Well, it’s been a wild ride in the stock market this week for nonprofit investors, much like living at home with a teenager, I’ve still got one of my own here. But we’ve all been teenagers once upon a time, we’ve been cold, one minute, hot and bothered the next up, down. And that’s a lot of what we’ve been experiencing in the market this week. But here at Fairlight advisors, we sit down with our nonprofit endowment clients, and we review the financial plan we created at the beginning, we always make sure we look at the short term, medium term and long term time horizon and allocate the funds according accordingly. So we have clients who have reserves, rainy day funds, and then their long term investments. Some actions that nonprofit leaders can take at this time, is looking at whether you want to take your four or 5% distribution from your board fund or your endowment this year, or if you’d like to wait another year to decide if you’re going to take that distribution, given that that the markets in bear territory this year, some other actions folks are taking is looking at non-essential expenses in the nonprofit budget. Are there potential opportunities to trim? Are there ways to do more optimization with technology with staff? So there are opportunities here at this time, even though it is looking like it’s a very volatile time. Please reach out we’ll sit down with you. We’re always ready to have a conversation.
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