Tag Archives: Foundation investments

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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 22 – Achieving Your Charitable Mission Through Private Foundations — With Adam Newell



For high-net-worth families who are charitably inclined, private foundations are a great way to make an impact while maintaining control over your investments.

In this episode, Bob DiMeo and Devon Francis speak with Adam Newell, partner at Fiducient Advisors and director of consulting at The Wealth Office®. Adam helps charitable foundations overcome common challenges, shares investment strategies used by successful families and discusses how foundations might avoid getting flagged by the IRS.

You will learn:

  • Portfolio management tips to help your foundation meet the 5% spending requirement
  • How private foundations differ from donor-advised funds
  • Tax considerations to keep in mind while making investment decisions
  • Ways to involve future generations in your nonprofit’s charitable mission
  • And more!

Tune in to learn how you can successfully manage your private foundation with Adam Newell.

Resources: Email the Stewards | Fiducient Advisors | Bob DiMeo | Devon Francis | FREE GUIDE: 6 Tips to Managing Nonprofit Investments | ADAM NEWELL BIO I Adam Newell on LinkedIn

About Our Guest:

As a partner at Fiducient Advisors and director of consulting for The Wealth Office®, Adam Newell, CFA®, CFP®, is responsible for the oversight of the firm’s Wealth Office® consultants and setting the strategic direction for the group’s consulting business. He also provides investment expertise to a number of high-net-worth families, private foundations, and nonprofit clients. Adam is a voting member of the Investment Committee that sets investment policy, establishes the framework for asset allocation and approves investment managers.


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Episode 21 – How Independent Schools Navigate Challenges and Manage Endowment Funds — With Jeffrey Shields



In this episode, Bob DiMeo and Devon Francis talk to Jeffrey Shields, president and CEO at National Business Officers Association (NBOA). Jeff shares insights into the challenges  independent schools face including enrollment and optimizing their endowment funds.

You will learn:

  • Ways to contend with major financial challenges faced by independent schools
  • The impact of tuition pricing on enrollment demand
  • The important role an endowment plays for private schools
  • Best practices for private school investment committees 
  • And more!

Tune in to learn how independent schools can thrive in the post-pandemic world.

Resources: Email the Stewards | Fiducient Advisors | Bob DiMeo | Devon Francis | FREE GUIDE: 6 Tips to Managing Nonprofit Investments | Jeffrey Shields on LinkedIn | National Business Officers Association | American Society of Association Executives™ | National Association of College and University Business Officers | Business Intelligence for Independent Schools (BIIS) | The Enrollment Management Association | Four Smart Moves for Endowment Investment Committees

About Our Guest:

Jeff Shields, FASAE, CAE, has been the president and CEO of the National Business Officers Association (NBOA) for over 10 years. NBOA is the premier national association serving the needs of business officers and business operations staff at independent schools. Shields also serves as a member of the board of directors at the American Society of Association Executives (ASAE) and a trustee for the Enrollment Management Association (EMA). Previously, he served as a trustee for One Schoolhouse, an innovative online school offering supplemental education to independent schools, and Georgetown Day School in Washington, DC. He holds a B.A. from Shippensburg University and an M.A. from The Ohio State University.


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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 16: The State of Nonprofit Fundraising and How to Remain Relevant — With Amy Schiffman



During the COVID-19 pandemic, most fundraising events have come to a standstill. For many, face-to-face interaction with donors is limited at best.

How can nonprofits adapt to and raise funds in such an environment?

To answer this, Bob DiMeo and Devon Francis welcome Amy Schiffman, president and CEO of Evolve Giving Group, to today’s podcast. They discuss how nonprofits can ensure long-term sustainability and viability by cultivating lasting relationships with donors and by working towards a common goal.

You will learn:

  • How to identify the perfect time to ask for a gift
  • Tips for effective virtual fundraising
  • Why how you invest is important to your donors
  • The real reason why people are reluctant to donate to endowment funds
  • And more!

Listen now and learn how you can improve your fundraising approach to sustain and advance your mission!

Resources: Fiducient Advisors | Bob DiMeo | Devon Francis | Amy Schiffman | Evolve Giving Group | Email Evolve

EMAIL the STEWARDS | FREE GUIDE: 6 Tips to Managing Nonprofit Investments | Four Smart Moves for Endowment Investment Committees | GuideStar | Charity Navigator


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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