From time to time, Lancaster Pollard Investment Advisory Group authors white papers, articles and case studies appropriate for nonprofit organizations.

Making the Decision to Finance: A Primer on the Borrowing Ability of Nonprofit Organizations
This white paper provides an introductory look at the world of nonprofit finance and points out the favorable terms enjoyed by nonprofits when they seek to borrow money. View white paper>>

Spending Time on Spending Policy: Rules To Live By
In light of the current economic conditions and the decreased value of most endowments, many organizations are re-examining their investment strategies. Often overlooked: Spending policies must have not just the proper annual spending amount but also be adequately defined. View article>>

Class Act
In this article for Business Officer magazine: investment strategist Adam J. Smith suggests a different take on investing: Allocate among, rather than within, asset classes to reduce volatility, increase return and protect liquidity. View article>>

Why Nonprofits Fail: A Case Study
This short case study illustrates the importance of fiduciary policies and board governance in nonprofit organizations. Specifically, it addresses what can go wrong if a nonprofit relies too heavily on its endowment to subsidize operating shortfalls. View case study>>

About Reimbursement Resolutions
This short case study explains what a reimbursement resolution is and the importance of considering whether to pass one early on in a financing. View case study>>