EDUCATION CENTER

The latest thoughts on investment strategy and the markets, plus tools and templates from Raffa’s portfolio management team to empower nonprofits and associations to make better informed investment decisions.

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Education & Guides

Values-Based Investing for Nonprofits and Associations: How to Choose Between ESG, SRI, and Impact

How nonprofit and association boards choose among ESG, SRI, impact, and mission-aligned investing: what each means, fiduciary duty, and how to decide.

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Education & Guides

ESG Investment Policy for Nonprofits and Associations: Creating, Benchmarking & Monitoring Policy

How nonprofit and association boards include ESG criteria in their investment policy statement, benchmark against an ESG index, and monitor compliance.

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Market Commentary

September 2026 Market Commentary & Outlook

U.S. stocks posted strong gains in August, supported by another solid corporate earnings season and continued economic resilience. International stocks also advanced but trailed their U.S. counterparts. Bonds ticked up in August despite continued pressure on longer-term government bond yields. Learn more.

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Education & Guides

Related Foundations: Is Your Association Avoiding the Legal Pitfalls and Maximizing Its Opportunities?

Nonprofit attorney Jeff Tenenbaum on why associations form 501(c)(3) related foundations, the legal traps to avoid, and how to keep both entities separate.

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Education & Guides

5 Signs Your Nonprofit Is Ready to Hire an Investment Advisor

A nonprofit is usually ready to hire an investment advisor when more than one sign appears rather than after a single event. Reserves may have grown, the investment policy may have fallen behind, committee members may have changed, or the person managing the portfolio may have been doing so informally for years. Any one of these can be managed for a time, though together they often indicate that the organization's investments have outgrown the oversight structure around them.

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Education & Guides

What Investment Management Looks Like for a Nonprofit

A strong Investment Policy Statement (IPS) is central to effective board governance and fiduciary responsibility. It sets the guidelines your board governs against and keeps your investment program aligned with objectives. Learn about best practices to consider and components to include when creating or updating your IPS.

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Education & Guides

Association Pricing Strategy: The Three Building Blocks

Most associations set prices every year. Far fewer have a method for it. Prices get carried forward, nudged up by a round number, or copied from a peer organization. There are three building blocks to consider when developing your association pricing strategy: data, value, and price. Working through these blocks helps your organization’s pricing structure become more intentional.

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End-of-Summer Raffa Team Update

With summer coming to an end, learn about the Raffa team's highlights with family trips, life changes, and other summer fun. What are your summer highlights? We would love to hear them!

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Market Commentary

August 2026 Market Commentary & Outlook

U.S. stocks posted strong gains in August, supported by another solid corporate earnings season and continued economic resilience. International stocks also advanced but trailed their U.S. counterparts. Bonds ticked up in August despite continued pressure on longer-term government bond yields. Learn more.

Read Now