An accessible and thorough guide to nonprofit investment policy for nonfinancial managers —essential information for maintaining fiscal health and the public trust

The first book to discuss the development of investment policies specifically for nonprofit organizations, Nonprofit Investment Policies helps directors, trustees, and development officers at nonprofits create sound, comprehensive policies for their financial advisors. Covering every element of investment strategy for nonprofits, the book explains investing legal concerns, the investment environment, the internal organization of an efficient charity, how to get started in investment, how to use investment successes as a fund-raising tool, and much more.

Written in language that both financial and nonfinancial managers can understand, Nonprofit Investment Policies includes:

• An exploration of the unique characteristics of nonprofit resources, including endowment management, planned gifts, and socially responsible investing
• A full examination of the legal issues involved in nonprofit investment — the tools officers and directors of charities need to protect themselves from investment liability in an increasingly litigious world
• Case studies from the real world of nonprofit investment showing successful policies in action —and failures that display policy pitfalls to avoid
• Advice on finding and hiring outside advisors, plus an explanation of the essentials of investment accounting and performance reporting
• Tables and checklists to guide nonprofit managers in fiscal decisionmaking.

If a nonprofit organization has any money in the bank, the organization already has an investment policy, however informal. For many nonprofits, managing extra money is such a novel concept that they don't take full advantage of their on-hand resources. But as organizations grow and their financial conditions improve, decision-makers must consider how best to manage and invest these additional funds. The nonprofit organizations Robert P. Fry, Jr. works with understand investing and how to spot and avoid shady investments, as well as how to safeguard assets. Written in language that both financial and non-financial managers can understand, Nonprofit Investment Policies explains the basics of investing, how investing for nonprofits is unique, and how to work with an investment manager.

This is not another get-rich-quick book about picking stocks and bonds. Rather, it is a book on how nonprofits can make good decisions. In the world of investments, good decisions are ultimately more important than the occasional wizardry of an outstanding portfolio manager, for unlike such wizardry, good decisions can be replicated in good times and bad by any organization that is committed to doing so —now, months from now, and years from now.

Clearly written investment policies codify these good decisions, increasing returns on investments and protecting boards and executive directors from possible litigation over the handling of the nonprofit's assets. Fry's principal goal is to provide sufficient information on the overall investment environment so that any organization can comfortably implement investment policies. Nonprofit Investment Policies includes sample investment policies plus analysis and guidance on these policies to help organizations develop the policies that most closely fit their goals and objectives, resources, time constraints, risk tolerance, and limitations.

This book looks at a number of charities in London between 1918 and 1979, and the ways in which they negotiated the growth of the welfare state and changes in the communities around them.These charities - the 'university settlements'- were founded in the 1880's and 1890's and brought young graduates such as William Beveridge & Clement Attlee to deprived areas of cities to undertake social work. It is of interest to those who wish to know more about the complexities of the relationships between charities, the welfare state and individuals in the course of the twentieth century. Bradley argues that whilst the settlements often had difficulties in sustaining their work with the vulnerable, they remained an important factor between the individual and the impacts of poverty. Aimed at scholars in the fields of history, social policy, sociology and criminology this book will also be of interest to practitioners in the voluntary sector and government. -- .

This book analyses the dynamics that underlie the awarding of public funding to small voluntary organisations in the UK. Using Bourdieu's later work on state power, the author argues that these competitions for grants, loans and contracts are neoliberal funding 'games'. Such games tempt grassroots organisations, she demonstrates, not just because they provide funding but because they confer a symbolic profit by defining the 'winner' and improving status. Taking part in these neoliberal funding games, however, can adversely affect the structure and development path of these organisations. Yet her conclusion is upbeat, focusing on the opportunities as well as the challenges that neoliberalism offers grassroots organisations in recompense for the moral weight that they hold within state discourse. Within supportive coalitions and with a robust evidence base that re-politicises neoliberal orthodoxy, in fact, they can choose to negotiate alternative futures within state policy or to withdraw from these funding games altogether. This thought-provoking work will appeal to students and researchers of sociology and social policy, along with scholars of Bourdieu, civil society and the voluntary sector.

Charitable fundraising has become ever more urgent in a time of extensive public spending cuts. However, while the identity and motivation of those who donate comes under increasingly close scrutiny, little is known about the motivation and characteristics of the 'askers', despite almost every donation being solicited or prompted in some way. This is the first empirically-grounded and theorised account of the identity, characteristics and motivation of fundraisers in the UK. Based on original data collected during a 3-year study of over 1,200 fundraisers, the book argues that it is not possible to understand charitable giving without accounting for the role of fundraising.

This is the first empirically-grounded and theorised account of the identity, characteristics and motivation of fundraisers in the UK. Based on original data collected during a 3-year study of over 1,200 fundraisers, the book argues that it is not possible to understand charitable giving without accounting for the role of fundraising.

The essays in this volume explore continuities and changes in the role of philanthropic organizations in Europe and North America in the period around the French Revolution. They aim to make connections between research on the early modern and late modern periods, and to analyze policies towards poverty in different countries within Europe and across the Atlantic. Cunningham and Innes highlight the new role for voluntary organizations emerging in the late eighteenth century and draws out the implications of this for received accounts of the development of welfare states.

Rosemary was born at the end of the Second World War. She grew up in a poor family in Clitheroe, struggling for survival in the era of ration books and austerity. But Rose was destined for something astonishing and inspiring, far beyond even her wildest dreams. John Lancaster, whom she married, left school without qualifications, clearly a loser. But he had an amazing ability to fix machines and invent things. He would go on to corner the market in conservatory roofing systems; his company became a world leader, floating on the stock market for GBP136 million. They were multi-millionaires. The pair, both committed Christians, set about giving away their astonishing fortune, starting with their employees. They set up the Lancaster Foundation, with Rose in charge, purchased an emergency plane for Mission Aviation Fellowship, and started the first village for destitute AIDS victims in South Africa. They did not give and walk away: Rose found herself rescuing children from the rubbish tips of Kenya. They have sponsored arts initiatives and major inner city regeneration projects in Manchester. They are one of Britain's generous philanthropists.

Nonprofits and Government provides students and practitioners with the first comprehensive, interdisciplinary, research-based inquiry into the collaborative and conflicting relationship between nonprofits and government at all levels: local, national, and international. The contributors-all leading experts-explore how government regulates, facilitates, finances, and oversees nonprofit activities, and how nonprofits, in turn, try to shape the way government serves the public and promotes the civic, religious, and cultural life of the country. Buttressed by rigorous scholarship, a solid grasp of history, and practical ideas, this 360-degree assessment frees discussion of the nonprofit sector's relationship to government from both wishful and insular thinking. The third edition, addresses the tremendous changes that created both opportunities and challenges for nonprofit-government relations over the past ten years, including new audit requirements, tax and regulatory changes, consequences of the Affordable Care Act and the Great Recession, and new nonprofit and philanthropic forms. Contributions by Alan J. Abramson, Mark Blumberg, Elizabeth T. Boris, Erica Broadus, Evelyn Brody, John Casey, Roger Colinvaux, Joseph J. Cordes , Teresa Derrick-Mills, Nathan Dietz, Lewis Faulk, Marion Fremont-Smith, Saunji D. Fyffe, Virginia Hodgkinson, Beatrice Leydier, Cindy M. Lott, Jasmine McGinnis Johnson, Brice McKeever, Susan D. Phillips, Steven Rathgeb Smith, Ellen Steele, C. Eugene Steuerle, Dennis R. Young, and Mary K. Winkler.

Britain faces challenges that weren't imaginable thirty years ago, challenges which charities, rooted as they are in community action and the public good, should be ideally suited to tackle. But the charity sector seems paralysed. Even after a decade of cuts and immense social and environmental disruption charities are still fighting hard to maintain business as usual. To develop new responses to our changing world the charity sector desperately needs to reinvent itself, radically re-engaging with communities and developing powerful and scalable responses to the challenges facing the UK in the coming decades. What are the ties that bind charities, rendering them unable to re-invent themselves and to re-imagine their services, even when they face existential crises? This book explores how charities in the UK really operate, as seen through the eyes of people who work in and with charities, and investigates what holds charities back from change. It demonstrates what we can learn from entrepreneurship and market disruption in the private sector, and points to ways in which the sector can re-imagine what it does and how it does this. It presents a new ambition for charities to break free of their history and imagine a new role for themselves in shaping the future for our society. Presenting a new ambition for charities to imagine a new role for themselves in shaping the future for our society, this volume is especially valuable for academics and professionals in the fields of charity and non-profit management, organisational change, and strategic management.

When the coronavirus pandemic took hold early in 2020, charities were among the first to respond to the resulting social and economic distress. But recent scandals and a more critical climate have overshadowed the vital role they play. What Have Charities Ever Done for Us? rebalances the debate, using case studies and interviews to illustrate how charities support people and communities, foster heritage and culture and pioneer responses to crucial social, ethical and environmental questions. It also sets the historical context, examines cases that have attracted criticisms, analyses the political response and considers how the governance, transparency and independence of charities could be improved. Charities at their best are the conscience of society and benefit most people at some point in their lives. This book brings to life the breadth and depth of their work and the contribution they make to social progress.

Originally published in 1981, this book analyses how development aid works in practice. It presents a critique of the practice of foreign aid, analyses the aid process, who controls it and investigates the exercise of leverage by donors. It examines the interests of the different parties involved, identifies problems and suggests alternatives which may allow the aid process to operate more effectively in the interest of those who need it.

'Resilience' has become one of the first fully fledged academic and political buzzwords of the 21st century. Within this context, Geoffrey DeVerteuil proposes a more critically engaged and conceptually robust version, applying it to the conspicuous but now residual clusters of inner-city voluntary sector organisations deemed 'service hubs'. The process of resilience is compared across ten service hubs in three complex but different global inner-city regions - London, Los Angeles and Sydney - in response to the threat of gentrification-induced displacement. DeVerteuil shows that resilience can be about holding on to previous gains but also about holding out for transformation. The book is the first to move beyond theoretical works on 'resilience' and offers a combined conceptual and empirical approach that will interest urban geographers, social planners and researchers in the voluntary sector.

This important book is the first edited collection to provide an up to date and comprehensive overview of the third sector's role in public service delivery. Exploring areas such as social enterprise, capacity building, volunteering and social value, the authors provide a platform for academic and policy debates on the topic. Drawing on research carried out at the ESRC funded Third Sector Research Centre, the book charts the historical development of the state-third sector relationship, and reviews the major debates and controversies accompanying recent shifts in that relationship. It is a valuable resource for social science academics and postgraduate students as well as policymakers and practitioners in the public and third sectors in fields such as criminal justice, health, housing and social care.

'It is about time that economists - and other social scientists - go beyond material aspects and seriously study interpersonal relationships such as giving and informal work. And Lorna Zischka does this by providing an excellent overview of the existing literature and by contributing important empirical analyses.' - Bruno S. Frey, CREMA - Center for Research in Economics, Management and the Arts, Switzerland Relationships between people are known to impact our quality of life, and the cohesive nature of those relationships can be evaluated by the time and money that people put into them. In this book, Lorna Zischka explores ways in which a person s willingness to 'give' both reflects and generates social cohesion. Zischka draws together two distinct bodies of literature; on social capital and on generosity, as well as analysing UK data to reveal the strong links between 'giving' patterns and community cohesion. Reacting to the needs and interests of others brings communities together, building positive relationships and enabling people to work together more effectively. Welfare policy can be improved by directing attention to the relationships that underlie 'giving', and as such this book is an important read for community development practitioners and policy makers. Finding out if a programme stimulates more people to 'give' represents a measurable goal that has a tangible impact on social cohesion. This is also a valuable read for social science scholars wishing to explore the feedback loops between thriving communities and the act of 'giving'.

This book gives an in-depth analysis of the role of faith in the work of Tearfund, a leading evangelical relief and development NGO that works in over 50 countries worldwide. The study traces the changing ways that faith has shaped and influenced Tearfund's work over the organisation's 50-year history. It shows how Tearfund has consciously grappled with the role of faith in its work and has invested considerable time and energy in developing an intentionally faith-based approach t relief and development that in several ways is quite different to the approaches of secular relief and development NGOs. The book charts the different perspectives and possibilities that were not taken and the internal discussions about theology, development practices, and humanitarian standards that took place as Tearfund worked out for itself what it meant to be a faith-based relief and development organisation. There is a growing academic literature about religion and development, as well as increasing interest from development ministries of many Northern governments in understanding the role of religion in development and the specific challenges and benefits involved in working with faith-based organisations. However, there are very few studies of actual faith-based organisations and no book-length detailed studies showing how such an organisation operates in practice and how it integrates its faith into its work. In documenting the story of Tearfund, the book provides important insights into the practice and ethos of faith-based organisations, which will be of interest to other FBOs and to researchers of religion and development.

When disaster strikes, our instinctive response is to make things better, not only as individuals but also as groups, organisations, communities and major institutions within society. With increasing climate-related disasters and the potential for future global pandemics, philanthropy will continue to play an essential role. Yet our knowledge of how philanthropic responses to disasters are motivated, organised and received is fragmented. This book is a step toward curating our existing knowledge in the emerging field of 'disaster philanthropy' and to building a robust base for future research, practice and public policy. The authors highlight unknowns and ambiguities, extensions and unexplored spaces, and challenges and paradoxes. Above all, they recognise that philanthropic responses to disasters are complex, conditional and subject to change.

Welfare reform in the wake of austerity has fostered increased interest in self-help initiatives within the community sector. Amongst these, time banking, one of a number of complementary currency systems, has received increasing attention from policy makers as a means for promoting welfare reform. This book is the first to look at the concept of time within social policy to examine time banking theory and practice. By drawing on the social theory of time to examine the tension between time bank values and those of policy makers, it argues that time banking is a constructive means of promoting social change but is hindered by its co-option into neo-liberal thinking. This book will be valuable for academics/researchers with an interest in community-based initiatives, the third/voluntary sectors and theoretical analysis of social policy and political ideologies.

'Resilience' has become one of the first fully fledged academic and political buzzwords of the 21st century. Within this context, Geoffrey DeVerteuil proposes a more critically engaged and conceptually robust version, applying it to the conspicuous but now residual clusters of inner-city voluntary sector organisations deemed 'service hubs'. The process of resilience is compared across ten service hubs in three complex but different global inner-city regions - London, Los Angeles and Sydney - in response to the threat of gentrification-induced displacement. DeVerteuil shows that resilience can be about holding on to previous gains but also about holding out for transformation. The book is the first to move beyond theoretical works on 'resilience' and offers a combined conceptual and empirical approach that will interest urban geographers, social planners and researchers in the voluntary sector.

In recent years, celebrity philanthropy and activism has attracted much attention from the media, sparking a great deal of public interest. As exponents and endorsers of the marketisation and corporatisation of philanthropy and activism, globally renowned super-celebrities habitually lend their name, time and energy to a range of causes. They help raise awareness, generate funds and endeavour to evoke social and political responses to crucial societal issues. These can range from domestic violence, cancer prevention, climate change and transgender acceptance, to refugee problems and fighting poverty at home and abroad. But in what ways do (mediated communications about) these celebrities have the power to define what is going wrong in the world, who or what is to blame, how this can be solved and how this is to be evaluated morally and ethically? Does celebrity humanitarianism and activism serve to reinforce postcolonial power relations or does it help solve social problems, advancing traditional views on how society is, and should be, organised? Importantly, more than conceptual and empirical exploration of celebrity philanthropy and activism as such, this book analyses the mediated communication, the mediatised narratives that these endeavours provide. Combining insights from philanthropy and welfare regime studies, international politics and diplomacy, postcolonial studies, but also from marketing, from celebrity, star and fan studies, and from media, communication and cultural studies, this book critically analyses the mediated discourses and debates that celebrity philanthropy and activism provokes, and considers wider ethical and theoretical perspectives. It will be of interest to all scholars and students working in sociology, health and social care and social policy.

In 2001, George W. Bush created the White House Office of Faith-Based and Community Initiatives. The driving force behind the policy was to create a "level playing field" where faith-based organizations could compete on an equal footing with secular organizations for government funding of social aid programs. Given, on the one hand, the continuation of faith-based policy under Barack Obama and, on the other, the continued support by the vast majority of the American people for some form of such policy, the need has emerged to clearly understand what this policy is and the issues that it raises. Why? First, because the policy reveals new paradigms that explode traditional political and religious designations such as conservative-liberal or evangelical-progressive. Secondly, it is a policy which is setting precedents that with time will only become more entrenched in the institutional fabric of American government and the values of the culture. Finally, it does not seem to be a policy that is likely to just go away. And if it won't go away, then, how should responsible policy be conducted? While John Chandler's Faith-Based Policy: A Litmus Test for Understanding Contemporary America responds to this need to understand, it also acknowledges that there is already a substantial amount of documentation available, which, taken together, provides a comprehensive, though sometimes biased, picture of faith-based policy. This book contributes a relatively brief, impartial analysis that draws on and synthesizes the available information. More specifically, in order to dissipate the confusion surrounding the perceptions that many have had concerning the intention and meaning of the policy, this book provides insight into: 1) the theological visions of the faith-based actors behind the policy; 2) how these actors have tried to apply these visions as the program has evolved in the 2000s; 3) the divisiveness and debate that has characterized the faith-based experiment, and; 4) how all of the above may be held up for contemplation by the reader as a mirror of developing American culture.

Policy ownership of development agenda emerged as an important aspect in international development cooperation during the 1990s in the wake of evident failures of reform initiatives in developing countries steered by donor agencies, particularly the international financial institutions (IFIs), the World Bank (WB) and the International Monetary Fund (IMF). The principal focus of this book is to examine Bangladesh's policy ownership in its PRSP by broadly analyzing the dynamics in the formulation process and examining the principal actors' contribution to the formulation process. This book also deals with several other dimensions of foreign aid and its changing features including the shifts in WB-IMF's approach to development cooperation. This book argues that the WB-IMF strongly influence Bangladesh's development strategies and agendas and in general the WB-IMF have not changed much in their aid relationship despite clear limitations of their previous reform models. Building on Bangladesh's current level of development the book advocates that Bangladesh needs to adopt a new model for development agenda setting. Illustrating the influences of donor communities on the creation of development strategies in developing countries, this book presents a macro dynamics of the political economy of international development cooperation. It will be of interest to academics and professionals working on political economy, governance, public policy and development cooperation as well as South Asian Studies.

Over the past couple of decades, differentials in the level of private contributions to charitable organizations have become a central matter of public policy. Because private charitable contributions finance many socially valuable activities (for example, education and the arts), many governments have tried to boost private philanthropy through various active policy interventions. Furthermore, the temptation to rely on private contributions to finance the provision of public goods has increased substantially in recent years as fiscal constraints have become tighter. Yet there is little robust quantitative evidence regarding the differentials in private charitable giving across countries, and more importantly very little consensus on why these differentials may exist. This volume provides an original, comparative, and historical analysis of charitable giving and of tax policies towards private philanthropy across different countries. It sheds new light on the determinants of private philanthropy and offers interesting practical insights for improving tax policies towards charitable giving.

'Active ageing' has become a key phrase in discourses about challenges and remedies for demographic ageing and the enrolment of older adults into voluntary work is an important dimension of it. The pattern and factors conditioning volunteering among older people has so far been an under-researched topic in Europe and this is the first book to study volunteering among older people comparatively and comprehensively. In this topical book older people's volunteering is studied in eight European countries at the structural, macro, meso and micro levels. Overall it highlights how different interactions between the levels facilitate or hinder older people's inclusion in voluntary work and makes policy suggestions for an integrated strategy. This book provides important new insights for academics and students interested in ageing societies, active ageing and voluntary work. It will also be of great value for policy makers and practitioners in third sector and voluntary organisations.

This volume consists of nine papers that use experimental and theoretical tools to examine issues pertaining to charitable auctions and fundraising. In recent years, the revenue-generating effects of different fundraising techniques have been a subject of increasing policy interest as private, religious and state originations have come to rely increasingly on fundraising activities for revenues. Experimental methods provide an ideal context for conducting the dialogue between economists, fundraisers and policymakers regarding the revenue and social consequences of alternative fundraising methods. Themes explored in the volume include the structure of charity auctions, charity lotteries, fund drives as well as some of broader issues underlying charitable behaviour. It explores the structure of different fundraising and charitable programs. It is a valuable resource for economists, fundraisers and policymakers interested in the consequences of their fundraising efforts.