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.
More From TANGO
October 2026 – Founders Forum by Rollin Schuster
A huge thank you goes to our Colorado Ambassador, Donna Carlson, who orchestrated two days of back-to-back meetings with nonprofit senior executives and potential business partners. Donna did an incredible job bringing together thoughtful leaders who were willing to openly share what they are experiencing, what keeps them up at night, and what they need to help their organizations thrive.
Early Childhood Collaborative of Southington
Elderly Housing Management, Inc. (EHM) is a nonprofit property management organization dedicated to ensuring safe, affordable, and well-maintained housing for older adults and people with disabilities.
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