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​Peer Benchmarking Study on Nonprofit Investing (SONI) | GWSCPA
The Greater Washington Council of CPAs' Nonprofit Accounting Basics, published Peer Benchmarking Study on Nonprofit Investing (SONI) by Raffa Wealth Management's Dennis Gogarty:

"Nonprofits plan every fiscal move with great caution, backed up with thorough analysis. Yet when it comes time to plan their investment policies and gauge their investment performance, they operate in a silo, without access to any information about how their peers — other nonprofit finance executives — manage their reserves and perform on their investments.

"Now in its fourth consecutive year, the Study on Nonprofit Investing (SONI) is changing this. In 2015, approximately 400 nonprofit finance executives participated in SONI and over 700 nonprofits are expected to participate this year. Participation involves completing a short survey and participants receive the SONI analysis report at no cost."