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What is SONI?

Launched in 2012, Raffa’s Study on Nonprofit Investing (SONI) enables nonprofits and associations to make decisions with an understanding of how their peers invest and think about strategic, governance, and operational investment priorities.

Be Part of Our Study

Join the thousands of nonprofit and association executives who have participated in SONI over the past decade!

Raffa’s latest SONI survey explores the investment related strategic, governance, and operational priorities nonprofits and associations are focusing on next year.  Click below to participate!

The survey should take no more than 5 minutes to complete.  All responses will be aggregated and anonymized.

Lessons Learned from a Decade of Raffa’s Study on Nonprofit Investing

To celebrate 10 years of SONI, Raffa dug deeper into the past decade of results to identify key trends and takeaways. We’ve learned that fees matter, policy guidelines that instill discipline for decision-making are prudent, and having objective benchmarks hold all those involved in the management of the portfolio accountable for results.  

Download our lessons learned to explore insights for charities and associations. 

Raffa was created specifically to serve the investment needs of nonprofits and associations

For 20 years, we’ve developed custom investment strategies designed to maximize your impact. Our approach is informed by deep internal and external experience and industry leading research.

Purpose-Built for Non-Profits and Associations
Investing for nonprofits and associations is unique. We tailor strategies and reporting for your legal, ethical and governance responsibilities. We provide interactive Board education to empower leaders to make more effective financial decisions.
Access to Best-in-Class Investment Solutions
Our boutique experience is backed by industry leading fund managers, financial analysis and investment solutions through Charles Schwab and our internal and external investment committees.
A Strategic Partner by Your Side
More than an advisor, Raffa aligns your investments with your strategic goals and helps leverage reserves to further your mission.