Today's nonprofit organizations, whether operating under a religious, educational, medical, social or fraternal mandate, have essential operationg requirements. These often include the important responsibility of structuring and managing investment portfolios to maximize returns within an accepted range of risk.
Our institutional services group places a strong emphasis on helping nonprofit organizations attain their long-term financial goals through customized investment solutions. Our primary focus in on building a financial services partnership that fosters the healthy growth and management of a client's financial resources. By guiding clients in the construction of a portfolio that balances risk and return, we help design an appropriate asset allocation strategy.
Beyond investment management, we take on the added challenge of accounting for donor and fund gifts. Our sub-accounting services greatly simpllify that task and provide our clients, their professional staffs and their boards the information they depend on to manage their gift programs. In addition, we consult with clients to help them create appropriately-designed spending policies and discuss development ideas that better focus their fundraising efforts.
Investment services for the nonprofit community include:
Endowment Funds
For non-profit institutions, such as churches, colleges and universities, fire companies, and other 501(c) organizations, seeking professional and customized management of their endowment portfolios. We serve as trustee or as investment manager, providing advice in the design of the trust agreement and working closely with the organization to understand its particular financial objectives.
Foundation Accounts
Accounts established to support a charitable institution which are generally funded by donations.
Charitable Remainder Trusts
Charitable trusts offer an attractive, tax-free means of converting assets with a very low cost basis (often paying little or no income), into a significantly higher income stream. When the trust is funded, the grantor receives an immediate and usually sizable charitable deduction. The size of the deduction is based on the duration of the trust and the percentage of income the grantor specifies. Upon the sale of trust assets, capital gains taxes are deferred or permanently avoided altogether. Examples of assets ideally suited for this strategy are real estate and low-yielding stock with a very low tax cost. Even with all their tax benefits, charitable remainder trusts generally make sense only for those grantors with a strong charitabl intent.