NABJ’s current investment strategy has underperformed badly. From 2019-2023, while the stock market averaged a 17.4% return, NABJ’s investments grew by less than 1.4%. Based on the investments detailed in NABJ’s tax filings, the organization missed out on over $5.3 million in potential returns during this five-year period.
I will shift our investment strategy to low-cost index funds, which would have significantly outperformed our current approach. Additionally, I will move millions in cash currently earning no interest into high-yield accounts, generating up to $150,000 in the first year alone.
These new revenue streams will allow for the creation of new programs, support and improve current offerings and help NABJ grow to become a more powerful, more responsive and better organization.