SPP Newsletter

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Calendar of Events

SPP Fall Meeting
October 22-24, 2020
Portland, Oregon, USA
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SPP Spring Meeting
March 12-14, 2021
Baltimore, Maryland, USA
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Interested in submitting an article? Email your draft to spp@kellencompany.com for consideration!

Finance Committee Update

May 6, 2020

As of the Spring Meeting, the SPP had a stable financial position. At last report prior to recent market slide, the investment fund showed a balanced conservative position of 60% stocks and 35% bonds/5% cash and had produced enough income to make up for typical yearly spending deficits. The Finance Committee endeavors to have the SPP at least break even every year, and profitability of the meetings was a focus at our last session. Income from publications appears stable, and the Slide Survey makes money but may have a downward trend that bears watching.

Other major activities have included reorganizing the investment account to segregate the Awards Fund, as recommended by our auditors. This process revealed that the Awards Fund is larger than we’d thought. Also, Kellen is in the process of adopting a new finance management software product that will help manage expenses more effectively. Finally, the Chair position is transitioning to Jennifer Black, effective March 1, 2020. We thank Sarah Johnson-Welch for her service as the past chair.

Sarah Johnson-Welch, Past-Chair
Jennifer Black, Chair
Finance Committee

Editor's Note:

Needless to say, the recent market downturn caused by COVID-19 has affected all portfolios, including that of the SPP. The Finance Committee is working to address the challenges posed by this development.

About the Authors

Sarah Johnson-Welch, MD

Past-Chair, Finance Committee

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Sarah Johnson-Welch, MD

Past-Chair, Finance Committee

Articles
Finance Committee Update

Jennifer Black, MD

Finance Committee Chair
Children's Hospital Colorado

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Jennifer Black, MD

Finance Committee Chair
Children's Hospital Colorado

Articles
Finance Committee Update