A Board Member’s Guide to Investment Oversight

A Board Member's Guide to Investment Oversight

This blog is part of our co-branded series "Collaborating for Impact" which brings together the expertise of Chazin & Company and partners serving nonprofits to equip organizations with even more valuable resources and insights.

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Making certain your organization has adequate financial resources is a key component of your responsibility and can be tied directly to the oversight and success of your investment program.  So what specifically is your role in oversight of the investment program?

  • Structure
    Ensure the organization has the proper structure for oversight of the investment program. For many boards this means establishing an oversight group (typically a finance or investment committee) of qualified individuals. As a board member you want to spend time recruiting financially savvy members that have the background to most effectively oversee the investment program.
  • Hire Advisors
    Your board or oversight group should not be selecting the individual investments, but rather recommending the selection of an investment advisor or consultant to the board. Selecting an advisor who will act in a co-fiduciary manner ensures that the organization’s best interest will be put first. The selection of an advisor should be undertaken with care and may involve issuing a Request for Proposal to several qualified advisors.

Nonprofit Investment Management

United by a common interest in creating innovative, client-centric solutions for under-served investors, our team came together and founded eCIO to democratize institutional, low-cost investment solutions. By utilizing the latest technology, investment programs once reserved for only very large institutions are now accessible to nonprofits of any size.

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Chazin & Company

With over 19 years working exclusively with nonprofits, we pride ourselves in having a unique understanding of nonprofit accounting needs. We believe that nonprofits deserve personalized, quality service and should not settle for a one-size-fits-all approach. We collaborate with you to provide a fully virtual and customized solution that is not only cost-effective but also strengthens your accounting function. We offer a team of industry experts at your disposal to provide advice, leading technology, and to supplement existing staff to improve efficiency and compliance.

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