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
