NONPROFIT ASSET MANAGEMENT

Nonprofit Asset Management is a timely and authoritative guide to the effective investment of not-for-profit assets. It takes the reader through each phase of the process to ultimately create an elegant and simple framework for the prudent oversight of fund assets. Topics include: the current funding crisis; setting spending and return objectives for the fund; asset allocation (including the drawbacks of the widely available mean/variance analysis software, as well as some of the cutting-edge techniques to compensate for those shortcomings); manager selectionincluding predictive and non-predictive variables and how to recognize subtle danger signals; the importance of rebalancing the portfolio, both to avoid excess risk and to increase return; and how to establish an effective monitoring program to make certain that the program stays on track.

An authoritative guide for effective investment management and oversight of endowments, foundations and other nonprofit investors Nonprofit Asset Management is a timely guide for managing endowment, foundation, and other nonprofit assets. Taking you through each phase of the process to create an elegant and simple framework for the prudent oversight of assets, this book covers setting investment objectives; investment policy; asset allocation strategies; investment manager selection; alternative asset classes; and how to establish an effective oversight system to ensure the program stays on track. Takes you through each phase of the process to create an elegant and simple framework for the prudent oversight of nonprofit assets A practical guide for fiduciaries of endowment, foundation, and other nonprofit funds Offers step-by-step guidance for the effective investment management of assets Created as a practical guide for fiduciaries of nonprofit funds--board members and internal business managers--Nonprofit Asset Management is a much-needed, step-by-step guide to the effective investment management of nonprofit assets.