SONI helps nonprofit organizations verify that their investment policies are “normal” and that their investment fees/performance returns are in line with other, similar organizations. To date, more than 2,000 nonprofit organizations have participated in SONI.
SONI data is collected through an annual survey of nonprofit executives. Any organization can participate and survey answers are self-reported by participants. Raffa Wealth Management aggregates the data and groups the results by nonprofit type (public charity or association) and budget/portfolio size. Three distinct reports are produced and published:
- SONI Executive Summary
- SONI Associations
- SONI Public Charities
Survey participants receive the reports for free. Nonprofit executives use the reports to facilitate discussion with their boards and investment committees.
The current SONI survey launched in January 2021. Contact SONI@raffaadvisers.com for more information.
Participate in SONI
Any nonprofit organization is eligible to participate in SONI. The survey is released at the beginning of each year. Results reports are distributed to survey participants in the spring. Non-participants that are nonprofits may purchase the SONI reports for a fee.