Money Management: Conflicts of Interest

Frequently boards find themselves depending on outside professionals and volunteers to provide them with the information they require if they are to discharge their responsibilities to their not-for-profit organizations effectively. Boards should remember there are questions they need to ask of their money managers and their consultants, and most importantly, of themselves. This article will…

Developing the Investment Policy Statement

Any organization that has investments needs an investment policy statement. It is the document that articulates the investment objectives and constraints of the organization and is equally valuable whether investments are handled internally or by an external manager. An investment policy statement can be thought of as a job description for the investment manager. You…