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FundFire: OCIOs, Consultants Call on Endowments to Re-Examine Spending Policies

Spending policies are often  overlooked when managing an endowment, according to a recent FundFire article. Investment providers, like OCIOs encourage clients to re-examine their spending policies on a regular basis. There is no one-size-fits-all approach and the policy should be different for each institution. “How much do you need to make, and how much risk are you willing to take to make that much,” says MJ Bobyock, our Nonprofit Advice Director. In a separate study conducted by SEI, it was found that 23% of the respondents were planning to increase the amount they’re spending due to a change in their spending policy. With more of a push towards re-examination, more institutions may be changing their spending policies. 

Read the full article here.

This information is provided by SEI Investments Management Corporation (SIMC), a registered investment adviser and wholly owned subsidiary of SEI Investments Company. The material included herein is based on the views of SIMC. Statements that are not factual in nature, including opinions, projections and estimates, assume certain economic conditions and industry developments and constitute only current opinions that are subject to change without notice. Nothing herein is intended to be a forecast of future events, or a guarantee of future results. This content should not be relied upon by the reader as research or investment advice (unless SIMC has otherwise separately entered into a written agreement for the provision of investment advice). There are risks involved with investing including loss of principal.

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