Posts Tagged ‘Financial Management’
The (New) Best Practices for Fixed-Rate Investments By Jeremy Moore
Optimize the Return on Your Investments Like all nonprofit organizations, faith-based institutions strive to maximize their investment returns with little or no risk. When we discuss portfolio composition with our clients, fixed-rate investments, such as money market funds, certificates of deposit (CDs), or even bonds, are often the favored ways to make their cash reserves…
Read MoreThe Best Use of Wealth By John M. Thornton
A Biblical Perspective on Wealth Quickly skim through the “Red Letter” section of the Bible, and you’ll find that Jesus has much to say about wealth. Yet there is only one place where he tells us the best use of wealth. In an odd and confusing little parable, the Parable of the Shrewd Manager, Jesus…
Read MoreWhen Is the Best Time to Invest? By Sarah Newman
When is the best time for a nonprofit to invest? In every portfolio construction presentation to nonprofit organizations, we anticipate this question: “What dollar amount is right to invest in our organization’s excess funds?” Some nonprofits want to start a foundation or endowment with a targeted dollar amount. Some organizations also look for an answer…
Read MoreFaith-Based Portfolio Screening by Richard Todd
Faith-Based Portfolio Screening to Align with Values Faith-based organizations — churches, dioceses, religious orders, and other religious institutions – have often created portfolios for their investments assets that are aligned with their values. It is common to see them screen out companies connected to abhorrent practices or that are involved in industries that violate their…
Read MoreWhy You Need a Continuity Plan By Andrew Casanova
Are Possible Cancellations in Your Continuity Plan? As Judeo-Christian values decline in the public sphere and historic Christian beliefs are challenged in growing legislation across America, and ministries need to seriously consider the breadth of their business continuity plan. In addition to making provisions for natural disasters, technological failures, and security breaches, there may be…
Read MoreWhy Budgeting is Important By Greg Henson
Budgeting is Important for Christians If you want a snapshot of where you are in your walk with Christ, look at your budgeting and walk through it with a spiritual director, your pastor, and a fellow Christian who is not part of your family — together, at the same time, in the same room. SELF-ASSESSMENT…
Read MoreHow to Grow Operating Reserves By Natalie Roderick
You Can Intentionally Grow Your Operating Reserves Most nonprofits are comfortable in having sufficient operating reserves to ensure their continuity, whether 30 days of reserves, three months, or even longer. Many are keeping these reserves in a checking or money market account, even when the dollar amount may be in the millions. An idea to…
Read MoreThe New Lease Accounting Standards By Lisa D. Wabby
Planning for the New Accounting Standard for Your Leases It is time to learn and plan for a new accounting standard related to your lease. One significant update is ASC 842, Leases. Under this new accounting standard, organizations that lease assets will now be required to recognize a right-of-use asset and lease liability for operating…
Read MoreIs GameStop a Game Changer? By Bryan C. Taylor
Social Media becomes the game changer for GameStop. The recent move in GameStop has raised eyebrows and set the social media world on fire. Many wonder what is actually happening behind the scenes. Given the questions we are fielding, many are also concerned about ramifications for the broader markets. While it is certainly possible that…
Read MoreFinancial Reflections and Resolutions By Winters Richwine
Financial Reflections and Resolutions At Cornerstone Management, we recommend 2020 reflections and 2021 resolutions for ministries to help you start the year well. These recommendations incorporate lessons learned during 2020 and our views for 2021. We hope these insights help place your organization on firm financial footing going forward. REFLECTIONS 2020 While difficult for many,…
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