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Changes to DIT Spending rate for 2017

The Trustees of the Diocese are responsible for the oversight of approximately $40 million of the total of $56 million of funds that are invested in the Diocesan Investment Trust (DIT).

At its meeting on September 14, 2016, the Trustees voted to increase the spending rate it uses in determining the annual amount of funds it will withdraw from its investments from 4.0% to 4.25%, effective January 1, 2017.

Churches that invest in the DIT that wish to change its method of withdrawal may do so by contacting Noel Garcia at ngarcia@dioceseofnewark.org who can provide the appropriate form to be completed.

Information about the performance of the DIT funds and its current asset allocation policy can be found at dioceseofnewark.org/dit.

Resource Date: 
Oct 28, 2016