Module 2: Unit 5
As a foundation board member, you have the awesome — and sometimes totally intimidating — responsibility of making important financial decisions.
In this unit we'll define complicated jargon, suggest questions to ask your family and investment managers, and provide sample policies for you to practice reading. These activities will prepare you to understand and actively participate in your family foundation's investment strategy.
Glossary of investment terms
For those of us who don't have a finance degree, the lingo of investing can be confusing. This glossary is a great alternative to furiously googling every other word during the finance update of your next board meeting.
Policy Central: Investing, Impact Investing and Spending Policies
Policy Central is NCFP's hub for all the policy and procedure samples we've collected from our network over the years. Take a look at the investment policy statements to get a feel for how other foundations articulate their strategy. Also be sure to check out the investing questionnaire to check your knowledge of your family foundation's investment policy.
Robinhood - free stock trading
Practice investment management on a small scale. Apps like Robinhood and Motif allow users to build their stock portfolio, learn about the market, and try their hand at investing without the high trading and management costs.