Fairlight Advisors LLC

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Gap in Board Member Expertise? Bring in a Special Advisor!

Fairlight Advisors

For a nonprofit, the strength of an organization’s governance structure makes a big difference in its long-term success. While passion for the mission is noble, the ability to manage finances prudently is equally essential. Not every board is equipped with members who have the financial acumen needed to navigate complex investment strategies, endowment management, or risk assessments. This is where the concept of Read More

When Your Nonprofit Should Consider Hiring Financial Experts

Fairlight Advisors

Every nonprofit starts with a vision—a powerful idea to make the world a better place. However, the road from an ambitious vision to real-world impact is fraught with practical challenges, not the least of which is financial management. The stakes are high, and maintaining the financial health of your organization is a requirement for sustaining and expanding your impact. Here’s a straightforward look at when and why Read More

A Modern Nonprofit Podcast: 501(c)3 management

Fairlight Advisors

The latest episode of "A Modern Nonprofit Podcast" features Maya Tussing, a financial professional and co-founder of Fairlight Advisors, who specializes in investing for nonprofit organizations. Maya and her team are dedicated to helping nonprofit organizations manage their investments effectively. In this episode, Maya shares valuable insights on various financial topics crucial for nonprofits, from understanding Read More

Endowment Spending Policies: Read The Fine Print

Every nonprofit organization benefits from endowments. They can provide financial stability and serve as a nest egg of capital to generate income. It’s important to remember that not all endowments are built the same. Managing and spending these funds needs a responsible and strategic approach. A well-defined endowment spending policy dictates how the funds are utilized and should align with the organization’s Read More

Why Target Date Funds in Your 403B?

Whether your nonprofit is starting a 403 B Plan or you are reviewing your retirement plan investments, having Target Date Funds in the line-up is a good thing. Why are Target Date Funds a good thing in a 403 B or Nonprofit Retirement Plan? At Fairlight, we often find nonprofit employees asking us questions like “Where should I put my money” and “How often do I need to look at my retirement plan”?  We also hear Read More

Time to Review Your Nonprofit’s 403b Retirement Plan

For those Chief Financial Officers who may have recently joined a nonprofit organization, you are likely wondering how to choose a 403b plan. As you review the current retirement plan, what are the important facts to know? Contact your Plan Administrator and your Investment Advisor so you can be briefed on the plan. Documents you should have on file for your review are: Summary Plan Description and Plan Read More

Are My Charitable Donations Having An Impact?

Levi XU Stock market investments are measured by returns, philanthropic investments by outcomes – the latter is far more complex. As one of the most philanthropic nations, the U.S. has had a long history of charitable giving and yet, in the past few years, there has been immense discussion about the impact of those gifts.  We’ve already covered how you can give strategically in a previous Read More