Nonprofits

Here is a brief paragraph that explains Nonprofits. Here are the items we cover:

• Nonprofit organizations have a clear purpose or mission and with this comes the responsibility of Public Trust. Part of the expectation from this Public Trust is that the investment management will be carefully planned and thought out. How this is done can vary dramatically from each entity depending on such things as ongoing contributions versus seasonal contributions, administrative expenses, fundraising expenditures, short-term and long-term goals.

• The Investment Process starts with understanding the nonprofit’s mission and its governing board’s goals & objectives. This includes reviewing the current portfolio and the cash flow demands.

• An Investment Plan is prepared. The investment policy is reviewed and changes, if any, are recommended to the Chief Executive and staff for implementation. This includes a review of the Asset Allocation along with the investment policy.

• An overall Investment Strategy is developed along with a Bond Portfolio Strategy and an Equity Portfolio Strategy if appropriate. The Bond Portfolio is invested based on the desired average maturity, along with minimizing credit risk and interest rate risk. The Equity Portfolio, if appropriate, is invested based on the desired allocations to Domestic/International, Large Cap/ Small Cap, and Growth/Value.

• The Investment Approach that is taken is to provide for Safety of Principal, Portfolio Diversification, Minimize Risk, create a Maturity Schedule that is known along with Cash Flows that are predictable.

• On going reporting is provided with monthly statements along with quarterly reports. Quarterly reports include a review of the portfolio and performance is compared to the appropriate benchmarks.

• The Quarterly Reports are presented to the Chief Executive & staff and reviewed.