Mainebiz Giving Guide

W W W. M A I N E B I Z . B I Z 3 G I V I N G G U I D E 2 0 2 2 – 2 0 2 3 T:12.5" B:13" Collaboration. Empathy. Resilience. Action In uncertain times, Maine's nonprofit com- munity has continued to show up for the individuals and communities in Maine that are most in need of their support. While the past few years have presented challenge after challenge, they've also shown us the strength and ingenuity of Mainers. As a local, not-for-profit health insurance provider, Harvard Pilgrim Health Care provides health benefits to more Maine businesses than any other health insurance provider in the state. 1 We understand what it takes to operate nonprofit organizations like yours, and we also understand the immense amount of pressure that your organizations have felt throughout the pandemic, and now, during this period of economic uncertainty fueled in part by an extraordinary inflation environment. Added to this pressure is your commitment to keeping your workforce healthy. For all of us at Harvard Pilgrim Health Care, helping to support the health and wellbeing of our members and our communities is at the core of our business. And as your neighbors, we have a vested interested in ensuring that communities, businesses, nonprofits, and individuals throughout Maine are empowered to live healthier lives. Our health plans are crafted to meet the needs of Mainers and we've been on the forefront of offering enhanced benefits to address increased health care demands and diverse needs. But our call to action goes beyond insurance coverage. rough our Point32Health Foundation, we've provided $1.5M to community organizations throughout Maine in 2021, and $1.93M in COVID-19 response grants in our Maine communities since 2020. ese investments have gone to local community organizations and non-profits across our state, reaching into our northern communities, who often face greater economic instability, geographic isolation, generational poverty, and less access to medical, dental, and mental health care. We recognize that the needs across Maine are widely varying, which is why we will often work with you to tailor support on a local level. We also are proud to partner in alongside you and your teams in the work as well, with our team offering over 105 volunteer hours in 2021 supporting many of Maine's nonprofits. We believe we can have the highest impact on the community by working together. Long before the pandemic, Harvard Pilgrim was there for you, and we'll continue to be there in the future. But it's during these times we are reminded of how important it is to look out for each other, and to take care of those who need it the most. Harvard Pilgrim is proud to be your trusted local partner in Maine. And I'm honored to work for a local not-for-profit company that is committed to improving the quality of health — and life — throughout my home state. Bill Whitmore Vice President Harvard Pilgrim Health Care From planned giving, to risk management, Harpswell Capital Advisors LLC, delivers all the tangential services your nonprofit requires. Harpswell Capital Advisors understands your endowment needs extend well beyond the blocking and tackling of day-to-day investment management. As a boutique investment advisory firm, Harpswell is dedicated to the continued cultivation and specialization of financial management for nonprofit institutions, and we love our niche! e advantages of partnering with a dedicated endowment advisor are material and multifaceted. Your institutional needs differ markedly from those of retirees, and your advisor's skillset and focus should be aligned with the specific needs of your institution. Harpswell invests in its resources and over the last decade we have developed depth in the areas that mean the most to nonprofit institutions. In fact, we feel much of the virtue of working with a specialized endowment boutique revolves around the ancillary services we provide on top of our exceptional attention to detail relating to portfolio management. Education tops the list of Harpswell's specialized offerings. First, we recognize the fact that not every board member, committee member, CFO or Executive Director are versed in the fundamentals of endowment management. Likely the most important facet of this function is making sure the investment policies are aligned with the goals and mission of the institution. With this in mind, Harpswell leverages its proprietary tools and aims at illustrating the impact of different investment and distribution policies. is way each stakeholder can conceptualize how these moving parts impact finances and sustainability. is function is of paramount importance and that is why Harpswell spent years developing the tools to best serve the nonprofit institutions that entrust Harpswell with their assets. Aside from Harpswell's tools aimed and investment and distribution policy analyses, Harpswell spends time with new staff or Board members in a 1-on-1 investment tutorial. We are committed to making sure each institution has the needed resources, and we recognize that well-informed stake holders can better fulfill their fiduciary duties. Harpswell took its educational services to the next level with this year's CFO Forum. e forum exemplified our commitment to serving nonprofit institutions, and the event was very well attended by nonprofits and a variety of stakeholders from around the state. e forum covered three very timely topics: 1.) Healthcare expenses and how one nonprofit cut its healthcare expenses by over 30%, 2.) Tapping the Maine Bond Bank to issue bonds on behalf of nonprofit institutions, and 3.) Sustainability and developing a gameplan for this new economy. All three sessions were invaluable, and we thank the outside presenters who brought their expertise to our attendees. Again, Harpswell recognizes how the actual investment management is only the tip of the iceberg with respect to what our clients rely and lean on us for. Finally, we would like to express our gratitude to our clients who entrust Harpswell Capital Advisors, LLC to manage their endowments. From Mount Desert Island to Bethel and from Oregon and Florida, we are grateful for the trust they place in us, and rest assured, we will work hard every day to earn your trust! Very kind regards, Jack Moore, CFA Managing Partner Harpswell Capital Advisors S U P P O R T I N G M A I N E N O N P RO F I T S FROM THE GIVING GUIDE SPONSOR FROM THE GIVING GUIDE SPONSOR 1 2021 Financial Results for Health Insurance Companies in Maine

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