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Reply To: Reserves are great to have – how to invest and manage them
Mark, I would only say they’re reluctant to invest the small amount of money that is being held as an emergency fund, say 3-6 months…
Reply To: Reserves are great to have – how to invest and manage them
We have a not-for-profit budget of $6.5 mil. We run an overnight camp and a day camp, as well as some mission run retreats. Our…
Reply To: Reserves are great to have – how to invest and manage them
Thanks, Jennifer, this is a great example of an option that doesn’t require a while investment policy review and risk management. Banks offer sweep accounts…
Reply To: Reserves are great to have – how to invest and manage them
I agree, Dana, this is an important factor for many nonprofits. I’ve seen it addressed at two points in the process – the selection of…
Reply To: Reserves are great to have – how to invest and manage them
I think this is a big point. Nonprofits that are willing to make standard investment risks (along the lines that people typically do with their…
Reply To: Reserves are great to have – how to invest and manage them
I am the CEO of a nonprofit with a large endowment and a much smaller Board designated reserve fund, We have a Board investment committee…
Reply To: Reserves are great to have – how to invest and manage them
At our non-profit, we are pretty risk-adverse and don’t do investing beyond CDs and savings accounts, and while I know it’s barely bringing in any…
Reply To: Reserves are great to have – how to invest and manage them
Wade: I’d love to hear more about this. Being responsible with money is laudable, but sticking it in a mattress isn’t good stewardship. You’ve found…
Reply To: Reserves are great to have – how to invest and manage them
As a Board Treasurer and nonprofit consultant, I certainly understand the importance of having the right team/resources to manage to reserve funds to effectively manage…
Reply To: Reserves are great to have – how to invest and manage them
I work primarily with very small organizations (up to $2M budget) who are mostly taking baby steps toward building reserves – once we establish what…