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Episode 32 – Become a Confident Leader with Dr. Karyn Gordon



Dr. Karyn Gordon has rightly said, “Great leaders drive communication, performance, and engagement.”

But how can you become a great leader at your nonprofit organization?

In this episode, Bob DiMeo and Devon Francis are joined by Dr. Karyn Gordon to answer this question. Dr. Karyn is the CEO of DK Leadership, a leadership and relationship expert, and a sought-after media personality. They reveal the skills required to become a confident leader and lead your nonprofit to success.

You will learn:

  • The importance of finding your purpose –– both for organizations and individuals
  • The three types of leaders: insecure, arrogant, and confident
  • Effective conflict resolution tips for investment committees 
  • How to improve your organization’s team dynamics by mastering five EQ skills
  • And more!

Tune in to learn how to become a confident nonprofit leader!

Resources: Email the Stewards | Fiducient Advisors | Bob DiMeo | Devon Francis | Dr. Karyn Gordon on LinkedIn | DK Leadership | “The Three Chairs: How Great Leaders Drive Communication, Performance, and Engagement” by Dr. Karyn Gordon | “Start With Why” by Simon Sinek | “The Five Dysfunctions of a Team: A Leadership Fable” by Patrick Lencioni | “The Ideal Team Player: How to Recognize and Cultivate The Three Essential Virtues” by Patrick Lencioni | The Next Chapter in the Active versus Passive Debate

About Our Guest:

Dr. Karyn Gordon is the CEO of DK Leadership, a leadership & relationship expert, entrepreneur, dynamic speaker, executive and family coach, TV personality (Good Morning America | USA and Cityline | Canada) and author of “The Three Chairs: How Great Leaders Drive Communication, Performance & Engagement.” In 2021, Dr. Karyn was nominated for the 29th annual RBC Canadian Women Entrepreneur Award.


Episode 31 – Behind the Scenes of a Successful Foundation with Jay Ruderman



Are you looking for proven strategies to help your foundation thrive?

In this episode, Bob DiMeo and Devon Francis speak with Jay Ruderman, president of the Ruderman Family Foundation. Jay reveals principles that have guided the Ruderman Family Foundation in making prudent management, investment, and strategic decisions, and explains how other foundations can emulate their success.

You will learn:

  • Why nonprofits should focus on both advocacy and funding to amplify their impact
  • An unconventional way to look at ESG investing that leads to “double impact”
  • How to identify unique charitable opportunities and avoid replication
  • And more!

Tune in to learn how you can lead your foundation to success!

Resources: Email the Stewards | Fiducient Advisors | Bob DiMeo | Devon Francis | Jay Ruderman on LinkedIn | Ruderman Family Foundation | All Inclusive With Jay Ruderman (Podcast) | How To Make Your Investment Committee More Effective

About Our Guest:

Jay Ruderman is the President of the Ruderman Family Foundation, which focuses on the inclusion of people with disabilities worldwide and educating Israeli leaders on the American Jewish community. He also has served on the Board of Directors of the Jewish Funders Network and is a member of the American Jewish Joint Distribution Committee Executive Committee. In the fall of 2001, Jay became Deputy Director of the American Israel Public Affairs Committee (AIPAC) in New England. In 2005, Mr. Ruderman enlisted in the Israel Defense Forces (IDF), and became the liaison between the IDF and Diaspora Jewry. After his service in the IDF, he returned to AIPAC as the Leadership Director for AIPAC in Israel.

 


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Episode 30 – One Year Anniversary Special



It’s been a year since Nonprofit Investment Stewards was launched!

A big thank you to all our wonderful listeners and guests who have been a part of this journey.

In this special episode, Bob DiMeo and Devon Francis take a trip down the memory lane, highlighting some of their most memorable episodes. Then, they move on to share five invaluable – and timely – tips for nonprofit investment committees and other stakeholders who oversee endowments and foundations.

You will learn:

  • Key takeaways from some of our most-downloaded episodes
  • Many investment, governance and cost saving strategies to advance your nonprofit’s mission
  • How investment committees can think about lower expected returns
  • Bob’s and Devon’s favorite moments from the podcasting journey
  • And more!

Tune in to revisit some of our best episodes, as well as gain fresh insights on how to make your nonprofit thrive!

Resources: Email the Stewards | Fiducient Advisors | Bob DiMeo | Devon Francis | Endowment Investment Considerations for Today’s Market — With Brad Long | Your Guide to Endowment Spending Policy – With Devon Francis | How Nonprofit Leaders Can Overcome Today’s Challenges – with Dennis Morrone | Effective Investment Strategies for Healthcare Systems — With Russ Gronewold | 10 Habits of Effective Investment Committees | How the 2020 Elections Could Impact Nonprofit Investors — With Frank Kelly

 


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Episode 29 – Nonprofits and Private Equity — With Matt Kaminski



With public equity markets reaching all-time highs in 2021, many investment committees are concerned about future returns.

Consequently, they are exploring or adding allocations to alternative investments, such as private equity.

In this episode, Bob DiMeo and Devon Francis speak with Matt Kaminski, partner and research director at Fiducient Advisors, who directs the firm’s Global Private Markets Group. Matt shares valuable insights to how nonprofit organizations can make private equity investments an integral part of their portfolio.

You will learn:

  • Key updates on private equity markets (past performance and future considerations)
  • Factors a nonprofit must consider when investing in PE
  • The potential benefits and pitfalls of private equity investments in today’s markets
  • Why private equity may not only be right for large endowments or foundations
  • And more!

Tune in to learn strategies for effectively investing in private equity markets!

Resources: Email the Stewards | Fiducient Advisors | Bob DiMeo | Devon Francis | LinkedIn: Matt Kaminski | Matt Kaminski | Private Markets Updates: Growth and New Highs

About Our Guest:

As Partner and Research Director, Matt Kaminski directs Fiducient Advisors’ Global Private Markets Group, overseeing investment research and due diligence efforts. He is also a member of the firm’s Investment Committee, Research Forum, and Trustee-Direct Discretionary Committee. Matt joined Fiduciary Investment Advisors, LLC in 2009, which combined with Fiducient Advisors in 2020. Prior to joining the firm, he was an Investment Analyst and member of the Consultant Relations team at Fidelity Investments. Matt received a BSBA from Stonehill College, is a CFA® charterholder, and a member of the CFA Institute and the Hartford CFA Society. With his free time, Matt is on the Finance & Audit Committee for Foodshare, Inc. (a nonprofit anti-hunger organization in the greater Hartford area). His personal interests include fishing and biking.


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Episode 28 – How Nonprofits Can Drive Results Through Diversity, Equity, and Inclusion — With Cynthia Primo Martin



Focusing on diversity, equity, and inclusion (DEI) is more than just the “right thing to do.” It can help your nonprofit make better decisions and achieve greater results.

In this episode, Bob DiMeo and Devon Francis speak with Cynthia Primo Martin, founder of the Trustees of Color initiative. They discuss actionable strategies to create diverse investment committees, overcome common DEI challenges, and leverage DEI initiatives to achieve your core organizational mission.

You will learn:

  • Top recruitment and selection practices for nonprofit boards and investment committees
  • Why nonprofit leaders should be intentional with their DEI efforts
  • How “board readiness” helps you overcome personal biases & become more accessible
  • How diverse committees are more likely to achieve better investment returns
  • And more!

Tune in to gain valuable insights into how DEI plays an important role in charitable organizations.

Resources: Email the Stewards | Fiducient Advisors | Bob DiMeo | Devon Francis | Cynthia Primo Martin on LinkedIn | Contact Cynthia: (302) 540-0196 or CPrimo@comcast.net | “Handbook for Nonprofit Leadership: Recruiting, Training and Engaging Trustees of Color” by Cynthia Primo Martin | “Diversity of Asset Managers In Philanthropy” by Global Economy Group | “Madam C. J. Walker’s Gospel of Giving: Black Women’s Philanthropy during Jim Crow” by Dr. Tyrone McKinley Freeman | “Focus on Diversity, Equity and Inclusion” by Devon Francis

About Our Guest:

Cynthia Primo Martin is the founder of the Trustees of Color initiative, whose mission is to ensure that nonprofit boards are inclusive of people of color. Cynthia has served as a director and trustee of many nonprofit organizations, including the University of Delaware, Delaware Symphony Association, African-American Endowment Fund at DCF, and the Waterson Family Foundation. Earlier in her career, she served as human resources and equal employment opportunity director for a major insurance company. Cynthia is also the author of “Handbook for Nonprofit Leadership: Recruiting, Training and Engaging Trustees of Color.”


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Episode 27 – 403(b) Retirement Plans Optimized for Nonprofits — With Vin Smith



Nonprofits seek to attract, retain and reward great people – an attractive retirement plan is part of the solve. 

In this episode, Bob DiMeo and Devon Francis speak with Vin Smith, partner and practice leader of the nonprofit defined contribution practice at Fiducient Advisors. They help nonprofit leaders better design their 403(b) plans, create efficient investment menus, and evaluate their existing fee structures to remain relevant.

You will learn:

  • How retirement plans for nonprofits have evolved, and how to optimize yours
  • How to create a fee structure that is fair for all plan participants, and helps avoid litigation
  • Best practices to optimize both governance and fund selection for 403(b) plans
  • Ways to incorporate ESG investing into your 403(b) plan 
  • And more!

Tune in to learn how you can help your nonprofits remain relevant in the 403(b) landscape!

Resources: Email the Stewards | Fiducient Advisors | Bob DiMeo | Devon Francis | Vin Smith on LinkedIn | Email Vin Smith

About Our Guest:

As a Partner and Senior Consultant in our Boston Office, Vin services institutional clients by providing advice and counsel on all areas of fund oversight including policy, asset allocation, manager research, portfolio structure, portfolio rebalancing, performance monitoring and overall investment policy. He serves on the firm’s Defined Contribution Business Council and the Defined Contribution Discretionary Committee. Vin joined Fiduciary Investment Advisors, LLC in 2011, which combined with Fiducient Advisors in 2020. Prior to joining the firm, he was a senior member of the consulting teams at Cammack LaRhette Consulting and Longfellow Advisors. He earned his BSBA from Stonehill College and is an Accredited Investment Fiduciary®. Vin serves on the Board of Directors for Mentor Rhode Island, an affiliate of a national organization focusing on creating quality youth mentorship programs. His personal interests include running and fishing.


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Episode 26 – Endowment Investment Considerations for Today’s Market — With Brad Long



If you’re looking for investment strategies that help your nonprofit stay relevant in today’s ever-changing markets, then this episode is for you.

In this show, Bob DiMeo and Devon Francis speak with Brad Long, CFA, partner and research director at Fiducient Advisors, who oversees the firm’s global public markets. They discuss crucial investment considerations for endowments, such as active versus passive investing, portfolio diversification, and mission-aligned investment.

You will learn:

  • How to construct an optimal portfolio using both active and passive asset management
  • The need to diversify, especially now – and how allocation strategies can evolve over time
  • How your nonprofit can achieve mission-aligned investment objectives
  • Tips for investment committees to overcome emotions and make rational decisions
  • And more!

Tune in to learn how you can help your nonprofits prosper by making prudent investment decisions!

Resources: Email the Stewards | Fiducient Advisors | Bob DiMeo | Devon Francis | BRAD LONG BIO | Brad Long on LinkedIn | Nonprofit Investment Stewards, ep. 24 – The Benefits and Pitfalls of OCIO Endowment Management — With Matthew Porter

About Our Guest:

As Partner and Research Director at Fiducient Advisors, Brad Long oversees the firm’s Global Public Markets research efforts with responsibility for global equity, global fixed income, and global real assets. He is also a voting member of the firm’s Investment Committee, member of the firm’s Discretionary Committee, Research Forum, Capital Markets Team, and Mission-Aligned Investing Committee. In 2019, Brad was named a “Rising Star” in City Wire’s annual Professional Buyer publication for his contributions in the investment manager research industry.


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Episode 25 – How Storytelling Can Benefit Your Endowment — With Park Howell



Oftentimes, the best way to communicate your nonprofit’s core values and mission to your audience is through storytelling.

In this episode, Bob DiMeo and Devon Francis are joined by Park Howell, founder of Business of Story, brand storytelling strategist, and international keynote speaker. As the world’s most industrious storyteller, Park discusses how charitable organizations can craft and leverage compelling stories to communicate their investment strategies, exceed their fundraising goals, optimize their mission-aligned message, and ultimately amplify their impact.

You will learn:

  • How storytelling can improve your message to your endowment stakeholders
  • The ABT (And, But, Therefore) narrative that adds meaningful context to financial data
  • How storytelling turns your nonprofit into a purpose-driven brand that resonates strongly 
  • Why stories are a crucial component of ESG investing
  • And more!

Tune in to learn how you can help your nonprofit prosper using the art of storytelling!

Resources: Email the Stewards | Fiducient Advisors | Bob DiMeo | Devon Francis | Park Howell on LinkedIn | Business of Story | The Business of Story Podcast | The ABT’s of Selling™ Course | Brand Bewitchery: How to Wield the Story Cycle System™ to Craft Spellbinding Stories for Your Brand | The Narrative Gym for Business: Introducing the ABT Framework for Business Communication and Messaging | Nicholas Kristof’s Advice for Saving the World | How To Make Your Investment Committee More Effective

About Our Guest:

Park Howell is the founder of Business of Story, through which he has helped thousands of purpose-driven leaders master business storytelling and grow through a crystal clear vision and mission. As the world’s most industrious storyteller and a 30+ year veteran of branding, marketing and sales, Park works internationally with brand leadership, their marketers and sales teams to help them craft and tell endearingly authentic stories that sell. In addition to being an expert storytelling coach, Park also hosts the popular Business of Story podcast ranked among the top 10% of downloaded shows in the world.


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Episode 24 – The Benefits and Pitfalls of OCIO Endowment Management — With Matt Porter



With limited resources and staff, it can be difficult for investment committees to focus on both endowment management and the advancement of the organization’s mission.

This circumstance has compelled many nonprofits to consider the Outsourced Chief Investment Officer (OCIO) model.

In this episode, Bob DiMeo and Devon Francis are joined by Matt Porter, managing partner and head of endowments and foundations at Fiducient Advisors. Matt explains how an OCIO might help your investment committee optimize decisions, reduce administrative burden, and more efficiently approach portfolio management to better focus on your nonprofit’s long-term goals.

You will learn:

  • The key differences between an OCIO model and traditional investment consulting
  • Specific duties that can be offloaded by nonprofits through an OCIO approach
  • Major advantages and pitfalls of OCIO endowment management
  • How to outsource various responsibilities while still maintaining decision-making authority within your organization
  • And more!

Tune in to learn how the OCIO model can help today’s nonprofits optimize their investment management!

Resources: Email the Stewards | Fiducient Advisors | Bob DiMeo | Devon Francis | MATT PORTER BIO | Matt Porter on LinkedIn | Investment Office at Fiducient Advisors: Creative and Flexible Management Solutions for Today’s Nonprofits

About Our Guest:

As Head of Endowments and Foundations, Matt Porter challenges firm members to think about and embrace innovation and knowledge development. As a Senior Consultant, he advises institutional clients on a variety of topics, including asset allocation, investment manager relations and portfolio rebalances. Matt is the Chair of the Investment Committee, which sets all investment policies for the firm, establishes the framework for asset allocation and reviews and approves investment managers.  Matt also leads the firm’s Endowment & Foundation Business Council and is a member of the firm’s Research Forum and Discretionary Committee.


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Episode 23 – Endowment Management and Operational Efficiencies: How Can You Achieve Both at the Same Time? — With Jeffrey Bethke



Amidst financial planning and endowment management, it’s common for institutions to underestimate the impact that operations can have in sustaining a nonprofit.

In this episode, Bob DiMeo and Devon Francis are joined by Jeff Bethke, managing partner at Ingenuity Advising, to help your nonprofit optimize both financial and operational planning. Jeff draws from his experience as former executive vice president and CFO at DePaul University to explain how educational institutions can overcome common investment challenges while developing operational efficiencies.

You will learn:

  • How to tackle the looming demographic crisis facing higher education
  • Effective endowment management strategies for schools
  • Ways in which your nonprofit’s finances and operations directly influence each other
  • Proven best practices for institutional governance and investment committee structures
  • And more!

Tune in to learn how you can achieve both financial and operational competence within your nonprofit.

Resources: Email the Stewards | Fiducient Advisors | Bob DiMeo | Devon Francis | FOUR SMART MOVES FOR INVESTMENT COMMITTEES | Jeffrey Bethke on LinkedIn | Ingenuity Advising | DePaul University | Niagara University | Navy Pier | Metropolitan Pier and Exposition Authority (MPEA) | Four Smart Moves for Endowment Investment Committees

About Our Guest:

Jeffery Bethke has more than 20 years of higher education and not-for-profit finance and operations experience and a decade in consulting and corporate management roles. Before launching Ingenuity Advising in 2021, Jeff served as executive vice president and chief financial officer at DePaul University, one of the nation’s largest private universities, where he oversaw the institution’s finance and budgeting functions, facility operations, human resources, information technology, internal audit, public safety, student housing, dining operations, community and government relations and other operational areas.