Posts by Winters Richwine
Biblically Responsible Investing 101
Biblically Responsible Investing (or “BRI” for short) is a form of faith-based investing. BRI focuses on the Christian faith, though there is a large degree of nuance across various denominations and philosophies. BRI is also considered to be part of the Socially Responsible Investing movement. However, BRI often varies significantly from a secular Socially Responsible…
Read MoreHow to Choose a Nonprofit Financial Advisor
Introduction Choosing a nonprofit financial advisor can be a difficult task. Nonprofit organizations can benefit from selecting an advisor who specializes in the unique financial considerations of nonprofits. Different service offerings, fee schedules, and investment approaches pose challenges in the decision-making process. Furthermore, a lack of published reviews makes it difficult to determine whether a…
Read MoreInterest Rate Commentary – October 2021
Federal Reserve Comments & Projections In response to economic fears from COVID-19, the U.S. Federal Reserve initiated a series of Fed Funds rate cuts (including an emergency rate cut) to bring the Fed Funds target rate to 0.00% – 0.25% as of March 15, 2020. After a short period of shrinking, the Federal Reserve’s balance…
Read MoreWhat is a Donor Advised Fund?
Introduction to Donor Advised Funds Donor advised funds (DAFs) are a rapidly-growing giving tool: DAF assets nearly doubled from 2015 to 2019. They provide flexibility in the timing of the charitable deduction, the timing of the ultimate charitable gift, and the selection of investment approach. Furthermore, they are accessible to many donors and offer several…
Read MoreFinancial Stewardship: Don’t Bury Talents
Then you ought to have invested my money… I should have received what was my own with interest. -Matthew 25:27 As an investment consultant for Christian nonprofits, Cornerstone Management often encounters organizations with a conservative philosophy toward investing. We believe that approach can be wise stewardship, particularly when we consider that the funds entrusted to…
Read MoreEndowments: Multiplying Gifts
Here is a boy with five small barley loaves and two small fish, but how far will they go among so many? -John 6:9 One of Jesus’s most well-known miracles is the feeding of the 5,000. This event is inspiring on many levels: His concern for meeting the needs of the people, the experience…
Read More