Nonprofit Investment and Development Solutions, + Website - A Guide to Thriving in Today''s Economy

Informationen zum Autor ROGER M. MATLOFF, CFM, CIMA®, CAP®, CRPC®, is a senior vice president and institutional consultant at a major financial institution. Working with the team he founded in 1983, Roger creates sustainable strategic solutions for nonprofit organizations around the country. In his current role, he oversees the analytical, investment, and management programs that the team's foundation and endowment clients utilize. In his capacity as a consulting and investment expert, Roger has appeared on national television news programs and been cited in such national publications as the Wall Street Journal and Research magazine as well as numerous international publi-cations focused on serving the nonprofit market. JOY HUNTER CHAILLOU is a Senior Vice President and Senior Nonprofit Advisor for a major financial institution. In her current role, she serves as an advisor working with nonprofit organizations of all sizes to increase their organizational capacity and help them reach their goals by offering in-depth strategies and tailored solutions, providing them with the knowledge and resources needed to address the challenges they face as they pursue their mission and impact goals. Joy's advice and consultation focus is in the areas of governance, development strategies, staff training, and board education. Klappentext Solid guidance for managers and trustees to better position their nonprofits now and in the futureThe Great Recession has left a paradigm shift for nonprofit leadership and their board members as fiduciaries. It has changed how boards make, evaluate and document investment decisions, the risks they are willing to take and the way these details are communicated to donors. Nonprofit Investment and Development Solutions + Website will provide solid guidance for nonprofit leadership, staff and volunteers to better position their nonprofits to thrive now and in the future.This guide will provide:* Sophisticated investment and development principles that are easily understandable and adaptable* Specific steps to take in order to avoid unnecessary investment risk and secure financial stability* Solutions and techniques for capitalizing on opportunities created by funding shifts and evolving donor expectations* Principles and practices of fiduciary responsibility, behavioral finance, socially responsible investing, strategic development planning and charity efficiencyIn addition, Nonprofit Investment and Development Solutions + Website offers a web site resource with a variety of online tools and templates to help readers implement key concepts discussed in this book. Zusammenfassung Solid guidance for managers and trustees to better position their nonprofits now and in the future The Great Recession has left a paradigm shift for nonprofit leadership and their board members as fiduciaries. Inhaltsverzeichnis Preface: Here We Are ix Background: Where We Have Been x Multiple Factors x This Book's Setup xiii Acknowledgments xv CHAPTER 1 Philanthropy History and Statistics 1 American Philanthropy 1 Examining the Statistics 3 Summary 5 CHAPTER 2 Fiduciary Responsibility 7 What Is a Fiduciary? 7 What Are the Duties of the Fiduciary? 8 Pressure on Fiduciaries from Increased Volatility 9 Protecting the Assets-The Prudent Investor 10 Training and Education of Fiduciaries 12 Increasing Government Regulation 14 Protecting the Mission 15 Effective Use of Professional Consultants 17 Valuable Resources 17 Summary 19 CHAPTER 3 New Roles for the "New Reality" 21 The Investment Consultant 22 The Investment Committee 24 Fundraising and Finance 24 Investment Policy Statement 28 Summary 30 CHAPTER 4 Behavioral Finance 31 The Psychol...

List of contents

Preface: Here We Are ix
 
Background: Where We Have Been x
 
Multiple Factors x
 
This Book's Setup xiii
 
Acknowledgments xv
 
CHAPTER 1 Philanthropy History and Statistics 1
 
American Philanthropy 1
 
Examining the Statistics 3
 
Summary 5
 
CHAPTER 2 Fiduciary Responsibility 7
 
What Is a Fiduciary? 7
 
What Are the Duties of the Fiduciary? 8
 
Pressure on Fiduciaries from Increased Volatility 9
 
Protecting the Assets--The Prudent Investor 10
 
Training and Education of Fiduciaries 12
 
Increasing Government Regulation 14
 
Protecting the Mission 15
 
Effective Use of Professional Consultants 17
 
Valuable Resources 17
 
Summary 19
 
CHAPTER 3 New Roles for the "New Reality" 21
 
The Investment Consultant 22
 
The Investment Committee 24
 
Fundraising and Finance 24
 
Investment Policy Statement 28
 
Summary 30
 
CHAPTER 4 Behavioral Finance 31
 
The Psychology of Investing 32
 
Behavioral Factors and Investing 33
 
Psychology and Decision Making 34
 
The Psychology of Group Decisions 39
 
Behavioral Finance and Investment Consulting 41
 
Summary 44
 
CHAPTER 5 Understanding Risk 45
 
The Individual and Risk 45
 
Biases 46
 
Investment Committee Psychology 46
 
Risk and the Fiduciary 47
 
Group Dynamics and the Nonprofit 48
 
The Theory of Groupthink 49
 
The Blind Risk Model 52
 
Understanding Individuals--Gathering Information 53
 
Assessing the Power on the Investment Committee 54
 
Completing the Process 55
 
Summary 57
 
CHAPTER 6 Asset Allocation 59
 
Asset Allocation Analysis 59
 
Types of Risk in Asset Allocation 60
 
Risk and Portfolio Performance 62
 
Preparing for Asset Allocation Analysis 64
 
Summary 68
 
CHAPTER 7 The Investment Policy Statement 71
 
The Elements of an Investment Policy Statement 71
 
The IPS Provides Essential Discipline 73
 
UMIFA and UPMIFA 75
 
IPS and Investments 78
 
The IPS and Asset Allocation 79
 
The IPS and Risk, Return, and Money Manager Retention 80
 
The IPS and Major Donors 81
 
Summary 82
 
CHAPTER 8 Money Manager Selection 83
 
The Goal 83
 
Outlining the Process 84
 
Step 1: The Search 85
 
Step 2: The Evaluation 86
 
Step 3: The Analysis 87
 
Step 4: Selection 93
 
Summary 94
 
CHAPTER 9 Dynamic Portfolio Optimization 95
 
Before Modern Portfolio Theory (MPT) 95
 
Modern Portfolio Theory 96
 
The Efficient Portfolio 99
 
The Mean-Variance Model 99
 
Dynamic Asset Allocation and Market Timing 100
 
Summary 101
 
CHAPTER 10 Investment Program Analysis 103
 
Monitoring Accounts 103
 
The Procedure 104
 
Assessing Money Managers 106
 
The Evaluation 109
 
Summary 110
 
CHAPTER 11 Socially Responsible Investing 111
 
The Roots of Socially Responsible Investing 111
 
What Exactly Is Socially Responsible Investing? 113
 
How Do We Accomplish Socially Responsible Investing? 115
 
The Risks of Socially Responsible Investing 116
 
Additional Means of Accomplishing SRI 118
 
Why Does a Nonprofit Implement an SRI Portfolio? 119
 
Summary 120
 
CHAPTER 12 The Changing Landscape for Fundraising 121
 
Our New Reality

Product details

• Authors: Joy Hunter Chaillou, Hunter Chaillou, Joy Hunter Chaillou, Hunter Chaillou Joy, Matloff, R Matloff, Roge Matloff, Roger Matloff, Roger Hunter Chaillou Matloff, Roger/ Chaillou Matloff, Matloff Roger
• Publisher: Wiley, John and Sons Ltd
• Languages: English
• Product format: Hardback
• Released: 22.03.2013
• EAN: 9781118304778
• ISBN: 978-1-118-30477-8
• No. of pages: 208
• Series: Wiley Nonprofit Authority; Wiley Nonprofit Authority (Unn; Wiley Nonprofit Authority; Wiley Nonprofit Authority (Unn
• Subjects: Social sciences, law, business > Business > Management; Business & management, Gemeinnützige Organisation, Wirtschaft u. Management, Gemeinnützige Organisationen / Finanz- u. Rechnungswesen, Non-Profit Organizations / Finance & Accounting