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Description
Vocal Characteristics
Language
EnglishVoice Age
Middle Aged (35-54)Accents
North American (General) North American (US General American - GenAM) US African AmericanTranscript
Note: Transcripts are generated using speech recognition software and may contain errors.
Hello, I'm shyness and I'm the executive director of a large nonprofit. I launched the organization out of my churches basement, if you can believe it. We have been blessed with a wonderful group of advocates and grew quickly. Our cause is one that many people have been able to get behind, and we've had a large amount of success with fundraising over the last 10 years. I'm quite pleased with the size of our cash reserves, which for a non profit of our scale, are quite impressive. Of course, giving has slowed down a bit since coronavirus. Once it spread to our region, we had to cancel our largest annual event, a charity ball in auction, which was difficulty. Our advocates found other ways to support us, which has been lovely. But the experience has forced me to start thinking a bit more about setting up an endowment fund. I'm not certain where to begin. I'll admit financial management isn't my forte, and our board is lacking someone with that particular skill set to. My biggest question is, how can we structure our endowment in a way that sets us up for long term success? I've thought about contacting an investment advisor, especially as our endowment has grown a lot over the last few years. Like I said, I'm proud of the funds we have in place, but I'm not sure were large enough yet to justify hiring someone to manage the investment. Plus, I'd want to make sure we choose the right advisor. One thing that's really important to me is making sure our endowment can withstand a market drop. I know that it's crucial that the endowment be structured properly. I think I might sleep better at night knowing that everything was structured so that we're able to depend on our endowment in the future.