Nonprofits lag on investment policies � Philanthropy North Carolina

Nonprofits lag on investment policies � Philanthropy North Carolina: Among over 150 finance executives at trade associations, public charities and other nonprofits participating in a survey conducted in February for a third-party research firm and analyzed by Raffa Wealth Management, 38 percent lack guidelines that require sufficient levels of diversification and 43 percent neglect to indicate the degree of discretion given to outside advisers.