The Practical Guide to Managing Nonprofit Assets

by Michael S. Benoit, Robert A. DiMeo, William A. Schneider

Wiley | April 21, 2005 | Hardcover |

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"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 swith 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)

Format: Hardcover

Dimensions: 344 Pages, 7.09 × 10.24 × 1.18 in

Published: April 21, 2005

Publisher: Wiley

Language: English

The following ISBNs are associated with this title:

ISBN - 10: 0471692336

ISBN - 13: 9780471692331

Found in: Nonprofit Organizations and Charities

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– More About This Product –

The Practical Guide to Managing Nonprofit Assets

The Practical Guide to Managing Nonprofit Assets

by Michael S. Benoit, Robert A. DiMeo, William A. Schneider

Format: Hardcover

Dimensions: 344 Pages, 7.09 × 10.24 × 1.18 in

Published: April 21, 2005

Publisher: Wiley

Language: English

The following ISBNs are associated with this title:

ISBN - 10: 0471692336

ISBN - 13: 9780471692331

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. Deve
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From the Publisher

"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 swith 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)

From the Jacket

"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 swith 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)

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.

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