Jack's Journal - February 2021
The Financial Intersection of COVID Expenses and the (inflated) Stock Market
Jack Horak
Director of Nonprofit Education & Consulting
TANGO
Nonprofit organizations which are fortunate enough to have an endowment typically have two formal policies: an Investment Policy and a Spending Policy.
The first goes to the actual investments (what stocks and bonds to own), and the second goes to the percentage of the endowment’s value that will be spent in any one year.
In this month’s video edition of Jack’s Journal, I interview two TANGO Partners to discuss what impact, if any, should unusual expenses arising from the Pandemic have on the spending policy? Is it prudent, or imprudent, to tap the extraordinary market appreciation of the last 12 months? What are the investment and the legal implications in a situation of this type?
My guests are Ben Kille from Private Capital Group and Ed Spinella, Esq. from Murtha Cullina. We hope you enjoy the interview and please reach out directly to Ben or Ed with any questions you may have.
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One of the defining pressures on nonprofits right now is not simply that resources are tight. It is that uncertainty has become harder to separate from day-to-day decision-making.
Recent research shows how widespread that pressure has become. Many nonprofits are facing a difficult mix of rising service demand, tighter margins, funding uncertainty, and growing pressure to make confident decisions in real time.
CONTACT
TANGO
Jack Horak
Director of Nonprofit Education & Consulting
TANGO – The Alliance for Nonprofit Growth & Opportunity
135 South Road
Farmington, CT 06032
877-708-2646
tangoalliance.org