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Posts by Clint Patty, J.D.

Making the Move to an Endowment: Tips for the Small Nonprofit Organization

Making the Move to an Endowment: Tips for the Small Nonprofit Organization

The word “endowment” feels like one limited to large corporate charitable organizations, universities, and hospitals. However, nonprofits of nearly every size, large and small, operate endowments as a means to secure the long-term viability, mission, and legacy of their organizations.      Like individuals who set money aside for a rainy day or retirement,…

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How Nonprofits and Foundations Should Invest—Development of the Investment Policy Statement

Nonprofit and foundation board members owe the same fiduciary responsibilities to the management of assets as their for-profit counterparts. While outsourcing asset management to an independent, full-time fiduciary advisor can assist with the process, it is critical for nonprofit organizations to develop an appropriate Investment Policy Statement (IPS) to ensure that the limited resources of…

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Good Governance Tips for Non-Profits and Foundations

You might not guess that in the United States alone, non-profit corporations and foundations manage more than $5 trillion in assets. If U.S. non-profits and foundations were a country, they’d represent the 20th largest economic power in the world, wedged somewhere in between Argentina and Saudi Arabia.      Large or small, the institutional…

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