May 24: 5 Things You Need to Know this Week

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May 24: 5 Things You Need to Know this Week

May 24, 2021


Photo of the Week:  Congratulations to The Coquille Tribe’s Ko-Kwel Wellness Center for receiving the Deal of the Year Award during the 2021 NAFOA Leadership Awards. Watch their acceptance video.


1. POLICY:

DEADLINE TO APPLY FOR FIRST FISCAL RECOVERY FUNDS PAYMENT TODAY - MONDAY 5/24

The deadline for requesting the first payment is TODAY, Monday, May 24, 2021 at 11:59 pm PST.


Treasury estimates it will take 4-5 days to process each submission, after which they will reach out to the point of contact with the allocation amount the tribe will receive and an anticipated date for the funds to be transferred. 


If you are in need of assistance, please reach out to the following:

Click to visit the Treasury Submission Portal

2. COMMUNITY:

HELP US CREATE A BETTER NAFOA COMMUNITY FOR YOU - TAKE OUR SURVEY!

NAFOA is surveying our community members to evaluate how well we are serving our community and assess your needs. Your input is valued and will be instrumental in helping us improve our organization. This survey takes approximately 3 minutes to complete.

Community members who complete the survey may receive a $5 gift card for their participation. Additionally, you may also enter for a chance to win a NAFOA Orange Book! The survey closes on Friday, June 4th. 

Take the NAFOA Community Survey

3. INTERNSHIPS:

NAFOA SEEKS MEDIA COORDINATOR INTERN (REMOTE)

NAFOA is seeking a remote intern to assist in NAFOA’s media initiatives and communications. The expected hourly commitment per week is 25 Hours for twelve weeks. The intern will receive a total stipend of $4,800.00 with three installments of $1,600.00 paid on the 1st of each month.

The Media Coordinator Intern will be responsible for assisting in content creation across NAFOA’s digital platforms, including website, email marketing, and social media. This includes copywriting, proofreading, and creating visual content for the organization. They will also provide support in organizing, cataloging, and archiving the organization’s media assets across departments, and support organization efforts to improve digital accessibility. Learn more and apply at www.nafoa.org/jobs.


4. FOR STUDENTS:

ANSWERING YOUR FULL CIRCLE SCHOLARSHIP QUESTIONS

The American Indian College Fund supports American Indian and Alaska Native college students seeking technical, undergraduate and graduate degrees at tribal colleges and other nonprofit, accredited schools.

Join the College Fund on Wednesday, May 26 at 2pm MDT for the Answering Your Full Circle Questions Webinar! Bring your questions for answers from the College Fund team so you can submit your best application! Register for the event and be entered to win great prizes.


5. IN THE NAFOA NAVIGATOR: 

RECENT MODIFICATIONS TO THE ACCREDITED INVESTOR AND QUALIFIED INSTITUTIONAL BUYER DEFINITIONS

A Discussion with Marty Margolis, CIO, PFM Asset Mangement LLC
 
The Securities and Exchange Commission (SEC) recently adopted a change to the rules that limit sales of certain private market securities. The change expands access for state/local and tribal governments to commercial paper, negotiable bank deposits and corporate bonds. Amendments to the rules defining an “accredited investor” and a “qualified institutional buyer” (QIB) put governments and tribes on the same plane as corporations and not-for-profits. PFM Asset Management LLC was active in promoting this change, and we believe comments/recommendations we submitted to the Commission were recognized in the new rule.To learn more about the changes we conducted the following Q&A session with Marty Margolis. Marty founded the investment management business at PFM and serves as its chief investment officer.


Read more in the Spring 2021 NAFOA Navigator (page 114-115).