Watch Rob Roquitte, CFA deliver his First Quarter Market Commentary
Has your organization’s cash outgrown its current spending needs? If so, it may be a good time to put that money to work for your nonprofit’s mission by creating an investment account. Our new resource, “A Nonprofit’s Guide to Structuring Investment Accounts” walks through how to consider the right type of account for your organization.
While your board has a fiduciary responsibility for your nonprofit’s assets, investment oversight authority is often delegated to a finance or investment committee. This checklist will guide your committee through six topics that should be reviewed regularly: Committee Charter, Spending Policy, Investment Policy Statement, Investment Fees, Conflict of Interest, and Access to Records.
Finding an advisor to manage your nonprofit's investments could include issuing a Request for Proposal (RFP). This 3-part guide covers what to include in your RFP to ensure timely and complete responses and an RFP Template to help get started.
An Investment Spending Policy helps ensure your nonprofit organization is on the same page when it comes to your endowment spending. It covers topics including who has discretion over distributions, what the spending rate of the endowment should be, and what is considered a qualified expenditure.
Have you reviewed your Investment Policy Statement lately? A clearly articulated Investment Policy Statement (IPS) helps meet your fiduciary obligations and acts as a roadmap for oversight of your organization’s assets.
The Committee Charter is a key element of a successful oversight group and outlines the authority, roles, and responsibilities of the committee. Committee Charters help ensure you’re meeting your fiduciary duties.
A well-written Conflict of Interest Policy provides security to your organization. It helps manage personal conflicts of interest among leaders of the organization protecting your organization from a loss in reputation, donor gifts, and potential legal action.
One of the key responsibilities of the board is to ensure that the funds are managed in a responsible and prudent manner. This typically involves selecting an advisor who can guide the board and help them fulfill their fiduciary duty - ideally an advisor who will act as a co-fiduciary.
