Description
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 recorded session, Joe Lantz, Managing Director at PANO partner Shorebridge Wealth Management, reviews 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 – tune in to this recording 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.
Once you have purchased this webinar, you will be emailed the link and password to access the video, along with a link to download any supporting materials (e.g., copy of the PowerPoint, handouts, etc.). This email will be sent to the address that you list when you check out. If you have any questions, please contact PANO’s Assistant Director, Christina Spadaro, at christina@pano.org or 717-839-6560.
