Carnegie Investment Counsel Blog

How to Improve Your Nonprofits’ Spending Policy Statement

Posted by Meg Halloran on Jun 29, 2021 1:30:00 PM

A spending policy statement (SPS) is crucial for nonprofits to ensure their funds are being spent in a way that benefits their mission, pleases their donors and adheres to legal policies. I see this firsthand as I serve as an investment committee member for my church. We meet quarterly to make investment decisions for the endowment and scholarship funds. As a Senior Portfolio Manager at Carnegie Investment Counsel’s Cleveland location, I am happy to share more information on improving a nonprofit spending policy.

Read More

Topics: nonprofit financial advisors, ESG, Nonprofits

The Paris Climate Accord – A Friend to American Business?

Posted by William Anderson on Jun 22, 2021 1:30:00 PM

The U.S. rejoined the 197-nation Paris Climate Accord. Under the accord, the U.S. has committed to reducing greenhouse gas emissions by 50% of 2003 levels. President Biden has also stated that his administration wishes to move the U.S. to net zero emissions by 2050.

There is a great deal of trepidation about the potential economic consequences surrounding this matter. The concern is that it will require a lowering of consumption in the U.S. and even our standard of life.

If these targets are not just posturing but serious goals, they may portend both large government spending and tax incentives. Rejoining the Paris Climate Accord may signify a historical capital spending boom by both government and private businesses.

Read More

Topics: Market, Economy, ESG

    Carnegie 20 Retirement Readiness Tips-2-2-min

    Worried you may outlive your retirement funds?

    Get retirement ready with our simple guide that puts the 20 components you need in one place.

    • How to estimate your annual expenses in retirement
    • How to know if you are saving enough to meet those needs
    • How to know if you have the right asset allocation for your comfort level

    Download Your Guide Below

    Recent Posts

    Subscribe here for monthly blog updates!