RIDER TO GLOBAL CUSTODY AGREEMENT CASH TRADE EXECUTION PRODUCT (UNITED STATES)

Exhibit 99.G.II

RIDER TO GLOBAL CUSTODY AGREEMENT
CASH TRADE EXECUTION PRODUCT
(UNITED STATES)

     This Rider to Global Custody Agreement (this “Rider”) supplements the Global Custody Agreement (the “Agreement”), dated 3/17/2005, between New Covenant Funds (“Customer”) and The JPMorgan Chase (“Bank”). Capitalized terms in this Rider that are not defined herein have the meaning set forth in the Agreement.

     Subject to the terms and conditions of this Rider, Bank shall place cash held in Customer’s Account(s) as of the applicable cut-off time listed on Schedule A to this Rider (“Schedule A”), which Customer has not notified Bank as being needed to settle pending trades or to effect Customer’s cash instructions, into short-term investments (including undivided interests in such investments held in common with other customers of Bank) of the type set forth on Schedule A (“Cash Instruments”). Customer shall remain fully responsible for overdrafts of the Deposit Account or the Custody Account resulting from the placement of cash in a Cash Instrument.

     The placement of cash into Cash Instruments shall be limited to cash held in the currencies, and shall be subject to the minimum balance requirements, set forth in Schedule A. Bank may enter into Cash Instrument transactions on Customer’s behalf with any of the counterparties listed on Schedule B to this Rider (“Schedule B”). Bank may make additions to and deletions from Schedules A or B, provided that (i) Customer must consent to the addition of any type of instrument to those eligible as Cash Instruments and (ii) Customer must approve any additions of counterparties listed in Schedule B. Customer may instruct Bank to delete any of the counterparties listed in Schedule B.

     Customer’s interest in any Cash Instrument shall be an asset of the Accounts and shall be subject to the terms and conditions imposed by the applicable counterparty, local law, or local governmental authorities. Bank shall not perform tax reclaim services with respect to Cash Instruments purchased under this Rider. Cash Instruments are not liabilities of or guaranteed by Bank. Bank shall not be responsible for any losses incurred by Customer in the event of the insolvency or failure of any counterparty with respect to a Cash Instrument.

     Bank shall be entitled to an administration fee for placing Customer’s cash in Cash Instruments, which shall be paid out of interest paid on Customer’s undivided interest in the various Cash Instruments. Any interest earnings on Cash Instruments reflected on statements or confirmations shall be net of Bank’s administrative fee. Upon request, Bank shall disclose the fees charged with respect to Cash Instruments without charge to Customer.

     This Rider can be terminated by Bank or Customer upon written notice in the same manner as set forth in the Agreement. In the event of a conflict of the terms hereof and the terms of the Agreement, the terms hereof shall govern.

JPMORGAN CHASE BANK				CUSTOMER
By:		/s/ Xxxxxxx X. Xxxxxx		By:		/s/ Xxxxx X. Xxxxxxx
Title: Vice President				Title: Vice President

Schedule A (United States Contract) ⁽¹⁾
Currencies and Instruments Used for Cash Trade Execution

				EST Cash Sweep Time
Currency		Minimum Balance		(Subject to change on notice by the Bank)
US Dollar		NONE		3:00 PM Same Day

Cash Instruments:

Cash Instrument		Maximum Maturity
Time Deposit (including CDs)		90 days
Repurchase Agreements (2)		60 days

Effective Date:                     5/17/2005

Initials (Required only for revisions adding types of eligible Cash Instruments)

The Company ⁽³⁾:         /s/AJC

The Bank:                      /s/XXX

(1) Subject to change on notice by the Bank, except that the Customer must consent to the addition of any eligible Cash Instrument.

(2) Repurchase agreements will be secured by collateral that is deemed acceptable to the Bank*. The value of the instruments collateralizing the repurchase agreement shall be at least equal to the resale price multiplied by at least 102%, measured at the time into which the repurchase agreement is entered.

(3) Company’s initials required only for initial version of this Schedule and additions of eligible Cash Instruments.

* Bills, bonds or notes issued by the United States Treasury, or other securities guaranteed as to principal and interest by the Government of the United States, its agencies, instrumentalities or establishments; mortgage-backed securities sponsored by agencies of the Government of the Unites States; corporate obligations of domestic and foreign issuers with a minimum rating of AA by Standard & Poor’s Corporation (“S&P”) or Aa by Xxxxx’x Investor Services, Inc. (“Moody’s”); asset-backed securities with a minimum rating of AAA by S&P or Aaa by Moody’s; or money market instruments (including, but not limited to, certificates of deposit, bank notes, deposit notes, bankers’ acceptances and commercial paper issued by domestic issuers with a minimum rating of A-1 by S&P and P-1 by Moody’s), and sovereign bonds of EMU countries representing the full faith and credit of the issuing country, including bonds issued by the IBRD and EBRD.

Schedule B (United States Contract) ⁽⁴⁾
Counterparty List

Issuers		Issuers
Abbey National PLC		Danske Bank A/S
Abbey National Treasury Services PLC		Den Norske Bank
ABN-AMRO Bank Canada		Depfa Bank Europe PLC
ABN-AMRO Bank N.V.		Deutsche Bank (Canada)
Alliance & Leicester PLC		Deutsche Bank AG
Allianz AG		Dexia Bank Belgium
Allied Irish Banks PLC		Dexia Banque Internationale A Luxembourg SA
American Express Centurion Bank		Discover Bank
Australia and New Zealand Banking Group, Ltd		Dresdner Bank AG
Banca Monte dei Paschi di Siena SpA		Dresdner Bank, Canada
Banca Popolare di Verona		European Bank Recon & Dev
Banco Bilbao Vizcaya Argentaria, S.A.		European Investment Bank
Banco Santander Central Hispano SA		Fifth Third Bank
Bank Brussels Xxxxxxx		First USA Bank National Association
Bank Nederlandse Gemeenten (BNG)		Fleet National Bank
Bank of America Canada		Fortis Bank (Fortis Banque SA)
Bank of America, National Association		Hamburgische Landesbank
Bank of Ireland		Xxxxxx Trust & Savings Bank
Bank of Montreal		HBOS Treasury Services PLC (Halifax & Bank of Scotland)
Bank of New York		HSBC Bank PLC
Bank of New Zealand		ING Bank NV
Bank of Nova Scotia		XX Xxxxxx Xxxxx Bank
Bank of the West		KBC Bank N.V.
Bank of Western Australia		KeyBank National Association
Bank One N.A. (Columbus)		Landesbank Baden-Wuerttemberg
Bank One, NA (Chicago)		Landesbank Hessen-Thuringen Girozentrale
Banque et Caisse D “Epargne de L”Etat		Landesbank Rheinland-Pfalz Girozentrale
Banque Federale des Banques Populaires		Landesbank Schleswig Holstein
Banque Federative du Credit Mutuel		Landwirtschaft Rentenbank
Banque Generale du Luxembourg X.X.		XxXxxxx Bank NA
Barclays Bank of Canada		Lloyds TSB Bank PLC
Barclays Bank PLC		Macquarie Bank Ltd
Bayerische Landesbank Girozentrale		Mellon Bank N.A. (Pittsburgh)
BNP Paribas		Natexis Banques Populaires
BNP Paribas (Canada)		National Bank of Canada
Bradford & Bingley Building Society		National City Bank, Cleveland
Branch Banking & Trust Co.		National City Bank of Indiana
Caisse Centrale du Credit Immobilier de France		National City Bank of Kentucky
Caisse Damortissement De La Dette Sociale		National Westminster Bank of Canada
Caisse des Depots et Consignations		National Westminster Bank PLC
Credit Agricole Indosuez SA		Nationwide Building Society
Caisse Nationale des Caisses D’ Epargne et de Caixa		Norddeutsche Landesbank Girozentrale
Geral de Depositos		Norddeutsche Landesbank Luxembourg SA
Caja De Madrid Bank		Nordea Bank Denmark A/S
Canadian Imperial Bank of Commerce		Nordea Bank Finland Plc
CDC IXIS		Nordea Bank Norge ASA
CDC Ixis Capital Markets		Nordea Bank Sweden AB
Citibank Canada		Northern Rock
Citibank N.A.		Northern Trust Co.
Columbus Bank & Trust Co.		PNC Bank NA
Comerica Bank		Rabobank Nederland NV
Commonwealth Bank of Australia Ltd.		Regions Bank
Credit Commercial de France		Royal Bank of Canada
Credit Industriel Et Commercial		Royal Bank of Scotland PLC
Credit Suisse First Boston (Swiss Bank)

Issuers		Issuers
San Paolo IMI SpA		Wachovia Bank National Association
SNS Bank Nederland NV		Xxxxx Fargo Bank Minnesota N.A.
Societe Generale		Xxxxx Fargo Bank, N.A. (San Francisco)
Societe Generale, Montreal		Westdeutsche Landesbank Girozentrale
Standard Federal Bank		Westpac Banking Corp.
State Street Bank & Trust Co.		World Savings and Loan Assoc.
SunTrust Bank		World Savings Bank, FSBNational Australia Bank Ltd
Svenska Handelsbanken
Swedbank
Toronto Dominion Bank LTD
UBS AG
Ulster Bank Ltd.
Unicredito Italiano Spa
XX Xxxx XX
XX Xxxxxxx Xxxxxx Xxxxx

Xxxxxxxx X (Xxxxxx Xxxxxx Contract) ⁽⁴⁾
Counterparty List (continued)

Repurchase Agreement Counterparties ⁽⁵⁾
ABN-AMRO Inc.
Barclays Capital Inc.
Bear Xxxxxxx & Co. Inc.
BNP Paribas Securities Corp
Credit Suisse First Boston LLC
Credit Suisse First Boston Corp.
Xxxxxxxxx Lufkin & Xxxxxxxx Securities Corp.
FIMAT USA Inc.
Xxxxxxx Sachs & Co.
Xxxxxxx Xxxxx International
Greenwich Capital Markets, Inc.
HSBC Securities (USA) Inc.
XX Xxxxxx Chase & Co.
Xxxxxx Brothers Inc.
Xxxxxx Brothers International Eurpoe
Xxxxxxx Xxxxx & Co. Inc.
Xxxxxxx Xxxxx International
Xxxxxx Xxxxxxx & Co. Incorporated
Nomura Securities Co. International Inc.
Xxxxx Xxxxxx Group Inc.
Xxxxxxxx
Xxxxxxx Xxxxx Xxxxxx Inc.
Xxxxxxx Xxxxxxxx International Ltd.
Societe Generale
UBS Warburg LLC
Westdeutsche Landesbank Girozentrale

(4)		Subject to change on notice by the Bank, except that the Customer may direct the Bank in writing not to enter into Cash Instrument transactions with specified counterparties.
(5)		Securities purchased under repurchase agreements may be held with other custodial banks under tri-party arrangements.