Fiduciary Governance 101: Endowments, Investments, & More

Fiduciary Governance 101: Endowments, Investments, & More
Wednesday, February 5 | 10:00 AM – 11:00 AM | Webinar

Presented by: Joe Lantz, CFA, CAIA, Managing Director, Shorebridge Wealth Management

Offered in Partnership with: Shorebridge Wealth Management

Many of our region’s nonprofits oversee the investment of precious community assets. A critically important asset for many nonprofit organizations is their endowment (sometimes known as long-term investment fund). For some, this pool of financial assets is the difference between fulfilling their missions and being forced to lower their aspirations or even closing their doors. That makes wise management an essential task for those charged with responsibility for these funds: boards of trustees, members of the investment (or finance) committee, and senior staff members.

For many endowed nonprofits, the endowment is the financial bedrock of the institution both in terms of supporting current operations and enabling progress toward future goals.  How well those responsible for oversight practice strong financial governance can make a big difference in the fortunes of the organizations they guide:

• If they are dysfunctional or lax, the organization’s existence may be at risk.
• Functioning at a “middling” or “satisfactory” level will place the institution in the middle of pack—surviving but hardly thriving.

In this session, Joe Lantz, Managing Director at PANO partner Shorebridge Wealth Management, will review the primary ways that board members can fulfill their key fiduciary responsibilities, providing you guidance for identifying the fiduciary and governance practices to help your organization understand the concepts (and merits) of: 

• Developing prudent governance systems and investment policy statements
• Spending policies and asset allocations
• Fiduciary considerations for finance/investment committees
• Risks, issues, & concerns
• Managing ethical considerations in investing

If you serve a nonprofit in any investment stewardship capacity – staff, trustee/director, committee member – don’t miss this webinar for answers to all your questions about serving as a fiduciary as well as practical strategies for improving your board’s ability to fulfill this critical role.

Single Login Cost:
$30 per person for PANO Members | $66 per person for Not-Yet Members

Terms of Participation
Your purchase entitles you to a single login. Please do not share the login information with others, as it may interfere with your ability to join. If multiple individuals from your organization would like to view the webinar, please purchase separate tickets for each person or consider a group screening ticket (below).

Group Screening Cost (4-10 individuals):
$100 per group for PANO Members | $222 per group for Not-Yet Members

Terms of Participation
If you have 4-10 individuals interested in viewing the webinar, please have one person register selecting the group ticket. You can then enter the names and email addresses of up to 9 other individuals to add to your group ticket.

This option makes the most sense when you have 4-10 individuals interested in viewing the webinar. For fewer than 4 attendees, a single login ticket for each person is the most cost-effective option. For more than 10 attendees, please email Christina at christina@pano.org to discuss options.

Materials & Login Instructions:
Materials (PowerPoint and other handouts, if applicable), along with login instructions, will be emailed to attendees 24-48 hours prior to the date of the webinar. PANO uses Zoom as our webinar platform; you can familiarize yourself with Zoom and/or join a test meeting prior to this session.

Can’t attend? All registrants will receive a recording of the webinar following the live session!

About the Facilitator:

Joe Lantz, CFA, CAIA, Managing Director, Shorebridge Wealth Management

Joe supports Shorebridge’s institutional advisory and consulting business and has past experiences working with a wide variety of client types, including endowments, foundations, nonprofits, healthcare, pension, insurance, and defined contribution plans. Most recently, he spent 14 years as Vice President of Institutional and Analytical Services with Federated Hermes. Prior to that experience, he was an Institutional Relationship Manager with Allegiant Asset Management. Additionally, he had roles as a Portfolio Manager for PNC’s Charitable and Endowment Asset Management Group, Investment Research Analyst at Mellon Financial, and an Investment Consultant at Yanni-Bilkey Investment Consulting.

Joe has an MBA in finance from the University of Pittsburgh’s Katz Graduate School of Business and a Bachelor’s degree in accounting and finance from Duquesne University. He holds the Chartered Financial Analyst (CFA) designation and is also Chartered Alternatives Investment Analyst (CAIA).

Joe is active in the community and serves on the board and investment committee of Achieva Family Trust and investment committee of the United Way of Southwestern PA. He is a member of the CFA Society Pittsburgh and formerly served in Vice President and Treasurer board positions. He and his wife have a son, Evan, and he enjoys cycling and reading as pastimes.