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October Luncheon "Sizing & Investing Nonprofit Reserves""

  • 11 Oct 2022
  • 11:30 AM - 2:00 PM
  • AdvaMed | 1301 Pennsylvania Ave., Suite 400 Washington, DC 20004

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  • Nonprofit Member

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Most nonprofit organizations and associations should have an “emergency fund” of operating reserves to offset the risk of revenues failing to cover expenses.

But amid inflation and market volatility, there isn’t a one-size-fits-all solution for how much you should set aside—and whether to hold reserves in cash or invest them. In this upcoming FAR conversation, institutional finance experts will present a clear framework for mitigating your specific risks.

Jordan Forney will interview Travis Allen, a national leader from Bernstein’s Foundation & Institutional Advisory team, to present a thoughtful approach and framework that executives can use to adjust the size and allocation of short and intermediate term investments amid today’s high levels of inflation.

Determine whether you should maintain higher (or lower) reserves than any “rules of thumb” may otherwise indicate, and how to put funds to use across a risk/return spectrum appropriate for your specific purposes in today’s volatile environment.

Attendees will learn: 

  • Right-sizing reserves in an inflationary environment.
  • Different investment strategies for different types of reserve funds.

Presenters: Jordan L. Forney, Vice President, Financial Advisor, Bernstein’s Wealth and Investment Strategies Group

Travis Allen, Senior Investment Strategist & National Managing Director, Bernstein Foundation & Institutional Advisory 


Travis A.Allen is a Senior Investment Strategist and National Managing Director in Bernstein’s Wealth and Investment Strategies Group. He is also a member of Bernstein’s Private Client Investment Policy Group, which provides asset allocation, investment, and risk-management advice for high-net-worth clients, endowments and foundations. He has also been a member of Bernstein’s Responsible Investing Committee since 2013. Travis joined the firm’s Washington, DC, office in 1998. Since 2003, he has been a member of the Wealth Strategies Group, serving as an analyst and senior analyst before becoming a Director in 2011. He was named Senior Portfolio Manager in February 2012. Travis earned an AB from Brown University and an MBA from the University of Maryland. He is a trustee of the Maret School, YouthBuild USA and the Kingman Boys and Girls Club.



Jordan L. Forney is a Financial Advisor in Bernstein’s Washington, DC, office. His practice is focused on advising the nonprofit community, including membership associations, advocacy organizations, foundations, and endowments. Jordan joined the firm in 2012, initially as a member and manager of the local client service team, and he stepped into his current role as an advisor in 2016. He is active in the DC community and serves in committee and board member capacities at KIPP DC, the Boys & Girls Clubs of Greater Washington, and the Georgetown Lombardi Comprehensive Cancer Center. He is also an Associate Member of the Economic Club of Washington, DC. Jordan earned his MBA from Duke University’s Fuqua School of Business and his BA in economics from Yale University. 


    Knowledge Level: Overview

    Field of Study: Finance & Investments

    Prerequisites: No prerequisite is required

    Advanced Preparation: No

    CPE Credit: 1

     

    When: Tuesday, October 11, 2022 | 11:30 a.m. - 2:00 p.m.
    Networking 11:30 am 
    Lunch  12:00 am
    Presentation 12:25 - 1:30 pm

    Where: AdvaMed | 1301 Pennsylvania Ave., Suite 400 Washington, DC 20004


    Parking: There is parking on the street and in pay garage around the building.

    Metro: The Metro Center is 1 block away. 

    Important: Please be prepared to show your ID for security purposes. This build has no COVID restrictions. 

    FAR members, please make sure to log in to the FAR website to receive FAR member registration options. 

    This program is approved for CPE and CAE credit.

    FAR is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State Boards of Accountancy have the final authority on the acceptance of individual course for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.  For more information regarding refund, complaint, and program cancellation policies, please contact the FAR office at: 1325 G Street NW, Suite 500, Washington, DC 20005 or email (hq@far-roundtable.org). There are no refunds or cancellations accepted after January 10, 2020. Field of Study: TBD Program level is basic – update. There are no pre-requisites nor advanced preparation. It is Group-Live delivery method. Sponsor ID: 109395

    FAR is a CAE Approved Provider. Program(s) will be evaluated monthly to meet the requirements for fulfilling the professional development requirements to earn or maintain the Certified Association Executive credential. Every program that we offer which qualifies for CAE credit will clearly identify the number of CAE credits granted for full participation, and we will maintain records of your participation in accord with CAE policies. For more information about the CAE credential or Approved Provider program, please visit www.asaecenter.org/cae.




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