In these chaotic economic times, it’s important that your nonprofit’s financial plan to address how easily the organization can access cash. Here are three things nonprofits should know about emergency reserve cash.
As volunteer fundraisers and nonprofit board directors, we have seen first-hand how the lack of understanding or definition of board members roles, specifically the Finance Chair or Board Treasurer, can impact endowment management. Learn about the financial roles of a nonprofit board in the endowment management process and how to create a strong financial foundation for your nonprofit.
During market volatility, nonprofit leaders and board members can begin to get nervous about the endowments investments. While most nonprofits can refer to their investment policy for guidance, it also helps to remember three important concepts when reviewing your nonprofit’s long-term investment.
Nonprofit endowments need good investment committees. What happens when governance goes awry? Whether your nonprofit is launching an endowment, changing advisors for the endowment or growing your Finance or Investment Committee, it is important to have effective committees.
Might the US’s first place rank in philanthropy, coupled with its lead in innovation help push a new model to address the world’s most pressing economic, civil and environmental challenges?