Nonprofits Reluctant to Raid Investments for Short-Term Needs
May 11, 2021
Nonprofit leaders often use investments to supplement their revenue. But the holdings in an organization’s portfolios aren’t necessarily intended for the large, quick fixes increasingly required as a result of the coronavirus pandemic.
Among organizations with investment holdings, 94% of financial managers view them as having long-term horizons, and 78% plan to maintain their portfolios in perpetuity, according to the annual Endowment & Foundation Survey from financial advisory firm Captrust Financial Advisors in Raleigh, N.C. Captrust Financial Advisors based its findings on survey responses from 171 managers at nonprofits.
These plans are coming under strain. The coronavirus pandemic spurred a variety of finance-based responses within nonprofits. More than three in 10 managers (31%) reported suspending or terminating programs or services. Granted, the same percentage reported increasing programs or s
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Among foundations and endowments that don t incorporate ESG, impact or mission-aligned strategies, nearly half of them haven t even considered doing so, according to the results of the most recent Endowment & Foundation Survey from CAPTRUST Financial Advisors.
The annual survey, which collected responses from 171 nonprofit organizations in August and September, showed that 31% are currently allocating assets to environmental, social and governance; impact; or mission-aligned strategies. But of those that aren t, 47% signaled that those strategies have not even been considered.
Reasons that respondents gave for not moving forward with such strategies is lack of a defined solution (23%) and complexity (16%), while expense (3%) and lack of manager track record (2%) were lower on the list of concerns.
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