In the News
This is one of those Believe It or Not stories: Years ago, a charity generated solicitation letters from a computerized database. One letter addressed to a state Humane Society stated: "Dear Miss Society."
If your not-for-profit organization expects its board members to play a fundraising role, you probably already know how difficult it can be to motivate them. They're busy people, and even when they have excellent connections, they're not always comfortable asking those in their network for money — however noble the cause.
So you think investment policies are only for not-for-profits with millions to invest? Not true. If your organization holds funds in reserve â€” for example, to cover emergencies or meet long-term goals â€” it's prudent to have investment policies.