{"product_id":"nonprofit-investment-and-development-solutions-website-isbn-9781118304778","title":"Nonprofit Investment and Development Solutions, + Website","description":"\u003cb\u003eSolid guidance for managers and trustees to better position their nonprofits now and in the future\u003c\/b\u003e    \u003cp\u003eThe 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.  \u003ci\u003eNonprofit Investment and Development Solutions + Website\u003c\/i\u003e will provide solid guidance for nonprofit leadership, staff and volunteers to better position their nonprofits to thrive now and in the future.   \u003c\/p\u003e \u003cp\u003eThis guide will provide:\u003c\/p\u003e \u003cul\u003e \u003cli\u003eSophisticated investment and development principles that are easily understandable and adaptable\u003c\/li\u003e \u003cli\u003eSpecific steps to take in order to avoid unnecessary investment risk and secure financial stability\u003c\/li\u003e \u003cli\u003eSolutions and techniques for capitalizing on opportunities created by funding shifts and evolving donor expectations\u003c\/li\u003e \u003cli\u003ePrinciples and practices of fiduciary responsibility, behavioral finance, socially responsible investing, strategic development planning and charity efficiency\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003eIn addition, \u003ci\u003eNonprofit Investment and Development Solutions + Website\u003c\/i\u003e offers a web site resource with a variety of online tools and templates to help readers implement key concepts discussed in this book.\u003c\/p\u003e  \u003cp\u003ePreface: Here We Are ix\u003c\/p\u003e \u003cp\u003eBackground: Where We Have Been x\u003c\/p\u003e \u003cp\u003eMultiple Factors x\u003c\/p\u003e \u003cp\u003eThis Book’s Setup xiii\u003c\/p\u003e \u003cp\u003eAcknowledgments xv\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 1 Philanthropy History and Statistics 1\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eAmerican Philanthropy 1\u003c\/p\u003e \u003cp\u003eExamining the Statistics 3\u003c\/p\u003e \u003cp\u003eSummary 5\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 2 Fiduciary Responsibility 7\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eWhat Is a Fiduciary? 7\u003c\/p\u003e \u003cp\u003eWhat Are the Duties of the Fiduciary? 8\u003c\/p\u003e \u003cp\u003ePressure on Fiduciaries from Increased Volatility 9\u003c\/p\u003e \u003cp\u003eProtecting the Assets—The Prudent Investor 10\u003c\/p\u003e \u003cp\u003eTraining and Education of Fiduciaries 12\u003c\/p\u003e \u003cp\u003eIncreasing Government Regulation 14\u003c\/p\u003e \u003cp\u003eProtecting the Mission 15\u003c\/p\u003e \u003cp\u003eEffective Use of Professional Consultants 17\u003c\/p\u003e \u003cp\u003eValuable Resources 17\u003c\/p\u003e \u003cp\u003eSummary 19\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 3 New Roles for the “New Reality” 21\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe Investment Consultant 22\u003c\/p\u003e \u003cp\u003eThe Investment Committee 24\u003c\/p\u003e \u003cp\u003eFundraising and Finance 24\u003c\/p\u003e \u003cp\u003eInvestment Policy Statement 28\u003c\/p\u003e \u003cp\u003eSummary 30\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 4 Behavioral Finance 31\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe Psychology of Investing 32\u003c\/p\u003e \u003cp\u003eBehavioral Factors and Investing 33\u003c\/p\u003e \u003cp\u003ePsychology and Decision Making 34\u003c\/p\u003e \u003cp\u003eThe Psychology of Group Decisions 39\u003c\/p\u003e \u003cp\u003eBehavioral Finance and Investment Consulting 41\u003c\/p\u003e \u003cp\u003eSummary 44\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 5 Understanding Risk 45\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe Individual and Risk 45\u003c\/p\u003e \u003cp\u003eBiases 46\u003c\/p\u003e \u003cp\u003eInvestment Committee Psychology 46\u003c\/p\u003e \u003cp\u003eRisk and the Fiduciary 47\u003c\/p\u003e \u003cp\u003eGroup Dynamics and the Nonprofit 48\u003c\/p\u003e \u003cp\u003eThe Theory of Groupthink 49\u003c\/p\u003e \u003cp\u003eThe Blind Risk Model 52\u003c\/p\u003e \u003cp\u003eUnderstanding Individuals—Gathering Information 53\u003c\/p\u003e \u003cp\u003eAssessing the Power on the Investment Committee 54\u003c\/p\u003e \u003cp\u003eCompleting the Process 55\u003c\/p\u003e \u003cp\u003eSummary 57\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 6 Asset Allocation 59\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eAsset Allocation Analysis 59\u003c\/p\u003e \u003cp\u003eTypes of Risk in Asset Allocation 60\u003c\/p\u003e \u003cp\u003eRisk and Portfolio Performance 62\u003c\/p\u003e \u003cp\u003ePreparing for Asset Allocation Analysis 64\u003c\/p\u003e \u003cp\u003eSummary 68\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 7 The Investment Policy Statement 71\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe Elements of an Investment Policy Statement 71\u003c\/p\u003e \u003cp\u003eThe IPS Provides Essential Discipline 73\u003c\/p\u003e \u003cp\u003eUMIFA and UPMIFA 75\u003c\/p\u003e \u003cp\u003eIPS and Investments 78\u003c\/p\u003e \u003cp\u003eThe IPS and Asset Allocation 79\u003c\/p\u003e \u003cp\u003eThe IPS and Risk, Return, and Money Manager Retention 80\u003c\/p\u003e \u003cp\u003eThe IPS and Major Donors 81\u003c\/p\u003e \u003cp\u003eSummary 82\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 8 Money Manager Selection 83\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe Goal 83\u003c\/p\u003e \u003cp\u003eOutlining the Process 84\u003c\/p\u003e \u003cp\u003eStep 1: The Search 85\u003c\/p\u003e \u003cp\u003eStep 2: The Evaluation 86\u003c\/p\u003e \u003cp\u003eStep 3: The Analysis 87\u003c\/p\u003e \u003cp\u003eStep 4: Selection 93\u003c\/p\u003e \u003cp\u003eSummary 94\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 9 Dynamic Portfolio Optimization 95\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eBefore Modern Portfolio Theory (MPT) 95\u003c\/p\u003e \u003cp\u003eModern Portfolio Theory 96\u003c\/p\u003e \u003cp\u003eThe Efficient Portfolio 99\u003c\/p\u003e \u003cp\u003eThe Mean-Variance Model 99\u003c\/p\u003e \u003cp\u003eDynamic Asset Allocation and Market Timing 100\u003c\/p\u003e \u003cp\u003eSummary 101\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 10 Investment Program Analysis 103\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eMonitoring Accounts 103\u003c\/p\u003e \u003cp\u003eThe Procedure 104\u003c\/p\u003e \u003cp\u003eAssessing Money Managers 106\u003c\/p\u003e \u003cp\u003eThe Evaluation 109\u003c\/p\u003e \u003cp\u003eSummary 110\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 11 Socially Responsible Investing 111\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe Roots of Socially Responsible Investing 111\u003c\/p\u003e \u003cp\u003eWhat Exactly Is Socially Responsible Investing? 113\u003c\/p\u003e \u003cp\u003eHow Do We Accomplish Socially Responsible Investing? 115\u003c\/p\u003e \u003cp\u003eThe Risks of Socially Responsible Investing 116\u003c\/p\u003e \u003cp\u003eAdditional Means of Accomplishing SRI 118\u003c\/p\u003e \u003cp\u003eWhy Does a Nonprofit Implement an SRI Portfolio? 119\u003c\/p\u003e \u003cp\u003eSummary 120\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 12 The Changing Landscape for Fundraising 121\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eOur New Reality 121\u003c\/p\u003e \u003cp\u003eDonor Motivations 122\u003c\/p\u003e \u003cp\u003eCommunication Strategies 124\u003c\/p\u003e \u003cp\u003eRevenue Source Diversification 125\u003c\/p\u003e \u003cp\u003eThe Strategic Development Plan 127\u003c\/p\u003e \u003cp\u003eUnderstanding Donors 128\u003c\/p\u003e \u003cp\u003eEffective Communication Tools 130\u003c\/p\u003e \u003cp\u003eThe Case for Support 131\u003c\/p\u003e \u003cp\u003eMeasuring Programmatic Impact 133\u003c\/p\u003e \u003cp\u003eThe Strategic Development Planning Process 134\u003c\/p\u003e \u003cp\u003eThe Importance of Planned Giving As a Strategic Development Tool: Building Endowment with\u003c\/p\u003e \u003cp\u003ePlanned Gifts 136\u003c\/p\u003e \u003cp\u003eDonor Values That Affect Their Legacy Giving 138\u003c\/p\u003e \u003cp\u003eSummary 140\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 13 The Evolution of Donors—Trends and Truths 143\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe Modern Donor 143\u003c\/p\u003e \u003cp\u003eTransformations in Giving Patterns 146\u003c\/p\u003e \u003cp\u003eGrowing the Donor Pool 151\u003c\/p\u003e \u003cp\u003eSummary 159\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 14 Growing Expectations 161\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eResources 162\u003c\/p\u003e \u003cp\u003eTwo Key Measures of Financial Health 165\u003c\/p\u003e \u003cp\u003eFinancial Ratios 171\u003c\/p\u003e \u003cp\u003eIntegrity and Credibility 173\u003c\/p\u003e \u003cp\u003eSummary 174\u003c\/p\u003e \u003cp\u003eConclusion 175\u003c\/p\u003e \u003cp\u003eAbout the Companion Website 177\u003c\/p\u003e \u003cp\u003eAbout the Authors 179\u003c\/p\u003e \u003cp\u003eIndex 181\u003c\/p\u003e   \u003cp\u003e\u003cb\u003eROGER M. MATLOFF, CFM, CIMA\u003csup\u003e®\u003c\/sup\u003e, CAP\u003csup\u003e®\u003c\/sup\u003e, CRPC\u003csup\u003e®\u003c\/sup\u003e,\u003c\/b\u003e 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 \u003ci\u003eWall Street Journal\u003c\/i\u003e and \u003ci\u003eResearch\u003c\/i\u003e magazine as well as numerous international publi-cations focused on serving the nonprofit market. \u003c\/p\u003e\u003cp\u003e\u003cb\u003eJOY HUNTER CHAILLOU\u003c\/b\u003e 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.    \u003c\/p\u003e\u003cp\u003eThe Great Recession and high-profile corporate scandals have left a lasting impression on nonprofit organizations and how they operate. Nonprofit competition for philanthropic dollars is fierce, and all organizations—big and small—need to conform to new standards of accountability and transparency. Developed for nonprofit managers and trustees, \u003ci\u003eNonprofit Investment and Development Solutions\u003c\/i\u003e examines the priorities of investment and development strategy to help you position your organization and maintain your nonprofit's fiscal health, today and in the future.  \u003c\/p\u003e\u003cp\u003eBridging the gap between investment management, nonprofit management, administration, and fundraising, \u003ci\u003eNonprofit Investment and Development Solutions'\u003c\/i\u003e balanced perspective makes sophisticated investment and fundraising principles easily understandable and adaptable. Authors Roger Matloff and Joy Hunter Chaillou provide a deeper understanding of both investment and development issues to help nonprofit staff and board leadership move forward from these trying economic times to improve the likelihood of a secure future. \u003c\/p\u003e\u003cp\u003eOrganized by key themes, \u003ci\u003eNonprofit Investment and Development Solutions\u003c\/i\u003e explores:  \u003c\/p\u003e\u003cul\u003e \u003cli\u003ePhilanthropy History and Statistics\u003c\/li\u003e \u003cli\u003eFiduciary Responsibility\u003c\/li\u003e \u003cli\u003eNew Roles for the \"New Reality\"\u003c\/li\u003e \u003cli\u003eBehavioral Finance\u003c\/li\u003e \u003cli\u003eUnderstanding Risk\u003c\/li\u003e \u003cli\u003eAsset Allocation\u003c\/li\u003e \u003cli\u003eThe Investment Policy Statement\u003c\/li\u003e \u003cli\u003eMoney Manager Selection\u003c\/li\u003e \u003cli\u003eDynamic Portfolio Optimization\u003c\/li\u003e \u003cli\u003eInvestment Program Analysis\u003c\/li\u003e \u003cli\u003eSocially Responsible Investing\u003c\/li\u003e \u003cli\u003eThe Changing Landscape for Fundraising\u003c\/li\u003e \u003cli\u003eThe Evolution of Donors—Trends and Truths\u003c\/li\u003e \u003cli\u003eGrowing Expectations\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003eYou'll also discover the steps you need to take to protect your scarce economic resources as well as the actions to ensure donors will continue to support your organization in the future. Each chapter concludes with questions designed to help you identify and find tailored solutions to the issues and challenges your organization faces. A companion website hosts a variety of online tools and materials, including problems, exercises, and short cases, to help you implement key concepts discussed throughout the book. \u003c\/p\u003e\u003cp\u003eTackling both nonprofit investment management and fundraising issues, \u003ci\u003eNonprofit Investment and Development Solutions\u003c\/i\u003e provides a wealth of information that will help you better position your organization for long-term success.\u003c\/p\u003e","brand":"Wiley","offers":[{"title":"Default Title","offer_id":47989697773797,"sku":"NP9781118304778","price":82.0,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/1842\/7735\/files\/9781118304778.jpg?v=1761785147","url":"https:\/\/k12savings.com\/products\/nonprofit-investment-and-development-solutions-website-isbn-9781118304778","provider":"K12savings","version":"1.0","type":"link"}