[OMS_MANAGERS] Investing

[Sarah Lu Heath]

We’re looking for the bylaws regarding investing – sorry if I wasn’t clear in my original email.

Jonathan, would you be willing to ask to share the bylaws/policy/procedures that organization uses regarding investments?

Sarah Lu Heath
Executive Director
Astoria Downtown Historic District Association
No.1-12th Street, Suite 114
PO Box 261
Astoria, OR 97103
503.791.7940
www.AstoriaDowntown.com<http://www.astoriadowntown.com/>

From: OMS_MANAGERS [mailto:oms_managers-bounces at listsmart.osl.state.or.us] On Behalf Of Jonathan Stone
Sent: Wednesday, February 28, 2018 9:13 PM
To: Oregon Main Street program managers <oms_managers at listsmart.osl.state.or.us>
Subject: Re: [OMS_MANAGERS] Investing

How much are you looking to invest? You should keep everything above a rainy day reserve in savings. You can put the rest in a CD. I am on the board of an organization that has a couple hundred thousand in savings. That account earns .75% per year. Additional assets are saved in a CDARS account.
On Tue, Feb 27, 2018 at 8:30 AM Sarah Lu Heath <sarah at astoriadowntown.com<mailto:sarah at astoriadowntown.com>> wrote:
THANKS!

Liquidity is obviously a concern - do you know of a standard formula for how much to keep in cash, short-term investments, and long-term investments?

Sarah Lu Heath
Executive Director
Astoria Downtown Historic District Association
No.1-12th Street, Suite 114<https://maps.google.com/?q=No.1-12th+Street,+Suite+114&entry=gmail&source=g>
PO Box 261
Astoria, OR 97103
503.791.7940
www.AstoriaDowntown.com<http://www.AstoriaDowntown.com>

-----Original Message-----
From: OMS_MANAGERS [mailto:oms_managers-bounces at listsmart.osl.state.or.us<mailto:oms_managers-bounces at listsmart.osl.state.or.us>] On Behalf Of Paul M Cohen
Sent: Monday, February 26, 2018 3:38 PM
To: 'Oregon Main Street program managers' <oms_managers at listsmart.osl.state.or.us<mailto:oms_managers at listsmart.osl.state.or.us>>
Subject: Re: [OMS_MANAGERS] Investing

The Beaverton Downtown Association does not do this but other 501 organizations I work with do but only with very safe investments or guaranteed investments which today typically pay <1% for short term and less that 3% for 10 year investments. You also have to be careful if you have more than ~$250K at any one bank because anything over that is not federally insured unless you take special measures.

In long past years when short term rates were 5% and long term over 10% and inflation was significant, investing was standard practice; as interest rates and CPI dropped investing to earn more has become more difficult and risky. Also if you do invest Reserve Funds for > 1 year and you run into an emergency you have a problem.

Today non-profits I work with are earning .5% on our reserve funds but we have complete access to them, at least 1 is looking into a 1 year Federally Insured CD at 2.5%, 5 year CD's today are also paying 2.5%. Rates quotes are from Google and typical of what may be available.

-----Original Message-----
From: OMS_MANAGERS [mailto:oms_managers-bounces at listsmart.osl.state.or.us<mailto:oms_managers-bounces at listsmart.osl.state.or.us>]
On Behalf Of Sarah Lu Heath
Sent: Monday, February 26, 2018 1:18 PM
To: Oregon Main Street program managers
<oms_managers at listsmart.osl.state.or.us<mailto:oms_managers at listsmart.osl.state.or.us>>
Subject: [OMS_MANAGERS] Investing

Hi All,

Do any of your organization invest your reserve funds? We're looking at getting our money to earn more money, but would like to avoid reinventing the wheel, with guidelines/bylaws/regulations.

Any advice is appreciated - any documents would be huge!

Thanks,
Sarah Lu

Sarah Lu Heath
Executive Director
Astoria Downtown Historic District Association No.1-12th Street, Suite 114<https://maps.google.com/?q=No.1-12th+Street,+Suite+114&entry=gmail&source=g> PO Box 261 Astoria, OR 97103
503.791.7940
www.AstoriaDowntown.com<http://www.AstoriaDowntown.com>

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OMS_MANAGERS mailing list
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--
Jonathan Stone
Sent from my iPhone
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