Nonprofit Investment Policies : Practical Steps for Growing Charitable Funds (The Nsfre/wiley Fund Development Series)

An accessible and thorough guide to nonprofit investment policy fornonfinancial managers --essential information for maintainingfiscal health and the public trust The first book to discuss the development of investment policiesspecifically for nonprofit organizations, Nonprofit InvestmentPolicies helps directors, trustees, and development officers atnonprofits create sound, comprehensive policies for their financialadvisors. Covering every element of investment strategy fornonprofits, the book explains investing legal concerns, theinvestment environment, the internal organization of an efficientcharity, how to get started in investment, how to use investmentsuccesses as a fund-raising tool, and much more. Written in language that both financial and nonfinancial managerscan understand, Nonprofit Investment Policies includes: * An exploration of the unique characteristics of nonprofitresources, including endowment management, planned gifts, andsocially responsible investing * A full examination of the legal issues involved in nonprofitinvestment -- the tools officers and directors of charities need toprotect themselves from investment liability in an increasinglylitigious world * Case studies from the real world of nonprofit investment showingsuccessful policies in action --and failures that display policypitfalls to avoid * Advice on finding and hiring outside advisors, plus anexplanation of the essentials of investment accounting andperformance reporting * Tables and checklists to guide nonprofit managers in fiscaldecisionmaking. If a nonprofit organization has any money in the bank, theorganization already has an investment policy, however informal.For many nonprofits, managing extra money is such a novel conceptthat they don't take full advantage of their on-hand resources. Butas organizations grow and their financial conditions improve,decision-makers must consider how best to manage and invest theseadditional funds. The nonprofit organizations Robert P. Fry, Jr.