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Nonprofit Conference Gives Charities Tips to Navigate Rough Patches

first_imgSign up for our COVID-19 newsletter to stay up-to-date on the latest coronavirus news throughout New York Hundreds of attendees in the nonprofit sector will be on hand to hear from experts and network during the ninth annual Investors Bank Not-For-Profit Conference on Long Island next month.Titled “How To Manage In Turbulent Times,” the event will feature Keynote Speaker Ed Henry, President And CEO of the Doris Duke Charitable Foundation, who will discuss competitive pressures and a global economy.“Providing resources for nonprofit organizations is a large part of who we are as a bank,” says Jennifer Smith, the Community Development Officer at Investors Bank. “The conference is an opportunity for us to reach out to community organizations within the bank’s footprint in New York and New Jersey and help with networking opportunities and access to experts in fundraising, development and nonprofit tax law.”The goal for this year’s Investors’ Bank Conference is to motivate and inspire not-for profit professionals as they work together to help their clients amid the continuing trend of increased demand and decreased donations that makes their work so difficult and critical.“The conferences have both grown in size and the programs have evolved as well,” Smith says. “Raising funds just gets harder every year. Social media has also dramatically changed how nonprofits reach out to potential volunteers and donors. We’ve tried to incorporate these changes into our programming.”The speakers will provide guidance and case studies on how nonprofits can think strategically about what is central to achieving their vision.“We want to thank the Long Island Press and Queens Courier, as well as the Queens Chamber of Commerce, for your help with planning this free resource for nonprofits in Long Island and Queens.”The Investors Bank Not-for-profit Conference will be held 8:30 a.m.-12:30 p.m. Wednesday, Apr. 11 at The Inn at New Hyde Park, which is located at 214 Jericho Tpke. In New Hyde Park. The event is free of charge but registration is required. To register, visit: myinvestorsbank.com/nynfp or contact Jennifer L. Smith at 718-330-3830 or [email protected] investorsbank.comFrom left to right: David Rottkamp, Terrie Magro, Eric Alexander and Rhonda Klch.SCHEDULE OF EVENTS:8:30 am – 9:30 am: Registration and breakfast9:30 am – 9:45 am: Opening remarks from Investors Bank9:45 am – 10:15 am: Keynote presentation from Ed Henry10:15 am – 10:30 am: Q&A10:30 am – 10:45 am: Break10:45 am – 11:30 am: Panel Discussion with Rhoda Klch of First Equity, Terrie Margoof The Magro Foundation and Eric Alexandar of Vision Long Island11:30 am – 12:00 pm: Expert Session: Tax Reform with David Rottkamp of Grassi & Co.12:00 pm – 12:30 pm: Closing Remarks and RaffleMore speakers to be announcedlast_img read more

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Is your institution prepared for rising interest rates?

first_img continue reading » Historically, there are a few key indicators that can signal a potential rise in interest rates. Perception of a robust economy, increased consumer spending, and high employment levels could all combine to lead to a hike in interest rates. Higher interest rates reduce disposable income (and therefore consumer spending), increase the cost of borrowing, hamper the speed of economic growth, and limit the rate of inflation.Increased interest rates also increase the yield on financial institutions’ cash holdings. This creates a favorable environment for institutions to increase their profitability. In this fiscal environment, financial institutions should pay particular attention to how rising interest rates could affect their bottom lines.Deposit ProductsWhen interest rates are higher, banks and credit unions attract more deposits, and deposit products enjoy greater popularity among members.For example, according to The Financial Brand, when the federal funds rate was more than 5% in 2007, nearly 25% of consumers had a CD, but only 15% had one in 2017, when the interest rate was less than 2%. In 2007, 21% of consumers had a money market account, compared with 17% in 2017. ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblrlast_img read more