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Sponsored by: Harpswell Advisors
Updated: September 28, 2020 2020 Giving Guide

Harpswell Capital Advisors, LLC

Jack Moore, CFA, President of Harpswell Capital Advisors

In Maine, we all enjoy summer and the opportunities it provides for exploration of our great State. Due to COVID-19, this summer felt different from others, but the physical beauty of Maine still shines bright. Another bright spot is the way Mainers have supported each other through these difficulties. As always, Maine’s not-for-profit community has been at the forefront of these efforts to help those hardest-hit by this crisis.

At Harpswell Capital Advisors, our thoughts are with everyone who is struggling during these difficult times. As a firm that was founded to serve foundations and nonprofits, we also recognize their particular challenges. 

Our first job is always to listen to our clients; a priority which became even more crucial during these unprecedented events. Harpswell’s specialization in the institutional endowment field means our clients come from all over. We utilized remote-meeting technology to be there for them when they needed it, where they needed it. 

As a boutique-firm that prioritizes client contact, we are heartened by feedback that our clients felt supported during the crisis. Here is what our nonprofit clients are telling us:

  • Foundations and not-for-profits have adapted, like most organizations, to the remote environment. 
     
  • Technology has made it easier than ever to stay connected and maintain strong relationships, even when many of our clients operate outside of Maine. 
     
  • This connectivity enabled us to support our clients in achieving tactical adjustments in an increasingly volatile market. 

There is no question that the world has changed, but volatility in the market is nothing new. The recent market sell-offs were stressful and we likely have not seen the end of extreme fluctuations related to the global pandemic and recovery efforts. But being prepared for standard market fluctuations, as well as additional heightened volatility, can help your organization feel less vulnerable. 

Reflecting on how your endowment assets weathered these recent events should also come with an analysis of your endowment’s purpose within your organization. Whether it serves as a rainy-day fund or is a source of daily income, your endowment advisor can help ensure your assets are aligned with your endowment’s purposes and your mission. Having an advisor focused on endowment management, as opposed to a traditional wealth manager, can help you conduct this asset-review and repositioning with more confidence.

Working together with our nonprofit clients to further their mission has always been Harpswell’s goal. This commitment was recently recognized by Investor.com, which selected Harpswell as the only Maine based firm for its 2020 list of “Top Charitable Financial Advisor Firms.”As one of only 108 firms in the nation to meet the rigorous criteria for this list, Harpswell is honored to be recognized for its dedication to charitable institutions, foundations and not-for-profits. 

Throughout this crisis, and all throughout the year, Harpswell Capital Advisors works with our clients as a fiduciary, advisor and resource. As Maine has showed during the pandemic, we are at our best and can achieve the most when we work together.