A More Transparent Endowment
Situation:
The volunteer Treasurer of a Michigan nonprofit needs help investing its endowment.
How We Help:
We can recommend an investment strategy to be presented to the board, then execute it consistently once it’s approved. We provide the Treasurer with regular communications about what we’re doing with the organization’s money, and we help answer the board’s questions as well. We can also work with the nonprofit to identify investments to exclude, such as “sin stocks” (alcohol, gambling, etc.), or even companies based in a specific geography. If and when the Treasurer eventually passes the torch to the next volunteer, he also passes on his relationships with Provident’s portfolio managers.
Disclaimer
Limitations: The above is a hypothetical scenario-not involving a specific Provident client. It illustrates the hypothetical experience of a fictitious client based on a scenario that an actual client might experience. The scenario is designed to help illustrate how Provident might provide services to similarly situated clients. Keeping in mind that no two clients, situations, or experiences are exactly alike, the above should not be construed as an endorsement of Provident by any of its past or current clients, nor any assurance that Provident may be able to help any client achieve the same satisfactory results. To the contrary, there can be no assurance that a client or prospective client will experience a certain level of results or satisfaction if Provident is engaged, or continues to be engaged, to provide investment advisory services. A copy of our current written disclosure Brochure discussing our advisory services and fees continues to remain available upon request.
