Institutional investors

Non-profit spending rules October 2011 Steve Murray, Ph.D., CFA Director, Asset Allocation Strategies As nonprofit organizations seek to balance the needs of their constituents with the desire to maintain and expand support for their communities in the future, spending policy plays a key role in managing current distributions and in planning for future ones. Spending rules are ultimately designed to advance the mission of an organization and its multiple goals. In addition to current and future beneficiaries who must share overall market uncertainty, boards, investment committees, managers and staff will also have an interest in maintaining sustainable and predictable payouts. In this paper, we look at the regulatory developments, common spending rules, and sustainability for current and future beneficiaries. Download Research For more information about our research, please contact David or Gerry:     West Coast David Rothenberg Managing Director 866-926-5934 East Coast Gerry Lillis Director 866-459-4128 Please remember that all investments carry some level of risk, including the potential loss of principal invested. They do not typically grow at an even rate of return and may experience negative growth. As with any type of portfolio structuring, attempting to reduce risk and increase return could, at certain times, unintentionally reduce returns. USI-11064			Printer friendly version of this page