Nicola Morriss’ Post

Thanks Federica Cazzaniga, CFA, CAIA and CFA Society Switzerland for having me present. During this session, I will share my personal journey that brought me to Stonehage Fleming under an advisory capacity. The sudden loss of my father and the inheritance dynamics, after his passing, represented a turning point in my life on a personal, family and business level. I will conclude by providing food for thought - particulary relevant to whom is dealing with family dynamics and family wealth. #entrepreneurship #family #wealth

Prodigy Finance! To finance with loans for interest to support the third world /commonwealth countries-students lighten their burden of huge study costs for higher study and thereby contribute in conversion of human into human resources combindly: perhaps it is the most profitable business network now in the world! So try to revise your old-obsolete-British minded policy to retain your shared businesses in the modern world of sustainable business mainly driven by holistic marketing strategy and approach to explore and pick it up not cunningly but with utmost trust and honesty otherwise you may lose yours to the honest and sincere competitors very soon!

Seeing the latest report from Communia made me think about the value of long-term grant funding. In 2022 we made an eight-year grant to Communia to support core costs. This is something we are doing more frequently: our longest grants are now for ten years. Long term grants aren’t without challenges, but the ones that most funders fear - what if something goes wrong, or we change our strategy - are poor reasons to tie organisations to short-term grants. Grant-making organisations that constantly (re)strategise create so much anxiety and wasted effort among grantees who are left hanging, waiting to see which way they will have to jump. And tying organisations to short term grants means that if things do go wrong - which they do, from time to time, in any organisation - they don’t have the security of knowing that they have the time and the resources to put things right. Long-term grants need to be flexible enough to accommodate changes in direction by the grant-receiver (not by the grant-maker). There are risks around inflation - the compounding effect means the relative value of our award will be much less at the end, than the beginning. We haven’t tried index-linking grants, I don’t know if anyone else has? Let me know if so.

This is my fourth and final video in a short series addressing common questions about not-for-profits and charities. We get quite a few questions about family foundations and how to establish them from individuals and their advisers. This video deals with some of the common questions.

Tomorrow is the public day at the annual NAAG/NASCO conference, which is a unique opportunity to hear from state charities regulators about their priorities and concerns. I'll be moderating a panel on Boards Facing Crisis, where we'll be discussing sector and regulator perspectives on legal duties and best practices when a nonprofit is facing a major challenge, like the discovery of significant misuse of funds, that could give rise to legal and reputational risk. https://lnkd.in/eN-PzWXi

As we build our wealth and financial security, it’s essential to consider the ultimate destination of our hard-earned assets. When it comes to distributing our wealth, there are typically three major contenders: ➡️ our beloved family members, ➡️ the ever-present tax man, and ➡️ the noble causes supported by charitable organizations In our newest blog post, we explore the considerations and potential impact of each recipient, helping you make informed decisions about the legacy you leave behind. To read more, visit https://lnkd.in/gk5K4VPV

Center’s 5th annual Board Best Practices Video Shorts Third release: The Board Service Life Cycle Cast: Laurie DeArmond, Board Chair, America's Charities Guest appearance: Anne Schrantz, Partner at CohnReznick LLP, Board Leadership Award sponsor The look and feel of board service can differ greatly from board to board. Learn how this board has formalized the experience to create a clear set of expectations around service and how the role of board members evolves throughout their term. Watch the full video: https://lnkd.in/ehRzgnvW #boardaward #videoshorts #bestpractices

Did You Know? The relationship between the charitable entity, the family office, and individual family members, as well as the consequences and restrictions on charitable activities, influence the family office's compliance, economic, administrative, and tax planning functions. To learn more about the benefits of charitable contributions contact an RS&F advisor today: https://lnkd.in/eBmVBDXP . . . . #RSF #FamilyOfficeFriday #TaxPlanning

I really enjoyed talking to John Powlton from M&G plc about his trustee roles. Becoming a trustee is one of the best ways to gain leadership training in post, as well as helping a cause you're passionate about. Many employers are more than happy to support their employees develop their skills. If you'd like to find out more about how you can ask your employer to support your journey into trusteeship, or if you work in HR and staff development and you'd like to have a quick chat with me about the leadership gains of helping staff become trustees, my DMs are open! #charitytrustee #leadershipdevelopment

NEW WEBINAR: Join this session with Foundation Source's Chief Legal Officer Jeffrey Haskell, who will share the four main goals of economic development, a background on IRS-approved charitable purposes and mini case studies to help determine which activities qualify as being charitable. http://spr.ly/6048UL0kA #wealthmanagement