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April 2024 Chapter of the Month

Greater Birmingham Chapter

Making the Business Case for Simple Investments
In response to a surplus reserve fund, the Greater Birmingham Chapter board decided to develop an investment strategy, aiming to generate passive income while minimizing risk. They evaluated a wide range of investment options, including mutual funds, money market accounts, and certificates of deposit, to determine which would be the best fit for the chapter. After researching each option and drafting competing proposals, the board chose to invest a significant amount of chapter funds into certificates of deposit. Throughout the process, the chapter demonstrated prudent stewardship of chapter funds and the importance of proactive financial planning, allowing them to increase their interest earnings and promote the chapter’s financial sustainability.

CHAP-2024: April COM - Birmingham Board Photo

(Left to Right: Daphne Dansby, Chapter Advisor; Ryan Campbell, VP Technology; Jade Reardon, North Alabama GIG President; Eric Atkins, President; Harriett James, VP Finance; Jillian Miles Massey, VP Programs; Michael Glaze, VP Membership; Adam Roderick, VP Operations)