Tuesday, September 13, 2022

ARRL Reports Significant Decline in Investment Portfolio; Taps Fund to Cover Operations

ARRL Treasurer John Sager, W7JS, reported to the League board of directors in July that the value of the organization’s investment portfolio had dropped by 9.2% in the second quarter of 2022 and by 11.1% for the year to date. However, according to the ARRL Letter (which did not report on the July board meeting until early September), Sager told the directors that the portfolio’s value remains higher than it was in 2020 “(after considering withdrawals for operations).” Chief Financial Officer Diane Middleton, W2DLM, reassured the board that the League’s balance sheet remains “solid,” with “healthy cash balances.”