The benefits of partnering with the Parasol Tahoe Community Foundation are many:
Limit Conflict of Interest
With Parasol handling the investment and administrative responsibilities related to your fund, your organization avoids any conflict of interest and ensures your board and donors, both current and future, that funds will be allocated as intended.
Parasol provides excellent stewardship of the charitable assets entrusted to our care. Our Investment Committee is comprised of successful and experienced investment managers. Their careful oversight has resulted in strong performance for funds held at Parasol.
Parasol has crafted an investment model with four investment strategies. When opening your fund, your organization selects the strategy that best aligns with your goals and objectives for that fund. Your fund then benefits from the strength of a large pooled portfolio. The result is high quality, diversified investment management with low costs. Also, you may change your investment strategy as your fund balance grows.
Flexible Gift Acceptance
From simple gifts such as cash and credit card donations, to appreciated securities, closely held stock, real estate and other complex assets, Parasol makes acceptance of your donor’s charitable contributions for your fund easy. In addition, your organization may aggregate contributions according to your fund raising strategy, before contributing them to your fund.
Planned Giving Assistance
Managing planned gifts is one of Parasol’s core competencies. We are available to work with your organization’s staff, donors and their professional advisors to create planned gifts that benefit your fund at Parasol.
Focus on your Mission
With Parasol handling all fund administration responsibilities, your board, staff and volunteers are free to focus on what’s important – your mission.
The Parasol Tahoe Community Foundation provides two types of funds to meet your various goals and objectives.
Non-Profit Endowment Funds
Endowments are permanent funds that can help support your organization in perpetuity. They are invested with the goal of sustained growth and preservation of principle. They offer a permanent source of income for your organization and help to attract new contributions.
Non-Profit Investment Funds
These funds provide your organization with a savings vehicle that is invested according to your need for access and appetite for risk. Your organization makes deposits into your fund and then may access those funds on a structured basis; based on your organization’s time and use restrictions. These funds can be used in many ways: to build a “rainy day” operating reserve, raise funds for specific capital needs, invest program restricted funds for growth until needed and much more.
Establishing your fund at Parasol is easy. Here’s how:
Aaron Moore, Chair: Former Chief Technology Officer and Board Member of Zephyr Associates, a leading provider of investment analysis software
David Hardie: Chairman and CEO of Hallador Investment Advisors, Inc.
Dean Meiling: Managing Director of Pacific Investment Management Company (PIMCO), retired
Alvaro Pascotto: Private investor as well as a lawyer specializing in private equity and wealth management, tax planning, entertainment and intellectual property. Founder of Kairos Partners SGR S.P.A.
Lisa Petrie: Certified Financial Planner and Managing Director-Investments, Senior Portfolio Manager of the Petrie Group of Wells Fargo Advisors
Ryan Ritchie: Portfolio Manager and wealth planner with a local private investment firm; specialties include global macro research and manager due diligence. Holds a Master of Science in Investment Management from London's Cass Business School.
Elbridge Stuart: Trustee and Treasurer of Stuart Foundation; Former Director of Alternative Investments & Research, Coldstream Capital Management