Tag Archives: Bob DiMeo

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Episode 44 – Nonprofits in Higher-Ed: Current Outlook, Opportunities, and Challenges with Rev. Dr. Brian Friedrich



This can be a challenging environment for nonprofit organizations, especially those in higher education, contending with investments, revenue, operations, and more.

In this episode, Bob DiMeo and Devon Francis speak with Rev. Dr. Brian Friedrich, president at Concordia University-St. Paul. They discuss the current outlook for higher-ed organizations, including major opportunities and challenges facing them today.

You will learn:

  • Latest trends in enrollment, operations, and advancement in the higher education space
  • Reasons to focus on sustainability and long-term results while overseeing endowments
  • The impact of rising interest rates on an organization’s finances
  • Tips to help achieve greater alignment among committee and board members
  • And more!

Tune in to learn about the current opportunities and challenges for nonprofits, especially in higher education!

Resources: Email the Stewards | Fiducient Advisors | Bob DiMeo | Devon Francis | Brian Friedrich on LinkedIn | Email Brian Friedrich | Concordia University, St. Paul | Endowments & Foundations Consulting at Fiducient Advisors

About Our Guest:

The Rev. Dr. Brian Friedrich is the 10th president of Concordia University, St. Paul. Prior to returning to his alma mater, Friedrich served as President of Concordia University, Nebraska from 2004-2019, holding several positions in development and administration. He was appointed as vice president for institutional advancement in 1997 and was named the president of Concordia Foundation, Inc. in 2003 before being named president in 2004. Friedrich is a vice president of the Concordia University System, member of the Colloquy Committee of The Lutheran Church—Missouri Synod, trustee of Mill Neck Foundation and Lutheran Friends of the Deaf boards, a director of the Council of Independent Colleges of Nebraska, a director of the National Association of the Council of Independent Colleges and Universities, a member of the Seward Rotary Club and St. John Lutheran Church.

 


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Episode 43 – Nonprofit Governance: How to Effectively Build Committees, Craft Policies, and Fill Gaps with Julia Boisvert



Effective governance is key to a nonprofit’s success. It provides strategic direction to your organization.

There are multiple factors to consider — board and committee structures, decision-making authority, and investment policies, to name a few.

In this episode, Bob DiMeo and Devon Francis speak with Julia Boisvert, a member of Murtha Cullina LLP’s Health Care and Tax-Exempt Organizations Practice Groups. Together, they help nonprofit leaders improve their governance structure and overall operational efficiency.

You will learn:

  • How nonprofits can increase their investment reserves with innovative strategies
  • Key considerations while creating investment and spending policies
  • How committees and board members can collaborate more efficiently
  • How to ensure that gifts/donations align with your organization’s core values
  • And more!

Tune in to learn how you can establish effective governance at your charitable organization!

Resources: Email the Stewards | Fiducient Advisors | Bob DiMeo | Devon Francis | Julia Boisvert on LinkedIn | Contact Julia Boisvert | Murtha Cullina LLP

About Our Guest:

Julia Boisvert assists hospitals, physicians, physician practice groups, social service providers, and other for-profit and nonprofit health care providers with a variety of health care regulatory, corporate, and business issues. Julia has experience advising on corporate formation, governance matters, corporate transactions, employment matters, practitioner and facility licensure, Medicare and Medicaid reimbursement, HIPAA and privacy compliance, and fraud and abuse matters. She also has experience drafting a variety of agreements, including professional services agreements and employment agreements. For nonprofit providers, Julia also assists with filing for recognition of tax exemption, board management issues, charitable giving matters, and general operational issues.


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Episode 42 – Investment Considerations, DEI, Nonprofit Leadership, and More with Mellody Hobson



How concerned should we be with market and economic trends? How can we improve our DEI efforts? What are opportunities and challenges should nonprofit leaders be focusing on? These are some of the pressing questions we hear from clients.

Join Bob DiMeo and Devon Francis as they speak with one of the most in-demand guests Mellody Hobson, co-CEO & president at Ariel Investments, a firm managing nearly $18 billion in assets. Mellody shares valuable insight into current investment trends, along with strategies to make your organization more diverse and inclusive.

You will learn:

  • Effectively diversifying your portfolio, given the recent performance of various asset classes
  • Ways to overcome the “unconscious bias” that sabotages your DEI efforts
  • How to evaluate investment managers and firms through a DEI lens
  • Valuable advice for nonprofit leaders to help them drive positive, systematic change
  • And more!

Tune in to hear Mellody Hobson’s expert insights on how investors, including nonprofit organizations, can thrive in the current environment!

Resources: Email the Stewards | Fiducient Advisors | Bob DiMeo | Devon Francis | Mellody Hobson on LinkedIn | Ariel Investments | “The Difference: How the Power of Diversity Creates Better Groups, Firms, Schools, and Societies” by Scott Page

About Our Guest:

As Co-CEO, Mellody Hobson is responsible for management, strategic planning, and growth for all areas of Ariel Investments outside of research and portfolio management. Outside of Ariel, Mellody is a nationally recognized voice on financial literacy. She currently serves as Chair of the Board of Starbucks Corporation and as a director of JPMorgan Chase. Previously, Mellody served as Chairman of the Board of DreamWorks Animation until the company’s sale and was also a long-standing board member of the Estée Lauder Companies. Mellody’s community outreach includes her role as Chairman of After School Matters, a Chicago non-profit that provides area teens with high-quality after school and summer programs. Additionally, she is vice chair of World Business Chicago; co-chair of the Lucas Museum of Narrative Art; and a board member of the George Lucas Education Foundation and Bloomberg Philanthropies.


Episode 41 – Peer Benchmarking Using the 2021 NACUBO-TIAA Study of Endowments with Devon Francis



The NACUBO-TIAA Study of Endowments is a great benchmarking tool for college and university endowments.

In this episode, Bob DiMeo and Devon Francis discuss the key findings from the latest release of the study including noteworthy trends for colleges and universities on investment returns, asset allocation, ESG investing, and a lot more.

You will learn:

  • What nonprofits should keep in mind while comparing performance with peer groups
  • How investment strategies and returns might differ based on endowment size
  • Latest spending trends among college and university endowments
  • The growing adoption of the OCIO model, ESG investing, and DEI policies
  • And more!

Tune in to gain useful insights and how your endowment compares to peers in recent years!

Resources: Email the Stewards | Fiducient Advisors | Bob DiMeo | Devon Francis | 2021 NACUBO-TIAA Study of Endowments | Commonfund Benchmarks Study® of Independent Schools | Ep. 14: Your Guide to Endowment Spending Policy With Devon Francis | Ep. 24: The Benefits and Pitfalls of OCIO Endowment Management With Matt Porter | Ep. 28: How Nonprofits Can Drive Results Through Diversity, Equity, and Inclusion With Cynthia Primo Martin


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Episode 40 – How Museums and Attendance-Dependent Nonprofits Can Thrive Post-COVID with Laura Lott



Does your nonprofit’s success rely heavily on memberships and attendance?

If yes, then it’s likely that your organization faced a major downturn due to COVID-19.

In this episode, Bob DiMeo and Devon Francis speak with Laura Lott, president and CEO at American Alliance of Museums. They discuss strategies to help attendance-dependent nonprofits, such as museums and zoos, thrive post-COVID.

You will learn:

  • New ways to engage your community and monetize your services
  • Why many organizations lack financial sustainability in the first place
  • Tips for more effective investment and spending policies
  • How investment committees can approach ethical investing
  • And more!

Tune in to learn how you can help attendance-dependent nonprofits prosper! 

Resources: Email the Stewards | Fiducient Advisors | Bob DiMeo | Devon Francis | Laura Lott on LinkedIn | American Alliance of Museums (AAM) | AAM 2022-2025 Strategic Framework | How Museums Can Ethically Invest Their Money | Endowment and Foundations at Fiducient Advisors

About Our Guest:

Laura L. Lott began her tenure as president and CEO of the American Alliance of Museums in June 2015. A results-oriented, entrepreneurial, strategic leader with a track record of setting and achieving aggressive programmatic and financial goals, Laura served as the Alliance’s chief operating officer since 2010. Laura also led the 2012 re-launch of the Alliance, including rebranding the organization and rebuilding its technical infrastructure and web/mobile presence, and redesigning its membership and excellence programs — leading to a nearly 70 percent increase in museum membership and the organization’s first three profitable years in a decade. Prior to her work at the Alliance, Laura guided the evolution and growth of several nonprofit education organizations. Most recently, Laura served as chief financial officer and chief operating officer of The JASON Project, an international nonprofit education program at the National Geographic Society with a mission to inspire and motivate students to learn science through great explorers and events.


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Episode 39 – First Quarterly Quick Take of 2022: Key Market Updates with Brad Long



With looming interest rate hikes, market corrections, and ongoing Russia-Ukraine conflict, it’s time for our first Quarterly Quick Take of 2022.

In this episode, Bob DiMeo and Devon Francis speak with Brad Long, partner, and deputy chief investment officer at Fiducient Advisors. They provide timely insights into the current economic and market conditions, both in the U.S. and abroad.

You will learn:

  • How rising interest rates can influence equity valuations
  • Potential economic repercussions of Russia’s invasion into Ukraine
  • Key inflation fighters based on current market conditions
  • What you can expect upcoming Federal Open Market Committee meetings
  • And more!

Tune in for important market updates and what you can expect for the rest of 2022!

Resources: Email the Stewards | Fiducient Advisors | Bob DiMeo | Devon Francis | BRAD LONG BIO | Brad Long on LinkedIn | 2022 Outlook – Navigating Moderation

About Our Guest:

Brad Long joined Fiducient Advisors in 2012. He is chair of the firm’s Investment Committee and a 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. Prior to joining the firm, Brad worked in various research capacities at Citigroup and Wells Fargo in New York. He received a BA in Finance and Minor in Economics from The University of Colorado and is a CFA® charterholder and member of the CFA Society of Chicago and CFA Institute. Additionally, he is active with Greenhouse Scholars, a nonprofit providing financial and personal support to under-resourced college students. In his free time, Brad loves cooking and spending time with his wife and young sons.


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Episode 38 – How Nonprofits Should Manage Large Cash Inflows with David Piccerelli



There may come a time when your nonprofit experiences a large inflow of cash. For some organizations, this happens when they’re not expecting it at all!

In this episode, Bob DiMeo and Devon Francis speak with David Piccerelli, president at WSBE Rhode Island PBS and a client of Fiducient Advisors, who has experience in managing an endowment that went from zero to $80 million overnight.

You will learn:

  • The first step you should take before investing your newfound wealth
  • How to have an investment committee and an asset allocation strategy prepared in advance
  • Potential impact of large cash inflows on your organization’s operations
  • How Rhode Island PBS built a roadmap for its strategic vision
  • And more!

Tune in to learn how you can effectively manage and invest your newfound wealth!

Resources: Email the Stewards | Fiducient Advisors | Bob DiMeo | Devon Francis | David Piccerelli on LinkedIn | Rhode Island PBS | Our Research and Insights | Our Blog | Our Podcast

About Our Guest:

David Piccerelli is the president of WSBE Rhode Island PBS, a role that he assumed in 2010 after having served as PBS’ vice-president and chief financial officer. David has overseen some very impressive projects and endeavors during his tenure with Rhode Island PBS, including shepherding the station’s complex multimillion dollar conversion from analog to digital broadcasting in 2009 and moving from state ownership to becoming an independent community licensee in 2012. David holds a BS in accounting from Bryant University and serves on a number of professional public broadcasting committees and associations. He is a member of the board of Providence Business Loan Fund and is an avid golfer and a food and wine enthusiast.


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Episode 37 – Predictions for 2022 That Can Affect Your Investment Portfolio with Bob Doll



Inflation, interest rates, upcoming midterm elections… There are so many variables that can impact your nonprofit’s investment portfolio in 2022.

In this episode, Bob DiMeo and Devon Francis speak with Bob Doll, CFA, chief investment officer at Crossmark Global Investments, Inc. Bob Doll makes calculated predictions and forecasts on what will drive U.S. equity markets and the global economy.

You will learn:

  • Why endowments and foundations might expect stocks to earn half as much going forward
  • Expected trends in inflation and interest rates
  • How you can be strategic with your asset allocation (sector-wise and geographically)
  • Why cyclical, value, and small stocks may outperform defensive, growth, and large stocks
  • The challenging environment for bonds
  • The potential impact of upcoming Congressional elections on financial markets
  • And more!

Tune in to learn what you can expect from the financial markets in 2022 and beyond!

Resources: Email the Stewards | Fiducient Advisors | Bob DiMeo | Devon Francis | 2022 Return Expectations Webinar | Bob Doll on LinkedIn | Crossmark Global Investments | 10 Predictions for 2022: Tug of War Between Earnings Tailwinds and Valuation Headwinds | Inflation, the Fed, Correction; Oh My!

About Our Guest:

Bob Doll joined Crossmark in May 2021 as Chief Investment Officer (CIO), bringing over 40 years of industry experience to guide the investment process and serve as portfolio manager for multiple Crossmark large-cap strategies. He also utilizes his investment expertise to provide weekly and quarterly investment commentaries, as well as annual market predictions. Bob is a regular guest and contributor to multiple media outlets such as CNBC, Bloomberg TV, Moneywise, and Fox Business News. Prior to arriving at Crossmark, he held the roles of Senior Portfolio Manager and Chief Equity Strategist at Nuveen and Blackrock, President and Chief Investment Officer at Merrill Lynch Investment Managers, and Chief Investment Officer at Oppenheimer Funds, Inc.


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Episode 36 – Amplify Your Impact Through Strategic Philanthropy with Caren Yanis



When you’re strategic with your philanthropy and strive for efficiency within your organization, you can do more good with less money.

In this episode, Bob DiMeo and Devon Francis speak with Caren Yanis, principal at Croland Consulting, LLC, and a philanthropic advisor to families and businesses. Caren shares actionable insights and best practices for today’s nonprofits, family foundations, and endowments.

You will learn:

  • Current opportunities and challenges for philanthropists and charitable organizations
  • How to ensure strong governance, even when there are few rules to hold boards accountable
  • How to align your organization’s philanthropic practices with your values
  • Key points that every investment committee should keep in mind
  • And more!

Tune in to learn how you can amplify your impact through strategic philanthropy!

Resources: Email the Stewards | Fiducient Advisors | Bob DiMeo | Devon Francis | 2022 Return Expectations Webinar | Caren Croland Yanis on LinkedIn | Oprah Winfrey Charitable Foundation | Poetry Foundation | Global Impact Investing Network (GIIN) | Foundation Financial Officers Group (FFOG) | Episode 22 – Achieving Your Charitable Mission Through Private Foundat ions — With Adam Newell | Fiducient Capital Market Assumptions 

About Our Guest:

Caren Croland Yanis is the principal of Croland Consulting, a philanthropic consulting firm focused on helping high-net-worth families give well. As executive director of the Oprah Winfrey Foundations in the 2000s, Ms. Yanis helped Ms. Winfrey build her public and private philanthropy and went on to become president of Crown Family Philanthropies in Chicago. She is a board member of the Lilly Family School of Philanthropy at Indiana University, a member of the Women’s Philanthropy Institute, a member of the Illinois Attorney General’s Charitable Advisory Council, and a board member of Friends of the Children.


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Episode 35 – The Current Investment Environment: Where Do We Stand? Where Are We Headed? with Matt Rice



Are stocks overpriced and about to tank? How will rising inflation impact your portfolio? How might the pandemic continue to impact the economy?

Find the answers to these questions in this episode, as Bob DiMeo and Devon Francis interview Matt Rice, Chief Investment Officer at Fiducient Advisors. They discuss key market trends from 2021 (stocks, bonds, and alternative investments) and what you can expect in 2022 and beyond.

You will learn:

  • The major asset classes that outperformed and what might to expect now
  • The outlook for all asset classes, considering rising inflation and the pandemic
  • Striving for better risk-adjusted investment return during uncertain times
  • The importance of diversification and long-term planning
  • And more!

Tune in to hear Matt Rice’s expert insights on the current investment environment!

Resources: Email the Stewards | Fiducient Advisors | Bob DiMeo | Devon Francis | Matthew Rice

About Our Guest:

Matt joined Fiducient Advisors in 2001. As Fiducient Advisors’ Chief Investment Officer, Matt leads the firm’s investment strategy and research efforts. He also advises a number of the firm’s nonprofit and corporate clients. Matt is a member of the firm’s Executive Committee, Research Forum, Investment Committee, Discretionary Committee and Capital Markets Committee. Matt has co-authored two books, including Nonprofit Asset Management (John Wiley & Sons), which was published in 2012 and The Practical Guide to Managing Nonprofit Assets (John Wiley & Sons), published in 2005. Matt is a CFA® charterholder and member of the CFA Society Chicago and a Chartered Alternative Investment Analyst (CAIA®). Matt received a BA in Economics from Northwestern University, where he also played on the 1995 and 1996 Big Ten championship football teams. Matt now leads an easier lifestyle chasing after his two young children.