Spring 2015

Dear Friends and Colleagues:


The summer is upon us and FAR program year is winding down, as is my term as Board chair.  As I pass the proverbial gavel to my successor, Susan Medick, I am really pleased with the progress we've made this year and feel that FAR's future is really bright.  Membership is growing, up almost 10% over last year and attendance at luncheons and nonprofit breakfasts is up as well.


Sometimes growth brings change, which in this case means changing luncheon venues to accommodate the increased interest.  The move from Suntrust, FAR's long-time home, doesn't mean that the FAR culture has to change.  That is what makes FAR special and the Board does not want that to change. 


In addition, the Board has been really busy working on your behalf this year: creating a strategic communication plan, expanding the breakfast program, dedicating more resources to paid speakers and beginning an upgrade of the website.  It's been such a pleasure working with such a dynamic and dedicated group of leaders.


So thank you to the FAR Board of Directors, Susan Medick, David Diedrich, Beverly Chin, Mindy Saffer, Matt Agresti, Russ Capps, Jack Deeds, Loretta DeLuca, Bill Grubb, Tom Harlow,  Andrew Jens, Lisa Queeney, Joe Strangl, Cito Vanegas and Eric West who are working together on your behalf to make FAR a stronger organization.


I hope to see you at a FAR luncheon or breakfast.  



David Keen, CPA
In This Issue
June Luncheon
Nonprofit Breakfast Discussion
FAR at FHRBOC 2015
FAR Gold Member Spotlight - Novick Group, Inc.
FAR Gold Member Spotlight - Capital One
FAR Gold Member Spotlight - Orion Investment Advisors
Guess Who's Coming To Dinner?
FAR June Luncheon - Registration Ends June 12!

Topic: Surviving and Thriving in the Age of Business Disruption

Speaker: Seth Kahan

When: Thursday, June 18, 11 a.m. - 1 p.m.

Where: Capital Hilton

Nonprofit Member Breakfast Discussion

Topic: Finance & Administrative Staffing

Host: Andrew Jens, ICCT

When: Wednesday, June 24


FAR at FHRBOC 2015

FAR Chair, Dave Keen (right) and Board Member Jack Deeds (left) at theFAR Exhibit Table
FAR showcased its value to community at the ASAE's Finance, Human Resources and Business Operations Conference (FHRBOC) from June 4-5 at the Washington Convention Center. 

ASAE's FHRBOC conference brings together finance, human resource and operations folk with this year's event titled "Prepare for the Unexpected".  More than 500 attended sessions designed to enhance their skills and connect names to faces.

The FAR was there and spread the word about our online presence and monthly networking and learning opportunities.  Thanks to Jack Deeds, National Cooperative Business Association, Derek Symer, AHT Insurance and David Keen, FAR Chair, for staffing the event. 

FAR Gold Member Spotlight


Lou Novick,


Julie Van De Wille
Senior Account Manager

For more than twenty-five years, Novick Group has retained our focus on a narrow and targeted client profile, specializing in the nonprofit market. Few brokers can claim our experience and depth of knowledge working with exempt organizations. Our role is to help clients better understand their own needs and, with our assistance, to help them make informed decisions around that understanding.


Advocacy on behalf of a client...guided only by the best interests of the client, is the foundation responsibility of every Novick Group employee.  Licensed to operate in all fifty states, we represent most major insurance companies and serve the needs of over fifteen hundred nonprofit clients nationwide, including associations, professional societies, educational institutions, advocacy groups, and health service providers. For more information, please visit www.novickgroup.com

FAR Gold Member Spotlight


Christine Cardinal.
Sr VP, Not-For-Profit Banking Group


Kathleen Malloy, Sr VP and Manager, Mid-Atlantic Not-For-Profit Banking Group

A top 10 Commercial bank in the US, Capital One has over $50B in commercial loans outstanding and manages more than $30B in deposit balances. Capital One offers a unique combination of product expertise, financial strength, personal attention and creative solutions.


Capital One's Not-for-Profit banking group has more than 75 years of combined service in the sector.  We are dedicated to supporting the needs of all types of nonprofit organizations throughout the Mid-Atlantic, including local and national associations, foundations, charitable organizations, religious and educational institutions and cultural arts institutions.  We understand the unique needs of nonprofits and through a relationship-based banking model seamlessly deliver a full array of taxable and tax-exempt financing, treasury management and investment services tailored to meet your organizations requirements.


Capital One is locally headquartered in the Washington DC metro area, giving you direct access to local decision makers.  Get one-on-one guidance from a dedicated relationship manager and team of seasoned professionals that live and work in your local community and will use their expertise to meet and anticipate your needs.  At Capital One, we know that every business has its own challenges and opportunities and our focus is on getting to know the way you operate and understanding where you want your business to go.  

FAR Gold Member Spotlight


Rob Olcott, Managing Director
Bill Fisher,

For the past 25 years the consultants at ORION Investment Advisors, a subsidiary of the Olcott Consulting Group, have helped the fiduciaries of non-profit organizations establish processes and policies designed to achieve their long-term investment objectives. Working with ORION, an independent, employee owned firm, your organization will have access to: 

  • Objective investment counsel that strives to avoid conflicts of interest.
  • A disciplined investment process designed to manage risks and help your organization fulfill its fiduciary responsibilities.
  • Investment managers typically available only to the largest organizations.
  • Research and manager due diligence from Callan Associates®, one of the country's leading investment consultants.
  • Customized performance reporting to help monitor performance of your overall fund and each investment manager.
  • Benchmarking to help you compare your investment strategy and results with other comparable organizations.
  • Retirement plan advisory services designed to assist you in meeting your fiduciary responsibilities. 
Guess Who's Coming To Dinner?
How To Prepare Your Association's Investments For The Threat Of Market Volatility
By: Ahmed Farruk, CIMA®, AIF®, Deputy Managing Director

We all have THAT relative.  The one you hope to see only once every few years.  The one that leaves the house a mess, believes his personal political beliefs should be government policy, and always finds a way to have one too many glasses of wine with dinner.  He's not always there, but when he is, he generally makes life miserable for everyone around him.   


For investors, THAT relative is market volatility.  Uncle Volatility hasn't been around much for the past five years.

And, not surprisingly, no one's complained.  After all, the global equity markets have produced double digit annualized returns over that time.  And in a low interest rate environment, bond returns haven't been too shabby either.  But many are of the opinion that Uncle Volatility is coming back, and he may be packing a large suitcase.  Here's why he's coming and what your association can do to prepare.


(Read more, click here)
FAR Printed Member Directory

FAR staff will be preparing the printed member directory this summer in time for the new membership year in September. Before then, we need you, FAR Members, to log in to your member profile, review your contact information and make updates as needed by June 19, 2015. Updates are the responsibility of the member, so please take a few minutes to make sure everything is current. Thank You! 

FAR Membership Renewals

FAR membership renewals will begin late summer. Updates will be posted on the website and emailed to members.
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10 Reasons to Join FAR

1. You're a busy professional and need to stay current in your field.

2. Monthly CPE-designated luncheon programs.

3. Knowledgeable, high-quality speakers.

4. More than 200 associations, nonprofits and professional

5. Welcoming and relaxed environment.

6. Access to professional resources and connections.

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8. Forum for executives to network.

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