The goal of my non-profit organization is to raise a large sum of money over the next 3 years. The money is obtained from individual donors. Instead of just having it languish in a 1% checking account, I'd like to put it in a higher-yield account. Many of the popular online savings accounts (HSBC, ING, Emigrant, etc.) only offer their accounts to individuals, not to businesses or non-profits. I'm looking for the best no- (or very low-) risk option.
2007-02-20 08:13:27 · 4 answers · asked by Anonymous in Business & Finance ➔ Investing
Try investing in a bond mutual fund. Make sure you get a fund that invests only in investment grade bonds of BBB or better, not "high-yield" bonds (aka "junk bonds" because the risk of default is considered high).
The biggest "risk" with bonds is that they don't have the potential for higher yields that stocks have, but they also don't fluctuate in value as much.
Those funds are very safe because the companies they invest in are considered the best credit risks. If something unforeseeable happens and one or two of the bonds they hold default, they won't be severely impacted because they hold diversified bonds to lessen their overall risk. Also, if the issuer goes into bankruptcy, the bond holders are considered creditors and have first claim to any assets the company still holds, as opposed to stock holders who get nothing unless all the outstanding debts are paid off.
If you are a tax-exempt non-profit, you will get higher yields on regular bonds versus tax-exempt government bonds.
2007-02-20 08:25:38 · answer #1 · answered by chimpus_incompetus 4 · 0⤊ 0⤋
check www.bankrate.com for high yielding checking or money market accounts. You might just have to call each bank you like to see if they will take your business. Also check with the national brokerage houses. You maybe able to "ladder" some CD's with them.
2007-02-20 08:26:55 · answer #2 · answered by gosh137 6 · 0⤊ 0⤋
sure absolutely everyone who works for the agency receives paid. even if it really is non earnings notwithstanding, it really is amenities are meant to be loose. If i pass to a non earnings wellbeing facility with a damaged leg, they're meant to address me for loose. those businesses run off of promises and donations.
2016-12-04 10:34:13 · answer #3 · answered by Anonymous · 0⤊ 0⤋
I know a company currently offering 38.90% annually without risk in USD or EUR.
Top 4 Answerer.
2007-02-20 14:39:56 · answer #4 · answered by Anonymous · 0⤊ 2⤋