039: Thoughts on the need for a reserve and risk management

My guest for this episode is Maya Tussing. Maya is a Partner at Fairlight Advisors, providing investment management and risk consulting services for philanthropic institutions and individuals. Fairlight Advisors was founded to help philanthropic leaders fulfill their missions with investment and risk solutions. Fairlight provides investment management services offering nonprofits and philanthropic individuals a widely diversified and cost-effective investment strategy aligned with their financial goals. Fairlight also provides risk management consulting, taking a disciplined approach to helping philanthropic leaders deliver on their missions and prepare for the unexpected. Maya has worked in the investment services industry for almost 25 years. Over the last 20 years, she has held senior risk management roles at firms such as BlackRock, Barclays Global Investors, Visa, and GE Capital. Maya has coached hundreds of men and women at all levels of corporate and non-profit organizations to achieve personal and professional success and satisfaction. Maya has been sitting on boards for over a decade and volunteering for many more years. Maya holds a B.A. from Pomona College and an MBA in international finance from the University of Washington. Maya and I discuss risk management and why nonprofits need a reserve, how much it should be and other insights. Be sure to subscribe to Inspired Nonprofit Leadership so that you don't miss a single episode, and while you're at it, won't you take a moment to write a short review and rate our show? It would be greatly appreciated!   Let me know the topics or questions you would like to hear about in a future episode. You can do that, and follow us, on Facebook. To get the free guide I created for you go to: How to Engage Your Board in Fundraising To learn more about our previous guests, listen to past episodes, and get to know your host, go to www.hilandconsulting.org. You can learn more about Maya at Fairlight Advisors