTI divestment criteria, proxy voting consistent with church values, and ESG data sourced from the ISS Ethix metrics database; the New Covenant Funds mutual fund family (SEI-sponsored, SIMC-advised) extends these values into a packaged retail-product channel.

The business model is fee-based and recurring, anchored on assets under management (more than half of revenue is sourced from trust-side AUM, per Tim Clark commentary), supplemented by trust administration, charitable-gift, and consultative financial-planning fees. Pricing is not publicly disclosed and engagements are quote-based, with the firm's website explicitly withholding service detail to drive a consultative conversation. Distribution is exclusively direct/consultative, supported by warm referrals from the Foundation's 11 Ministry Relations Officers, with no self-service digital onboarding, marketplace, or reseller channels. AUM has grown from roughly $50 million in 2010 to over $600 million today across "hundreds" of church clients, with a staff of 11-50 carrying 257+ years of combined experience.

Name

New Covenant Trust Company

Legal name

New Covenant Trust Company, N.A.

Website

https://newcovenanttrust.com

Company type

Private

Founded year

1998

Operating status

Operating

Headcount range

11–50 employees

Short description

New Covenant Trust Company is an OCC-chartered trust bank and wholly owned subsidiary of the Presbyterian Church (U.S.A.) Foundation that provides faith-aligned investment management, trust administration, and financial planning to PC(USA) congregations, church institutions, and individual members.

Ownership category

akta.pro rank

Product category

Trust and Investment Services

NAICS

Religious, Grantmaking, Civic, Professional, and Similar Organizations (813), Open-End Investment Funds (525910)

SIC

Finance Services (6199)

akta.pro primary industry

Corporate & Institutional Trust Services (FSAAANAB)

akta.pro secondary industries

Philanthropic & Charitable Trust Services (FSAAANAI), Corporate Trust Services (Trustee, Agent & Escrow Roles) (FSAEAKAB)

Keywords

• Trust services
• Investment management
• Values-based investing
• Endowment management
• Faith-based banking

Headquarters

HQ city

Jeffersonville

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Investment Management Fees: Full-service financial planning, investment management and trust services with fees likely based on assets under management (AUM). No additional cost for values-based investing customization services.
2. Trust Services: Trust administration services for church institutions and individual clients, including endowment-restricted investments. PHFC draws 5% annual distribution from endowment funds managed by NCTC.

Pricing tiers

Go-to-market motion3 records

Distribution channels2 records

Marketing channels6 records

Core offering

New Covenant Trust Company is a limited-purpose OCC-chartered trust bank that provides full-service financial planning, investment management, and trust administration services to Presbyterian churches, church institutions, and individual church members. The firm applies values-based screening aligned with the Presbyterian Church (U.S.A.) Social Witness Policies, including a Fossil Fuel Free investment option, and manages endowed, restricted, and individual portfolios on a customized basis.

Product overview

New Covenant Trust Company (NCTC) offers a unified suite of faith-based financial services centered on investment management, trust services, and financial planning for Presbyterian churches and individual clients. The core offering includes Investment Services and Trust Services, supported by values-based investing strategies that screen investments according to Presbyterian Church (U.S.A.) Social Witness Policies. NCTC provides the Fossil Fuel Free Strategy as an add-on to their core equity portfolio, and connects clients to New Covenant Funds mutual fund family. Additional services include Capital Markets newsletter, Planned Giving Navigator, Stewardship Navigator, Church Financial Leadership Academy, FaithX Project, and a password-protected Client Resource Library.

Differentiator

Problem solved

Functional benefit

Brands

• New Covenant Funds: A mutual fund family sponsored by SEI and advised by SEI Investments Management Corporation (SIMC), managed in alignment with Presbyterian Church (U.S.A.) social witness principles.

Products and services

• Investment Services Full-service investment management for Presbyterian churches, church institutions, and individual church members, aligned with Presbyterian Church (U.S.A.) values and Social Witness Policies.
• Trust Services Trust administration and management services for church institutions and individual clients, including endowment management and charitable trust services, with 5% annual distributions typical for institutional endowments.
• Financial Planning Consultative and collaborative financial planning solutions customized to the specific needs and goals of church institutions and individual church members.
• Values-Based Investing Socially responsible investing offering that identifies corporations to avoid (including tobacco, firearms, and fossil fuel emissions) and screens for ESG policies aligned with Presbyterian Church values.
• Fossil Fuel Free Strategy Passively managed S&P 500 tracking strategy that excludes military/civilian weapons, tobacco, for-profit prisons, gaming, alcohol, human rights violators, and fossil fuel producers, structured as a 102-stock sampled and market-cap weighted portfolio.
• New Covenant Funds Mutual fund family striving to comply with Presbyterian Church (U.S.A.) social witness principles; NCTC provides shareholder servicing and social screening for the funds.

Quantifiable outcome

• Assets under management grew from ~$50M in 2010 to $600M+ today
• +2 more outcomes

Named customers4 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Three partnerships are on record, tiered core and minor.

• Presbyterian Church (U.S.A.) FoundationcoreStrategic or Co-development Partner · 1 January 1998NCTC was established as a wholly owned subsidiary of the Foundation in 1998. This parent organization strengthens congregations, mission and ministry by developing gifts and managing funds. NCTC provides investment management services while Foundation provides fundraising support, educational tools, and 11 Ministry Relations Officers who help connect church clients with NCTC.
• New Covenant Funds (SEI)minorStrategic or Co-development PartnerNew Covenant Funds is a mutual fund family that NCTC provides shareholder and social witness services to. Funds strive to comply with PC(USA) social witness principles. Sponsored by SEI and advised by SEI Investments Management Corporation (SIMC).
• Horizons StewardshipminorChannel Partner/ Reseller/ DistributorPartnership through Presbyterian Foundation for capital campaign and fundraising appeal support services available to NCTC clients.

Scale indicators5 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• GuideStone Financial Resources: Southern Baptist-affiliated financial services organization providing investment management, retirement planning, and insurance to ministry families and institutions. Structurally analogous to NCTC as a denominationally-affiliated asset manager with values-based screening, making it the closest direct peer.
• National Christian Foundation: Donor-advised fund and charitable giving platform serving Christian donors and ministries. Comparable target market (faith-based givers and institutions) and overlap with NCTC's charitable gift and planned giving services.
• Ronald Blue Trust: Faith-based financial planning and investment management firm serving Christian families, individuals, and institutions. Comparable in its Christian-aligned investing philosophy, consultative delivery model, and integration with broader stewardship education resources.
• Charities Aid Foundation America: Charitable giving and donor-advised fund administrator serving faith-based and secular nonprofits. Overlaps with NCTC's charitable gift and planned giving services and shares a similar nonprofit-organization customer segment.

Emerging players

• Eventide Funds: Values-based mutual fund manager emphasizing faith-driven investing with both returns and social impact. Comparable values-alignment proposition but operating as a mutual fund sponsor rather than a trust/advisory firm.
• Cornerstone Capital Group: Values-aligned investment advisory firm integrating ESG and faith/impact considerations. Comparable values-aligned investment philosophy, though focused more broadly on institutional and family office clients.
• Praxis Mutual Funds: Faith-based mutual fund family applying biblical values to investment screens. Comparable values-based investment philosophy and Christian-aligned screening methodology, though distributed through mutual fund vehicles rather than trust/SMA structures like NCTC.
• Servant Financial: Faith-based wealth management firm serving Christian families, pastors, and ministry leaders with biblically responsible investing. Comparable niche focus on faith-aligned clients and small-firm consultative delivery model.

Broad incumbents

• TIAA: Major institutional asset manager and retirement provider serving nonprofits, academic, and faith-based institutions. Comparable institutional client base and nonprofit/ministry endowment management, though at vastly greater scale and with broader product breadth.
• SEI Investments: Diversified investment management and platform services firm. Directly relevant because SEI sponsors and advises the New Covenant Funds mutual fund family, and serves similar faith-based and institutional trust clients via its platform.

Market position

Strengths1 record

Weaknesses1 record

Competitive moat6 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/new-covenant-trust-company

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about New Covenant Trust Company