Maximizing Charitable Impact: Practical Steps for Growing Nonprofit Funds
The article discusses how nonprofit organizations can effectively grow their charitable funds through investment policies. It explains the importance of having clear guidelines for investing, considering legal and modern portfolio theory aspects. The article also covers key internal components of investing, hiring help, and tracking investment performance. It highlights how investment policies can be used as a fundraising tool and addresses unique challenges faced by nonprofits. Overall, the article provides practical steps for nonprofits to manage their investments and maximize their charitable impact.