NEW YORK, April 6, 2011 /PRNewswire/ -- Bernstein Global
Wealth Management, a unit of AllianceBernstein L.P., announced
today it has launched a website dedicated to helping endowments and
foundations meet the pressing financial demands they face today
through the careful management of their grant-making policies. The
"microsite," which includes two groundbreaking research reports and
four webcasts, is designed to help virtually any type of non-profit
organization -- from family foundations to public foundations and
endowments.
The site URL is www.alliancebernstein.com/nonprofits
It can also be reached through Bernstein's home page at
www.bernstein.com
The research reports provide valuable insight into an area that
is often given short shrift by nonprofits and their financial
advisors: matching spending policy and asset allocation to the
organization's mission. The four webcasts focus on the highlights
of Bernstein's research, specifically:
- How the concept of "Total Philanthropic Value" can help align
grant-making policy with mission
- An analysis of spending smoothing formulas, showing how they
can be applied with greater effectiveness
- Spending through an economic slump: Determining if high
spending rates will threaten an organization's longevity
- A study of popular hybrid spending models, showing how small
changes to grant-making policy can have far-reaching
ramifications
Bernstein's research comes at an opportune time. "Spending
policy has become a hot button for nonprofits because of financial
market volatility and local budget crises," says Brian Wodar, a Director at Bernstein. "Many
nonprofits are struggling financially, yet the people and
organizations that depend on their grants are more in need than
ever."
"There are solutions," Wodar adds. "These are what our research
explores. We use a unique quantitative tool to help nonprofits
assess how changes in spending policy and asset allocation will
affect their ability to balance the dual goals of spending and
investing for the future."
About AllianceBernstein
AllianceBernstein is a leading global investment management firm
that offers high-quality research and diversified investment
services to institutional investors, individuals and private
clients in major world markets.
At December 31, 2010,
AllianceBernstein Holding L.P. (NYSE: AB) owned approximately
37.8% of the issued and outstanding AllianceBernstein Units and
AXA, one of the largest global financial services organizations,
owned an approximate 61.4% economic interest in
AllianceBernstein.
Additional information about AllianceBernstein may be found on
our internet site, www.alliancebernstein.com.
SOURCE AllianceBernstein