The Practical Guide to Managing Nonprofit Assets
2%
The Practical Guide to Managing Nonprofit Assets

The Practical Guide to Managing Nonprofit Assets


     0     
5
4
3
2
1



Out of Stock


Notify me when this book is in stock
X
About the Book

'The authors have provided an interesting and helpful resource to understand and manage the nonprofit organization's investments. I believe that this book should be in the library of all nonprofit practitioners that are concerned about prudent stewardship' - Jim Croft, PhD, Vice President, Finance and Administration, The Field Museum (Chicago, Illinois). 'This book is a straightforward, well-written guide to the strategies and administration of investment assets of nonprofit institutions. It relies on the principles of modern portfolio theory in emphasizing asset diversification, performance measurement, and careful manager selection. It debunks much of what passes for 'investment advice' in the popular media. To their credit, the authors describe the challenges, factors, and actors in the investment industry, from the perspective of the individuals and committees charged by nonprofit institutions with investment oversight responsibility." -John E. Allerson, Senior Vice President, Finance and Operations and Chief Financial Officer, Roosevelt University (Chicago, Illinois). 'I would consider this book "Investments 101" for anyone who deals with overseeing investments of a company, whether it is a profit or nonprofit. Yet, at the same time, it would help all investors, small or large, in dealing with their own individual portfolios. DiMeo, Schneider, Benoit, et al. have organized the book in such a way that each chapter deals with the very essence of how to structure an investment portfolio and how to look at the complex environment in an easy way' - Kevin Higdon, Vice President of Finance Elkhart General Hospital (Elkhart, Indiana). 'From modern portfolio theory to the role of the fiduciary, "The Practical Guide to Managing Nonprofit Assets" provides trustees of nonprofit funds with a chapter-by-chapter explanation of what they should know to carry out their responsibilities. For the uninitiated, it creates a foundation for understanding investing in a difficult environment. For the experienced, it serves as a checklist of issues to be considered in exercising appropriate investment oversight' - Thomas H. Hodges, Executive Vice President, Finance, and Treasurer Evanston Northwestern Healthcare (Evanston, Illinois).

Table of Contents:
Chapter 1: Introduction. A Crying Need. Shocks to the System. Finances. Contributors. The Pension Problem. Environment of Mistrust. The Good News. The Fund-Raising Challenge. Gifting Strategies. Investment Strategies. Expect to Find. How to Use this Book. Who Should Use this Book? Chapter 2: Special Issues. Hospitals-The Retirement Plan Mess. Underfunded Pensions. 403(B) versus 401(K). Annuities. Mutual Funds. Education and Communication. Endowment and Operating Funds. Contributions. Considerations for Religious Institutions. Summary. Chapter 3: The Total Return Approach. Early History. The Modern Era. The Legal Challenge. The Barker Report. UMIFA, ERISA, UPIA, and the Prudent Investor Standard. The Case for the Total Return Approach. Potential Negatives. Summary. Chapter 4: The Prudent Steward. Build a House ... Build an Investment Program. Set Goals: The Blueprint. Allocate Assets. Manager Selection: Hire the Subcontractors. Rebalance. Monitor Performance. Chapter 5: Set Goals. Introduction. Define the Mission. Determine a Spending Policy. Establish the Required Return. Understand Your Risk Tolerance. Designate the Time Horizon. Summary. Chapter 6: Investment Policy. Overview. Why Is It Important? Content. Sample Investment Policy Statement. Implementation and Maintenance. Specific Investment Guidelines. Investment Benchmarks. Summary. Chapter 7: Asset Allocation. The Efficient Frontier. Capital Market Assumptions: The Building Blocks of Portfolio Construction. Developing Expected Return Assumptions. Modern Portfolio Theory. Shortcoming of Traditional Mean Variance Optimization. The Long Run. Probabilistic Optimization Models. Summary. Chapter 8: New Asset Classes. Real Estate Investment Trusts. The Statistical Properties of Historical REIT Returns. High-Yield Bonds. International Bonds. Mutual Fund or Separate Account? Experience Counts! Summary. Inflation Indexed Bonds. Risk Factors. Conclusion. Chapter 9: Investment Style. Academic Research. Ancillary Uses. The Current State. Summary. Chapter 10: Manager Selection. Overview. Herd Mentality. Avoiding the Star System. Where to Begin. Manager Selection. Passive versus Active Management. Databases. Administrative Compatibility. Trade Execution. Social Investing. The Commonfund. Proxy Voting. Account Types. Negotiate Fees. Chapter 11: Alternative Investments. Hedge Funds (Absolute Return Strategies). Funds of Funds. Risks. Benefits. Fund-of-Funds Search. Real Estate. Timberland. Private Equity. Structured Equity. Managed Futures. An Investment Strategy. Benefits of Diversification. Risks. Conclusion. Chapter 12: Portfolio Rebalancing. Traditional Rebalancing Methods. A New Approach. Building Your Own Model. Conclusion. Chapter 13: Performance Measurement and Evaluation. Performance Calculations. Benchmarks. Market Indexes. Style. Picking the Right Index. Multiple Benchmarks. Presenting the Data. Universe Comparisons. Portfolio Analysis. Style Analysis. Risk Analysis. Recent Developments. Performance Reporting. Terminating a Manager. Chapter 14: Socially Responsible Investing. History. Socially Responsible Investing Strategies. Separate Accounts versusMutual Funds. Performance Impact of Socially Responsible Investing. Incorporating Socially Responsible Investing into Investment Policy. Chapter 15: Selecting Other Vendors. Step One. Step Two. Step Three. Step Four. Record Keepers. Narrow the Field. Final Steps. Defined Benefit Plans. Gift Annuities. Brokers. Chapter 16: Hiring an Investment Management Consultant. Identifying the Need: A Tale of the Typical Nonprofit Organization. The General Contractor-A.K.A. The Investment Consultant. Effective Use of a Consultant. Summary. Chapter 17: Behavioral Finance. Trying to Break Even. Snake Bitten. Biased Expectations and Overconfidence. Herd Mentality. Asset Segregation or Mental Accounting. Cognitive Dissonance. Anchors. Fear of Regret and Seeking Pride. Representatives. Familiarity. Investor Personality Types. Risk-Seeking Behavior. Naturally Occurring Ponzi Schemes and Market Bubbles. Conclusion. Chapter 18: Legal Aspects of Investing Charitable Endowment, Restricted, and Other Donor Funds. Overview. The Nature of Endowment or Restricted Funds. Endowments Created by the Board. Donor-Created Endowment Funds. Donor-Created Restricted Gifts or Funds. General Statement About Investing Endowment and Other Funds. The Prudent Man Rule. The Prudent Investor Act. Uniform Management of Institutional Funds Act. Private Foundation Rules. Summary. Chapter 19: Fiduciary Issues-Retirement Funds. ERISA. Who Is a Fiduciary? Fiduciary Requirements. Penalties for Fiduciary Breaches. Prudent Procedures to Limit Fiduciary Liability. Department of Labor Tips to Help Fiduciaries Understand Their Responsibilities. Chapter 20: Final Thoughts. Summary. The Prudent Steward. Take Aways. Conclusion. Appendix A: Sample Investment Policy Statement. Introduction. Purpose. Spending Policy. Investment Policy. Investment Objectives. Asset Allocation. Cash Flows/Rebalancing. Transaction Guidelines. Selection of Investment Funds/Managers. Performance Monitoring. Termination of Managers. Proxy Voting Policy. Responsibilities of the Investment Consultant. Meeting Schedule. ABC Hospital Fund. General Guidelines for All Managers. Specific Guidelines. Investment Manager Objectives: Evaluation Benchmarks of Selected Managers. Appendix B: Investment Manager Questionnaire. Appendix C: Sample Search: Investment Analysis. Definition of Key Statistics. Large Company Value Search: The Screening Process. Large Company Value Investment Analysis. Large-Cap Value Equity Analysis. Appendix D: zzz eVestment Alliance, L.L.C.: eA U.S. Equity Sample Product. Appendix E: Request for Proposal for Hedge Fund-of-Funds Management. Appendix F: Request for Proposal: Record-Keeping Services Firm Background. Plan Sponsor Services. Administration/Record Keeping. Participant Services. Communication and Education Services. Investments. Trustee Services. Mutual Fund Trading Practices. Fees. Conversions. Appendix G: Resources. Data. Analytical Software. Other Resources. Glossary. Index.

About the Author :
WILLIAM A. SCHNEIDER, CIMA, is Managing Director of DiMeo Schneider & Associates, LLC, a Chicago-based firm that provides advisory services to plan sponsors and financial institutions. He currently advises many qualified plans, including several leading Midwest law firms and Fortune 100 companies. He holds the title Certified Investment Management Analyst, awarded through the Investment Management Consultants Association (IMCA) accreditation program at the Wharton School of Business. ROBERT A. DIMEO, CIMA, CFP, is also Managing Director of DiMeo Schneider & Associates, LLC. In addition to being an advisory board member for Catholic Charities of the Archdiocese of Chicago, he serves on the governance board for Notre Dame High School and is a former member of the board of directors for the IMCA. MICHAEL S. BENOIT, CIMA, CFP, is a cofounder and Managing Director, Private Client Services at DiMeo Schneider & Associates, LLC. He provides investment counseling services to private foundations, corporate executives, family trusts, and other substantial investors. He is a member of the International Association for Financial Planning. Mike is also a Certified Investment Management Analyst.


Best Sellers


Product Details
  • ISBN-13: 9780471692331
  • Publisher: John Wiley and Sons Ltd
  • Publisher Imprint: John Wiley & Sons Inc
  • Height: 265 mm
  • Returnable: N
  • Width: 186 mm
  • ISBN-10: 0471692336
  • Publisher Date: 01 Apr 2005
  • Binding: Hardback
  • Language: English
  • Weight: 819 gr


Similar Products

Add Photo
Add Photo

Customer Reviews

REVIEWS      0     
Click Here To Be The First to Review this Product
The Practical Guide to Managing Nonprofit Assets
John Wiley and Sons Ltd -
The Practical Guide to Managing Nonprofit Assets
Writing guidlines
We want to publish your review, so please:
  • keep your review on the product. Review's that defame author's character will be rejected.
  • Keep your review focused on the product.
  • Avoid writing about customer service. contact us instead if you have issue requiring immediate attention.
  • Refrain from mentioning competitors or the specific price you paid for the product.
  • Do not include any personally identifiable information, such as full names.

The Practical Guide to Managing Nonprofit Assets

Required fields are marked with *

Review Title*
Review
    Add Photo Add up to 6 photos
    Would you recommend this product to a friend?
    Tag this Book Read more
    Does your review contain spoilers?
    What type of reader best describes you?
    I agree to the terms & conditions
    You may receive emails regarding this submission. Any emails will include the ability to opt-out of future communications.

    CUSTOMER RATINGS AND REVIEWS AND QUESTIONS AND ANSWERS TERMS OF USE

    These Terms of Use govern your conduct associated with the Customer Ratings and Reviews and/or Questions and Answers service offered by Bookswagon (the "CRR Service").


    By submitting any content to Bookswagon, you guarantee that:
    • You are the sole author and owner of the intellectual property rights in the content;
    • All "moral rights" that you may have in such content have been voluntarily waived by you;
    • All content that you post is accurate;
    • You are at least 13 years old;
    • Use of the content you supply does not violate these Terms of Use and will not cause injury to any person or entity.
    You further agree that you may not submit any content:
    • That is known by you to be false, inaccurate or misleading;
    • That infringes any third party's copyright, patent, trademark, trade secret or other proprietary rights or rights of publicity or privacy;
    • That violates any law, statute, ordinance or regulation (including, but not limited to, those governing, consumer protection, unfair competition, anti-discrimination or false advertising);
    • That is, or may reasonably be considered to be, defamatory, libelous, hateful, racially or religiously biased or offensive, unlawfully threatening or unlawfully harassing to any individual, partnership or corporation;
    • For which you were compensated or granted any consideration by any unapproved third party;
    • That includes any information that references other websites, addresses, email addresses, contact information or phone numbers;
    • That contains any computer viruses, worms or other potentially damaging computer programs or files.
    You agree to indemnify and hold Bookswagon (and its officers, directors, agents, subsidiaries, joint ventures, employees and third-party service providers, including but not limited to Bazaarvoice, Inc.), harmless from all claims, demands, and damages (actual and consequential) of every kind and nature, known and unknown including reasonable attorneys' fees, arising out of a breach of your representations and warranties set forth above, or your violation of any law or the rights of a third party.


    For any content that you submit, you grant Bookswagon a perpetual, irrevocable, royalty-free, transferable right and license to use, copy, modify, delete in its entirety, adapt, publish, translate, create derivative works from and/or sell, transfer, and/or distribute such content and/or incorporate such content into any form, medium or technology throughout the world without compensation to you. Additionally,  Bookswagon may transfer or share any personal information that you submit with its third-party service providers, including but not limited to Bazaarvoice, Inc. in accordance with  Privacy Policy


    All content that you submit may be used at Bookswagon's sole discretion. Bookswagon reserves the right to change, condense, withhold publication, remove or delete any content on Bookswagon's website that Bookswagon deems, in its sole discretion, to violate the content guidelines or any other provision of these Terms of Use.  Bookswagon does not guarantee that you will have any recourse through Bookswagon to edit or delete any content you have submitted. Ratings and written comments are generally posted within two to four business days. However, Bookswagon reserves the right to remove or to refuse to post any submission to the extent authorized by law. You acknowledge that you, not Bookswagon, are responsible for the contents of your submission. None of the content that you submit shall be subject to any obligation of confidence on the part of Bookswagon, its agents, subsidiaries, affiliates, partners or third party service providers (including but not limited to Bazaarvoice, Inc.)and their respective directors, officers and employees.

    Accept

    New Arrivals


    Inspired by your browsing history


    Your review has been submitted!

    You've already reviewed this product!