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Live Webinar

90-minute live streaming program
  • January 20
  • 1:00 - 2:30 pm EST

Creating Fiscal Policies for Your Nonprofit: Investment Policies and Reserve Funds

January 20

Protect your constituents, stakeholders and yourself by understanding the rules and best practices associated with investment policies and reserves.

Nonprofits of all types and sizes are entrusted by donors, members and other organizational supporters with fiduciary oversight over reserves and endowments for use in achieving their missions. Ensuring the proper policies, management and governance oversight associated with these funds; typically the most significant and liquid asset of any nonprofit, is essential to stakeholders and public confidence as well as legal and regulatory compliance. It is therefore key for nonprofit financial management professionals and those charged with governance over these funds to understand the rules and best practices associated with investment policies and reserves to protect their constituents, stakeholders and themselves.

Learning Objectives

  • You will be able to discuss the nature, purpose and accountabilities associated with nonprofit investments and reserves.
  • You will be able to review the proper role of a nonprofit’s management officers, directors, finance and investment committees in setting and implementing sound investment and reserves policies.
  • You will be able to recognize accepted industry benchmarks for budgeted reserve amounts and targets.
  • You will be able to identify common pitfalls in the design and implementation of investment and reserve policies.

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Why Lorman?

Over 33 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Agenda

The Nature of Nonprofit Investments and Reserves
  • Define Reserves and Why They Are Needed
  • Describe the Current Environment
Managing for Sustainability
  • Reserves and Your Strategic Plan
Focus on Stewardship
  • Essential Investment Policies
  • Evaluating Performance
Common Pitfalls - Samples
Conclusion
  • Further Information
  • Sample Policies and Tools
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Why Lorman?

Over 33 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Credits

Live Webinar Registration

  • CPE 1.8 including Finance 1.8
     
  • Lorman Education Services is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its web site: https://www.nasbaregistry.org/cpas/complaints. For more information regarding administrative policies such as complaint and refund, please contact our offices at 866-352-9539. CPE Credit: Maximum Credit Hours: 1.8 each session (based on a 50 minute credit hour). You must attend at least 50 minutes to obtain credit. Field of Study: Finance for 1.8 hours. Prerequisite: . Level of Knowledge: Intermediate. Teaching Method: Seminar/Lecture. Advance Preparation: None. Delivery Method: Group Internet Based. Please refer to the information in this brochure for outline, course content and objectives. Upon completion of this course, you will receive a certificate of attendance. Final approval of a course for CPE credit belongs with each state's regulatory board. Please note: In order to receive CPE credit for this course you MUST use the streaming audio option, as well as enable and complete the required progress checks.
     

Who should attend?

This live webinar is designed for accountants, CPAs, executive directors, officers, controllers, CFOs, board members, treasurers and tax managers.

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Why Lorman?

Over 33 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Faculty

Mona M. Birchfield, CPA

Mona M. Birchfield, CPA

CliftonLarsonAllen LLP

  • Manager in the Nonprofit Outsourcing Practice of CliftonLarsonAllen LLP
  • 18 years of experience, with 16 years being exclusively with not-for-profit organizations
  • Has comprehensive knowledge of all areas of not-for-profit accounting including audit, regulation, accounting services, and consulting
  • A wealth of experience in developing accounting policies and procedures manuals, and finance and accounting systems
  • Specializes in Intacct and Bill.com, and is certified in both; she also holds a Not-for-Profit I and II certificate from the American Institute of CPAs, for which she has been a member of since 2010
  • A volunteer of American Corporate Partners; American Corporate Partners (ACP) is a 501(c)3 organization focused on helping returning veterans find their next careers through one-on-one mentoring, networking and online career advice
  • Technical experience includes cloud-based financial management systems and nonprofit entities
  • M.S. degree in interdisciplinary studies, University of Maryland, College Park, MD; B.S. degree in accounting, with a minor in business administration, University of Maryland, College Park, MD
  • Can be contacted at 571-227-9546 or [email protected]
Christopher M. Schuch, MBA, CFP®

Christopher M. Schuch, MBA, CFP®

CliftonLarsonAllen

  • Senior wealth advisor with CliftonLarsonAllen LLP
  • He works with individuals to provide financial planning, investment and insurance services; he also works with CLA’s Institutional Investment and Retirement Plan teams to assist organizations with investing reserves, strategic planning, developing investment policy statements, and designing and implementing retirement plans
  • Since joining CLAWA he has worked closely in the firm’s Public Sector Group, not-for-profit and other institutional clients to review retirement plans and institutional reserve/operating accounts; specifically reviewing Investment Policy Statements and strategic goals to help ensure that investment assets are working for organizations in a manner that furthers their mission and vision
  • Prior to joining CLAWA in 2012, he worked with J.P. Morgan Chase as part of the Private Wealth Management group
  • A Certified Financial Planner™ and holds FINRA Series 7, 63 and 65 licenses
  • B.S. degree in business administration, Elizabethtown College
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Why Lorman?

Over 33 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

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Product ID: 406586
Published 2021
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