The Board’s Role in Managing Reserves, Investments and Endowments

Nonprofit boards and staff share the important fiduciary responsibility to manage their assets in an optimal way to fulfill the mission of their organizations.

Creating and funding reserves or an endowment may be an important strategy to set aside funds for the future, and can be a hallmark of financial sustainability. They can be an indispensable resource for covering escalating operating costs, strengthening organizational resilience, supporting important organizational initiatives, and building vibrant communities through material support. Reserves and endowments differ, so it is important to understand what the advantages of each may be, along with their administrative and fiduciary requirements.

Join three experts to discuss the ins and outs of managing your organization’s savings.