In a remarkably short time, our society has transitioned from the comfort of normalcy to the unease of pandemic as we long for a sense of stability. The nonprofit sector has been forced to adapt - to learn new skills like how to apply for a small business association loan, how to scan and email from our home computers and how to unmute the microphone on a video call. We’re also having to wrestle with hard decisions as we strive to keep the lights on while also showing compassion. The virus - and everything that comes with it - has reminded us of what is really important and why we took up the mantle of our cause in the first place.
The first quarter stock market decline was unwelcome,
but this is where our search for stability yields some good news.
Because endowments are designed for the long game, and our esteemed investment committee has provided stellar returns over the past decade, the portfolio is already showing signs of rebound. The forever-focus of endowments fortifies them against short-term market volatility. In fact, early projections indicate that the distribution for most endowments will be greater than last year. Whether you choose to reinvest for 2020 to more quickly recover from lost value, or you choose to receive the endowment distribution, your fund will be there to provide funding for your cause in perpetuity. And we walk hand in hand with you to continue to build support for your cause so that the next generation of leadership can reap the benefits of a strong endowment.