Markets, economy leave many groups flush with reserves
- April 19, 2013 |
- WILLIAM EHART
Recovery in association dues revenue, strong investment portfolio performance sparks debate: How much money should we keep? Association reserves are rebounding, and in some cases reaching new highs, as an improving economy boosts revenues and the strong performance of stocks and bonds drives investment portfolios higher. At least one major trade group has even rebated dues to members. "It's not just market appreciation, but dues revenue streams and attendance at conferences and seminars and webinars are certainly up from where they were three or four years ago," said Washington-based Cynthia Keith, who manages funds for many associations as executive director of… Read More