In this episode of the Nonprofit Podcast, May Harris, Esq. visits with Kate Azar from PNC Institutional Management. Kate emphasizes the importance of nonprofits’ investment strategy, particularly when managing endowments. She stresses that seeking professional advice is crucial in this regard. While endowments can benefit nonprofits, Kate highlights that they may not suit every organization. The discussion delves into the advantages and disadvantages of nonprofits integrating AI into their operations. It explores how AI can enhance efficiency, streamline processes, and improve nonprofit decision-making. However, it also addresses concerns such as data privacy, inaccurate data, and ethical implications of AI implementation. May and Kate touch upon the aging of nonprofit board members and the necessity of succession planning. They underscore the importance of grooming future leaders within the organization to ensure continuity and effective governance. This discussion offers insights and practical advice for nonprofits navigating challenges and opportunities in the nonprofit sector.