Author: Corey Fick

This month we will have a panel of experts who will share their knowledge and experience on how to manage the working capital resources that keep your organization running on a day-to-day basis. In more practical terms, what strategies and tools can be used so that cash doesn’t sit idle in an operating checking account or a  low-interest bank savings account.  Our panel will include:

• Karen Kelley, Vice President of Operations, the McGovern Foundation
• Mark Paley, Director of Administration and Finance, the Hyams Foundation
• Todd Ellis, Managing Director of Client Accounting Services, Walter Shuffain CPAs
• Thatcher Freeborn, Managing Director, SVB a division of First Citizens Bank

Resources:

Cash Management Slides

Sample Cash Management Policy

Sample Investment Policy

Ronnie Meyers, a co-founder and broker on the Benefits Success Team at FH Insurance will present strategies for designing health benefits, and, in particular, health insurance plans.  Ronnie will share considerations for health benefit strategy, plan designs, customizing benefits to reflect organizational values, and creative use of tools, such as HRA’s, to address gaps or to further support employees’ well-being.  In addition to cost-savings, Ronnie will speak to ways your broker may be able to provide support both management and employees, including open enrollment presentations, individual guidance, serving as a resource throughout the year, and facilitating claims.

Presentation Materials

Come learn about the biggest cybersecurity risks businesses face today, the most common methods hackers & thieves use and what you can do to defend yourself and your organization.

Presenter: Mike Bistis is a Service Desk Manager at OunceIT. Mike joined OunceIT in November 2022 after 11 years of providing IT support for independent financial advisors. While his degree may be in Communication, he spent many of his formative years tinkering with PCs and small electronics, leading him to pursue a career in IT during undergrad.

Description: Over the years, Bridgespan has helped scores of nonprofits and NGOs learn about their RAPID® decision making framework.  The RAPID® framework can help your team create a shared language for decision roles and bring transparency to your decision processes. It helps clarify who provides input to a decision, who shapes the decision and ultimately decides on it, and who carries out the decision once it is made. Bridgespan has found it to be highly effective, and also easily adaptable to different situations, team sizes, and types of organizations

Presenter: Lindsey Waldron is a principal in Bridgespan’s Boston Office. She has worked with a variety of nonprofit and philanthropic clients on strategic planning and execution. She has also worked on the development and facilitation of Leading for Impact®, Bridgespan’s two-year consulting and capacity building program for nonprofit executive teams.  Prior to joining Bridgespan, Lindsey was a fellow with Education Pioneers, spent time in the classroom as both an English professor at a university in Santiago, Chile and as a Citizen Teacher in the Boston Public School System, and spent many years at PwC and Bain & Company.  Lindsey earned her MBA from the Kellogg School of Management at Northwestern University and a Bachelor of Science in Business Administration from the University of Richmond. 

Latest RAPID Article + video explainer

It is widely recognized that worker’s financial lives impact their work lives – either in reduced productivity, increased absenteeism or turnover. This is especially true for workers who live on low and moderate incomes, who are disproportionately people of color and women. The question that will be discussed in this session is what can employers do to support the financial health of workers and how do you balance workers’ privacy and employer’s interests. This will be an interactive session where Melissa will lead a discussion about what the research says about the specific problems that workers face and what you all are seeing; the benefits that most employers already offer that could be redesigned to support financial health, and the current specific workplace financial wellness products that are in-market and your experiences with their efficacy.

Melissa Gopnik brings over 20 years of strategic nonprofit leadership to this role. Throughout her career, she has combined her talents in strategic planning, program and product design, research, and public speaking to promote justice and equity. A longtime member of MPFM, more information about Melissa can be found on her website www.melissagopnik.org.