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Community | Endowments: Managing, Oversight, Governance, and Investment Policies

What is the appropriate fiduciary role for a nonprofit board in overseeing a nonprofit’s investment process? What principles govern the investment of a nonprofit’s endowment? How do a nonprofit’s investment strategies relate to its needs and mission related activities? 

Join Kathy Keeley of GCN, William Jarvis of Bank of America, Mary Ellen Garrett of Merrill Lynch, Michael Dunlap of Center for Puppetry Arts, and Randy Shrum of Marshall Jones for a live, interactive, online panel discussion on managing endowments. We will explore the topics above and more, as presented in Bank of America’s guide The First Principles of Governance: Understanding Your Role on a Nonprofit Board.

KEY CONCEPTS

  • Discernment: Understanding your organization's sources of funding and endowments.
  • Fiduciary duties: Know the rules. The legal principles that govern investment of endowment assets, the duties of fiduciaries in governance of the investment process, and the role of investment policy in the governance of endowments.
  • Portfolio construction: The rationale underlying diversification in investing, the financial function of different types of investments in a range of typical nonprofit portfolios, and considerations that influence how investment portfolios are constructed.
  • Governance: Fulfil the role. The endowment management models currently in use, their characteristics and relationship to the fiduciary role. The four tools of prudent governance and commonly used endowment management structures will also be discussed.

Kathy Keeley, Executive Vice President of Programs at GCN, has broad experience as a social entrepreneur, city official, and director of multiple nonprofits and for-profits. Over 35-plus years as a consultant, she has turned around struggling ventures, helped launch new companies, and given established successes new pathways to efficiency and expansion. Learn more.

Mary Ellen Garrett, Senior Vice President and Wealth Management Advisor at The Garrett Group, has provided clients with 37 years of solid industry experience at Merrill Lynch. Within Merrill Lynch, The Garrett Group is a leader in the firm's wealth management line of business, striving to offer exceptional capabilities in wealth planning and investment and financial management to high net worth individuals, families, family offices, corporations, charitable gift programs, endowments and foundations.

R. Michael Dunlap, Treasurer and Finance Chair for the Center for Puppetry Arts board of directors, as well as a former board chairman, amassed more than 30 years in Atlanta’s commercial banking sector before retiring in 2021.

Randy Shrum, Audit Partner at Marshall Jones, has spent over 25 years in public accounting, with the bulk of his career focused on the nonprofit, manufacturing, and construction sectors. His experience includes financial statement audits, implementing new reporting standards, internal control improvement, governance, and federal grant compliance.

Williams Jarvis heads strategic thought leadership for institutional and private nonprofit organizations in Bank of America’s Endowment and Foundation Group. An authority on investment policy and governance for endowed nonprofit organizations, Bill brings 39 years of experience to this role.

Marshall Jones | Certified Public Accountants and Advisors

 

 

 

Program Stats:

Date

September 30, 2021

Time

4:00 pm - 5:00 pm EDT

Address

Online Class
You will receive log-in information after registering for the course.

Registration Details

Fees
Free Community Event

Audience
Public - create free account to register