Nonprofit organizations must adapt to survive and thrive in today’s competitive environment. Partnering with a firm that can help you streamline financing, improve efficiency, and open lines of communication across the organization allows you to focus on your mission and achieve your goals.
Simplifying Finances
Nonprofit organizations typically work with a host of service providers – investment consultants, loan providers, planned giving providers, operating bank, risk management, and governance consultants, retirement plan providers, trust providers, and investment bankers.
We offer integrated wealth management, trust, and banking services designed to provide solutions for managing the financial needs of nonprofits.
Maximizing Endowments
If you are smart and strategic about money, your organization will attract more of it. Ensuring that your endowment or foundation assets are managed in alignment with the organization’s objectives is a vital part of proving to donors that they are making a good investment.
Our investment professionals can review your organization’s investment policy statement to determine if it is aligned with your objectives.
What Our Clients Are Saying
In the world of nonprofits, wealth is often defined by making a meaningful impact. The better we understand the WHY of their mission, the more effective we can be at helping them create a positive change.
Boston Private has played a huge role in ensuring that the 1,250 students we serve have access to the education that we are providing.
Nnenna Ude, CEO Match Charter Public School
Meet Jeanne. This is her WHY.
Jeanne Pinado is on a mission: to create hope, optimism, and a new sense of vitality in the Roxbury community of Boston. What better legacy to leave behind than something everyone can share.
They understand the work we do, they understand how powerful some of these projects are... Boston Private is an important partner.
Jeanne Pinado, CEO Madison Park Development Corporation
Case Study | Developing an Investment Policy Statement
The Investment Committee of a local non-profit organization sought guidance in managing their investment portfolio. They wanted to align their mission with their investments and need help developing a spending budget.
Our Solution
The Boston Private Client Advisor worked closely with the five members of the Investment Committee to gain a thorough understanding of the non-profit’s values and mission, including gaining a better idea of the monthly spending rate. They then worked together to draft a comprehensive Investment Policy Statement (IPS).
Related Services
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Asset Management |
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Nonprofit Lending |
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Demand Deposit & Money Market Accounts
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Cash Management Services |
Our Nonprofit Experts
Caring for a nonprofit can be a challenging endeavor. Balancing the needs and interests of board members, donors and beneficiaries while managing monthly cash-flow and maintaining responsible investments can often distract from your real purpose: to make a difference.
Our Thinking
Inflation and employment remain critical areas of focus for the Federal Reserve and Washington D.C. as politicians look to next year’s midterm elections. After a challenging September, equities roared back with an earnings season that is driving a wave of positive sentiment expected to last through the end of the year. The benefits of gold as a portfolio hedge are reexamined as inflation stakes its claim on the front burner.
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The IRS recently announced updated retirement plan contribution limits, effective 2022. It’s a great time to review your retirement accounts and consider adjusting your contributions to be sure you are taking advantage of the increased contribution limits. To see the IRS changes made for 2022, review our new contribution chart.
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When it comes to family finances, effective communication is critical for a healthy relationship. Sadly, money conflicts have led to a significant number of divorces among couples in the U.S. If you and your spouse have trouble discussing money, taking the couples and money quiz and following a few straightforward steps can help you avoid financial conflicts and strengthen your relationship.
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Discover ways to reduce your taxes now and in the future. Our tax planning checklist has been revised and updated with the latest strategies needed for your 2021 tax planning. We discuss eleven simple tactics that may help you lower your tax rates. Be sure to review these options with your advisors before the December 31 deadline.
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