Category Archives: charitable organization

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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.


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Episode 20 – How To Use Data and Rigorous Evaluation to Help Achieve Your Nonprofit’s Goals — With Annie Duflo



Regularly assessing the impact of your nonprofit’s initiatives and even its mission is more important than ever to all stakeholders including your donors.

In this episode, Bob DiMeo and Devon Francis speak with Annie Duflo, executive director at Innovations for Poverty Action. Together, they explore the steps involved in using effective data that fits your organizational needs, analyzing it to identify the core issues and investment opportunities, and making more informed decisions that help you achieve your nonprofit’s mission.

Annie discusses:

  • How data-driven decisions can help your nonprofit achieve significantly higher returns on investment
  • Ways to ensure that your data is not under-utilized
  • How IPA conducted extensive research on microcredit to study the impact on poverty
  • Tips to help you adapt your initiatives and programs to a larger scale
  • And more!

Resources:

Email the Stewards | Fiducient Advisors | Bob DiMeo | Devon Francis | FREE GUIDE: 6 Tips to Managing Nonprofit Investments | ”Activist Annie Duflo Uses Data and Incentives to Fight Global Poverty” by The Wall Street Journal | Centre for MicroFinance | Ultra-Poor Graduation Programme by BRAC | Innovations for Poverty Action | Connect with Annie Duflo

About Our Guest:

Annie Duflo is responsible for leading the strategic directions of Innovations for Poverty Action (IPA), the implementation of its strategic plan, and the day to day operations. Prior to joining IPA, Annie was the Executive Director of the Centre for Microfinance (CMF) in Chennai, India. Annie holds a Master of Public Administration and International Development degree from Harvard University’s John F. Kennedy School of Government and Master in Social Sciences from EHESS (École des Hautes Études en Sciences Sociales)/ ENS (École Normale Supérieure) in Paris


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Episode 19 – Senior Living Communities and Their Unique Financial Considerations – with David Bordonaro



It is projected that by the year 2025, more than 50% of the population will be aged 65 and older.

Leadership at senior living communities must keep up and adapt to changes in the industry to be financially prepared for the future of senior living.

In this episode, Bob DiMeo and Devon Francis sit down with David Bordonaro, president of McLean Senior Living Community, as they talk about the senior living industry, its opportunities and its financial challenges. David shares how McLean has updated their business model to reflect changes within the sector, and how they manage their investments. 

In this episode, you will learn:

  • The changes McLean has implemented to better serve their community
  • The various investment pools that fall under the McLean umbrella
  • Which services offered by McLean have had the greatest growth
  • How inflation could impact the senior living industry as a whole
  • And more!

Tune in now to discover how McLean evolved their business model and how their investments could impact the next generation of seniors!

Resources: Fiducient Advisors | Bob DiMeo | Devon Francis | David Bordonaro | McLean | Episode 17: 10 Habits of Effective Investment Committees


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Episode 18: How Nonprofit Leaders Can Overcome Today’s Challenges – With Dennis Morrone



Managing liquidity, identifying suitable governance policies, and building the right investment committee are just a few of the challenges that nonprofits face on a regular basis.

How can you navigate these challenges with greater ease?

Find out in this episode, as Bob DiMeo and Devon Francis talk with Dennis Morrone, managing partner of Grant Thornton LLP’s not-for-profit and higher education practices. Together, they provide proactive solutions to common challenges that nonprofits face in every sector.

You will learn:

  • How to evolve your nonprofit’s governance structure and adapt to the changing environment
  • Scenario planning for endowment and enterprise risk management
  • How to align your audit, finance, and investment committees
  • The impact of COIVD-19 on various nonprofit sub-sectors
  • And more!

Tune in now to learn how you can overcome challenges faced by nonprofit leaders!

Resources: Fiducient Advisors | Bob DiMeo | Devon Francis | EMAIL the STEWARDS | FREE GUIDE: 6 Tips to Managing Nonprofit Investments | Dennis Morrone | Contact Dennis | Grant Thornton | Focus on 5 areas for post-pandemic recovery


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Episode 17: 10 Habits of Effective Investment Committees



An investment committee member might be doing everything right. But just one wrong move could derail an endowment or foundation from your path to success.

To help prevent this, Bob DiMeo and Devon Francis share their list of the 10 Best Investment Committee Practices in this episode. These tactics are extremely powerful and can have a significant impact on the success of your portfolio and your mission. 

You will learn:

  • Qualities that define an ideal investment committee member
  • How to maintain an unwavering focus on your nonprofit’s long-term mission
  • Tips for making your committee meetings more efficient and productive
  • Why you should always remain curious and learn new things
  • And more!

Tune in now to learn effective strategies to improve your investment committees!

Resources: Fiducient Advisors | Bob DiMeo | Devon Francis | EMAIL the STEWARDS | FREE GUIDE: 6 Tips to Managing Nonprofit Investments | ICreative and Flexible Management Solutions for Today’s Nonprofits


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Episode 15: Hello Fiducient! DiMeo Schneider’s New Name and Other Important Updates — With Mike Goss and Bob DiMeo



DiMeo Schneider was founded in 1995 and one year ago, combined with Fiduciary Investment Advisors to form one of the largest RIAs in the U.S. 

In this episode, Devon Francis interviews two key members of Fiducient Advisors’ leadership team, Bob DiMeo and Michael Goss. Join them as they reveal the reasons behind rebranding, what changes you should – and should not –  expect, and current efforts to achieve diversity, equity, and inclusion in the organization and the investment community.

You will learn:

  • Why we specifically chose to be “Fiducient Advisors”
  • Which core value propositions remain the same
  • How technology sped up our integration process during the pandemic
  • Why continual growth is important for both the company and its employees
  • And more!

Tune in now for exciting updates on our new brand as well as the long-term vision and goals of Fiducient Advisors!

Resources: Fiducient Advisors | Bob DiMeo | Devon Francis | Michael Goss

EMAIL the STEWARDS | FREE GUIDE: 6 Tips to Managing Nonprofit Investments | Diversity, Equity & Inclusion in Investment Management Webcast | Fairview Capital | Ford Foundation | Institutional Investing Diversity Cooperative | The Mom Project


Episode 14: Your Guide To Endowment Spending Policy — With Devon Francis



As a nonprofit organization, you don’t want to spend too much of your portfolio now, robbing future generations of the benefits of your mission. At the same time, you want to spend enough to have impact today. 

So, how can you find a spending policy that will provide a good balance between the two?

Find out in this episode, as Devon Francis joins Bob DiMeo to share her extensive knowledge on the ins and outs of spending policy. Devon highlights the importance of meaningful spending policies and breaks down ways you can determine the right policy for your charitable organization’s endowment or foundation portfolio. 

In this episode, you will learn:

  • Why nonprofits need a spending policy
  • Different types of spending policies and their benefits and drawbacks
  • How COVID-19 is altering nonprofit spending
  • How to find the right policy for your organization
  • And more!

Tune in now to learn the ins and outs of spending policies and how they can strengthen your charitable organization!

Resources: DiMeo Schneider & Associates L.L.C. | Bob DiMeo | Devon Francis | EMAIL the STEWARDS | FREE GUIDE: 6 Tips to Managing Nonprofit Investments


Episode 13: Effective Investment Strategies for Healthcare Systems — With Russ Gronewold



Hospitals and healthcare systems contend with a variety of challenges, and the need for effective management of their investment programs remains as important as ever.

Russ Gronewold, CEO of  Bryan Health, joins Bob DiMeo and Devon Francis in this episode to share insight and expertise. Together, they discuss important methods to help investment committees effectively manage a variety of investment pools, ranging from board-designated reserve funds to employee retirement plans.

In this episode, you will learn:

  • Tips on managing short- and long-term investment portfolios
  • The use of alternative and passive investments in hospital portfolios
  • How to incorporate enterprise risk into your investment strategy
  • Liability based pension investing
  • And more!

Tune in now to gain meaningful insight into investment strategies used by healthcare systems!

Resources: DiMeo Schneider & Associates L.L.C. | Bob DiMeo | Devon Francis | Russ Gronewold | Bryan Health | EMAIL the STEWARDS | FREE GUIDE: 6 Tips to Managing Nonprofit Investments


Episode 12: How Associations Manage their Investments — With Ahmed Farruk



Do you have a thorough understanding of how associations manage their investments?

If not, get ready for your crash-course in all-things associations in today’s episode with DiMeo Schneider’s Ahmed Farruk!

As DiMeo Schneider’s Washington, D.C. regional director and as a senior consultant, Ahmed has years of experience in working with associations and helping them further their missions. Today, he shares his expertise and knowledge on everything you need to know about associations and their investing practices! 

In this episode, you will learn:

  • The different types of Associations and their investment pools
  • 4 ways associations generate revenue
  • Key differentiators between associations and traditional endowments and foundations
  • How the pandemic has impacted budgets and investments
  • And more!

Join us today to learn about associations and how they manage their investments! 

Resources: DiMeo Schneider & Associates L.L.C. | Bob DiMeo | Devon Francis | Ahmed Farruk | FREE GUIDE: 6 Tips to Managing Nonprofit Investments


Episode 11: How To Hire a Good Investment Consultant — With Brad Alford



When the time comes for your endowment or foundation to hire a new investment consultant, how should you go about the process? 

And how can you stack the odds in your favor to hire an investment consultant who is well-suited for your charitable organization and its mission? 

Find out in this episode, as Bob DiMeo and Devon Francis chat with Alpha Capital Management founder, Brad Alford. Brad shares his expertise and exclusive insight on how he helps nonprofit leaders find the best investment consultant

In this episode, you will learn:

  • Why nonprofit investment committees make use of search firms
  • The primary value endowments and foundations receive from search firms
  • How to find the right investment advisor for your nonprofit
  • How the OCIO indices benefit nonprofit investors
  • And more!

Listen now to discover tips for finding the right investment consultant for your nonprofit! 

Resources: DiMeo Schneider & Associates L.L.C. | Bob DiMeo | Devon Francis | Alpha Capital Management | FREE GUIDE: 6 Tips to Managing Nonprofit Investments