[Kate]

Roger,

I had a memory of an earlier discussion on this topic and found it here. The gist of the discussion was comfort with money market funds that are liquid and invested in low risk cash type investments. Many nonprofits are earning decent extra income from their available liquid funds. https://nonprofitfinancials.org/forums/topic/reserves-are-great-to-have-how-to-invest-and-manage-them/