Book Description

Reflecting the most recent, relevant information in the field, this best-selling text forms a conceptual and practical foundation for marketing in nonprofit organizations.Its coverage encompasses the entire marketing process, providing valuable insights on strategic evaluations, positioning, market targeting, and more. ... Read more

Book Description

"This book should be in the library of everyone who serves--or aspires to serve--on the governing board of any organization, large or small, nonprofit or corporate. Better than any other available resource, it tells what the roles of board members are and what they must and shouldn't do. An indispensable guidebook to leadership excellence."
--George Weber, secretary general, International Federation of Red Cross and Red Crescent Societies, Geneva

"John Carver's Boards That Make a Difference was required reading for board members of the Calgary Philharmonic Society. It provided a clear and concise road map with which we carried out significant governance restructuring of the society."
James M. Stanford, president & CEO,, Petro-Canada, and past chairman of the Calgary Philharmonic Society, Calgary, Alberta, Canada

John Carver's groundbreaking Policy Governance model has influenced the way public and nonprofit boards operate around the world. Now, as widespread experience with the model continues to grow, Carver enriches his definitive exposition with updated policy samples, a new chapter on the process of policy development, and additional resources for various types of boards. He debunks the entrenched beliefs about board roles and functions that hamper dedicated board members. With creative insight and commonsense practicality, Carver presents a bold new approach to board job design, board-staff relationships, the chief executive role, performance monitoring, and virtually every aspect of the board-management relationship. In their stead, he offers a board model designed to produce policies that make a difference, missions that are clearly articulated, standards that are ethical and prudent, meetings, officers, and committees that work; and leadership that supports the fulfillment of long-term goals.

... Read more

Reviews (6)

Very Helpful
The world is full of experts at what is wrong with the things that we do. Dr. Carver has a rock-solid, well thought out suggestion concerning how to do it right. One reviewer complained that Dr. Carver's suggestions are not realistic. Right is not often realistic, but right is always right. It's far better to start with an ideal and compromise from that point than to capitulate from the outset. Boards that Make a Difference is well worth reading.

Idealistic
The carver style of governance is a tad idealistic and perhaps overly optimistic. I have read everything Dr Carver has written concerning this field and enjoy this material at an academic level. But when it comes to operationalizing this model in boardrooms I've seen it fail time and time again. Not to say that the model is flawed because in fact the model is normative and conceptually complete. However it doesn't capture that element of reality from which, in my experience, the model requires - practicality and real-world application. Dr Carver's notion that Boards can do without Finance and Audit Committees is very naive. Most consultants from the chartered accountant genre are saying the complete opposite. In fact most government policy initiatives are moving toward more control of financial affairs of organizations for boards from charts of accounts to fiscal policy. So I don't think the elimination of Finance and Audit Committees is realistic nor is it a terribly bright suggestion. I guess my only crticism is that the carver model is far to idealistic and philosophical for a practical application in the form Dr Carver suggests. Sorry but a hybrid model of traditional Board governance and the carver model may work given the commitment required from directors to follow-though on everything suggested in that system of governance,

A must-have for not-for-profits!
This book was the core piece of a radical change in our board room. It led us down the path we knew we wanted to go but didn't know how to get there. His model for board room organization could revolutionize boards of companies in transition, like those of the rural electric program in America. It's a road map for where you already know in your heart that you want to go.

Essential for public boards seeking to lead strategically
After 5 years on a local Board of Education I finally found a book that describes everything I know is wrong with board management practices in schools and nonprofit organizations. But that is the easy part. Carver offers sound alternatives to current practices that put the responsibility and the capability for strategic leadership right where it belongs--on the board.

I winced as I read Carver's description of reactive boards trapped in the "approval syndrome" in which boards rely on staff to bring issues and recommendations to them for approval. This pervasive practice not only takes board members out of the driver's seat, but it confuses the lines of accountability between the board and the CEO for the organization.

Carver offers a framework for changing all that by forcing the board to rethink all of its policy with an eye toward board-determined policies that operate at the highest level possible. In Carver's approach only four types of policies need to be set by the board: 1) "Ends" policies (board expectations), 2) Executive Limitations (the "don'ts" for the organization), 3) Board process policies and 4) Board-CEO relationship policies. *Everything* you need to be involved in can be fit into one of these four categories.

Want to learn how to stop working at the staff level and how to help your organization find a true sense of direction? Carver's book offers practical and straightforward ways of getting there.

Accessible, Codified Common Sense
Mr. Carver presents a very readable way of looking at how governing boards should work. His theories are logical and his arguments pursuasive. He offers board members an intellectual framework to consider how their organizations are running. The book is prescriptive, but not preachy. I was very surprised to find it sensible after hearing so much hype from "converts" to his method. ... Read more

Book Description

Hands-on guidelines for using the Balanced Scorecard within mission-driven organizations

Today’s insistence on demonstrated organizational performance is not limited to private-sector corporations. Public and nonprofit agencies are also finding that, as financial resources decrease and demand for results increases, they too must institute performance goals along with programs and processes to consistently progress toward those goals.

Balanced Scorecard Step-by-Step for Government and Nonprofit Agencies identifies the opportunities–and helps eliminate the obstacles–of bringing the popular and proven Balanced Scorecard approach to public and nonprofit organizations.

This results-focused and practical book provides you with:

• Fundamentals of the Balanced Scorecard concept
• Advice on how to alter the "geography" of the balanced scorecard to fit public and nonprofit agencies
• Techniques for developing strategy maps and Balanced Scorecards throughout your organization
• Tools and templates to link the Balanced Scorecard with key management processes

Balanced Scorecard Step-by-Step for Government and Nonprofit Agencies outlines the very real benefits of the field-proven Balanced Scorecard approach, and details how it can be tailored to the unique requirements and realities of nonprofit and public-sector organizations. Let it show you how to use the Balanced Scorecard to help your organization dramatically improve operational and fiscal effectiveness–and better meet the needs of your stakeholders. ... Read more

Reviews (3)

A book for the 21st century
Niven is one of the best authors on BSC. If this administration and communications tool has been hailed as one the best new concepts in the business world, in nonprofit and government administration it can have even more impact. It is a great general introduction, but even seasoned experts will find enlightenment and a great very updated bibliography. Works very well as a textbook for nonprofit management with HBS cases.

Clear, informative and highly implementable advice
Although the Balanced Scorecard has taken over performance mangagement thinking in business, its linkages and adaptability to public and non-profit organizations has remained extremely challenging. I currently am resposible for leading planning and strategy development for a large social services provider in Canada. Being a strong proponent of Balanced Scorecard theory, I anxiously waited two months for Paul Niven's latest book to hit the shelves in hope that I could adapt the balanced scorecard approach to evaluate our organization's strategy. Long story short >> Balanced Scorecard for Government and Nonprofit Agencies was an incredible investment, and we are now on the way to better measuring and reporting on our organization's progress with the help of this book's advice, tips and proecess design steps.

Paul Niven's writing style provides a clear and informative description of the balanced scorecard approach to performance planning and measurement - and presents easy-to-follow steps for designing and implementing performance systems to monitor and evaluate the impact of nonprofit and public sector programs. I highly recommend this easy-to-read book to anyone interested in understanding how the world's leading approach to performance measurement and management can be successfully incorporated into your organization.

Good & Practical Book on Balanced Scorecard
I've read most of the literature on the Balanced Scorecard and the previous books by Norton & Kaplan and Paul Niven himself. Being a Management Consultant of 15 years, I worked with numerous for-profit and not-for-profit organizations and have the usual skepticism towards theory books. This latest book on Balanced Scorecard was easy-to-read with numerous examples from Balanced Scorecard implementations in public sector. I found the step-by-step approach to be practical and quite down-to-earth with numerous take aways for a reader interested in BSC or a performance management practitioner, like myself. The book rightly touches upon the challenges in the scorecard implementations, and offers valuable advice. If you haven't read any previous books on this subject, you can read this book alone for a good idea on what the Balanced Scorecard is all about, and how you go about its implementation. ... Read more

Book Description

The Nonprofit Kit For Dummies is the only comprehensive guide of its kind at a reasonable. This is a nuts-and-bolts guide for real people -- nonprofessional managers and volunteers who hope to start a nonprofit but don't know where to begin or who already run one but are struggling with a multitude of decisions and tasks -- real-life issues like staffing, budgeting, fundraising, tax reports, and facilities. ... Read more

Reviews (4)

Not helpful at all
As an attorney, I read a lot of publications about creating nonprofits -- here's what you need to know about this book:

1) No clear instructions on how to incorporate or how to fill out (very complicated) IRS forms necessary to obtain tax exempt status.

2) Covers a lot of topics only lightly, skipping important details.

3) No detailed info on state laws, which is extremely important to every nonprofit corporation.

If you really don't want to visit an attorney, Nolo's book "How to Form a Nonprofit Corporation" is the best one available, and addresses everything this Dummies book doesn't.

Be careful!!!
OK this book makes you feel like incorporating is as easy as bying the book ...

But it is way too vague, and omits to tell you what you get yourself into !

After reading this book, I incorporated and for additional info I bought Nolo's How to Form a Nonprofit Corporation in California by Anthony Mancuso (or How to Form a Nonprofit Corporation if you don't live in california) and I got really scared.
This nonprofit kit is really for dummies, it doesn't even talk about applying for state tax exemption which is as important as federal tax exemption, or your responsibilities and duties as a director or officer.

I would really advise you to buy Nolo's book (nolo.com). The author is much more responsible, he clearly tells you that you should prepare your bylaws, your federal and state tax exemption application BEFORE submitting you articles of incorporation ...

Plus, this nonprofit kit for dummies is making some huge mistakes! It tells you that the Board of Directors is composed of the president, vice president, secretary and CFO ... which is totally untrue, they are officers
The board of directors is composed of guess what ... directors.

all-in-one resource
This book puts it all together, with very savvy advice on not just what to do to launch and sustain a non-profit, but how to do it well, with realistic goals. My favorite sections are the ones on writing: how to develop a mission statement and a grant proposal. But all the nuts & bolts information about budgeting and raising money is excellent, too. The advice also is very flexible, so it can apply to nonprofits that are social service-oriented, arts-oriented, etc. A good starting point for all of us who want to turn dreams into realities.

Now I don't feel so dumb!
Great book for someone starting at ground zero!

Before I found this book, I was struggling with my fear of overlooking some important aspect while starting a non-profit, the Financial Literacy Infusion Project (FLIP). My intrepidation was actually putting some of FLIP's potential funding in jeopardy. When I looked at the scope of topics in the table of contents, I breathed a sigh of relief. I was on my way to filling in some important "holes" I had overlooked and feeling confident that I was developing a strong foundation for FLIP.

Hutton & Phillips cover the gamut of starting and running a non-profit in a reader-friendly format. NP for Dummies is also loaded with references and resources for more information on any subject covered. The CD is also a definite, easy to use PLUS! ... Read more

Book Description

In Balanced Scorecard Step-by-Step, Paul Niven shares his extensive experience in developing Balanced Scorecards for Fortune 1000, public sector, and not-for-profit organizations. The reader quickly learns that a Balanced Scorecard implementation is more than a "metrics" project, that it touches many critical organizational processes. Through detailed step-by-step discussions, Niven provides insight on and practical solutions for: developing performance objectives and measures that faithfully translate strategy, generating executive support, and assembling the right team. Readers also learn how to ensure the Balanced Scorecard becomes an integral component of their management systems by cascading it to all levels of the organization, aligning budgets and compensation with strategy, reporting results with software, and putting in place systems to ensure lasting success.

"Paul Niven, through his experience as project leader at the excellent and highly successful implementation at Nova Scotia Power, and subsequently as a Balanced Scorecard consultant, is one of the few who can talk and write knowledgeably about how to make the Scorecard happen in an organization. Balanced Scorecard Step-by-Step guides readers through the processes required for a successful Balanced Scorecard project. In addition, he shows how to become a strategy-focused organization by imbedding the Balanced Scorecard into critical organizational processes." —From the Foreword by Robert S. Kaplan

"This is the Balanced Scorecard journey, told step-by-step by one who has traveled the BSC road many times. Paul Niven is not just a sideline cheerleader for the BSC; he is someone who rolls up his sleeves and has what it takes to fine-tune BSC performance promises. A must-read for anyone considering or already on the BSC journey." —Catherine Stenzel, Editor, Journal of Cost Management ... Read more

Reviews (9)

How to Achieve and Then Sustain Superior Performance
It is noteworthy that Robert S. Kaplan wrote the Foreword to this book. He and David P. Cohen are the co-authors of three other books on this important subject: The Balanced Scorecard: Translating Strategy into Action, The Balanced Scorecard: Measures That Drive Performance (HBR OnPoint Enhanced Edition), and most recently The Strategy-Focused Organization: How Balanced Scorecard Companies Thrive in the New Business Environment. In the Preface, Kaplan graciously welcomes "this new book to the Balanced Scorecard literature" and goes on to suggest that "Niven's contribution will enable many more organizations to achieve successful Balanced Scorecard implementations."

Given the potential benefits of such a program, one which provides a measurement system that balances the historical accuracy and integrity of financial numbers with today's drivers of economic success, I strongly recommend that Kaplan and Norton's books also be consulted. The total cost seems a small price to pay for the substantial value that will be derived.

Here is how Niven organizes his material :

Part One: Introduction to Performance Measurement and the Balanced Scorecard

Its purpose is to "familiarize [the reader] with the field of performance measurement and provide a solid grounding of Scorecard background and principles."

Part Two: Step-by-Step Development of the Balanced Scorecard

Next, Niven provides his reader with "a detailed review and description of the elements necessary to construct this new and powerful management tool."

Part Three: Embedding the Balanced Scorecard in the Organization's Management System

Then Niven shifts his (and his reader's) attention to implementing -- literally step-by-step -- a cohesive, comprehensive, and cost-effective system based on the aforementioned principles (Part One) and elements (Part Two). This marks the "Scorecard's transition from a measurement system to a strategic management tool." Niven explains in Chapter 8 how to align every employee's actions with the organization's overall goals.

Part Four: Sustaining Balanced Scorecard Success

Niven carefully examines the importance of frequent reports on results (to date) which both broaden and (more importantly) deepen support of the Scorecard within the organization. To repeat, the Scorecard is an effective management tool as well as a source of measurement information.

Part Five: Balanced Scorecard in the Public and Not-for-Profit Sectors and Concluding Thoughts on Scorecard Success

The "many advantages conferred by a the Balanced Scorecard" were recognized and appreciated almost immediately by public-sector and not-for-profit organizations. This "rising trend" serves as Niven's focal point in Chapter 13 and then, in the final chapter, he shares some concluding thoughts.

These specifics are provided so that those who read this review will have a clearer understanding of the scope of what Niven offers. No brief commentary such as this, however, can adequately suggest the depth of his probing analysis. He wrote the book for decision-makers in organizations which are now deciding whether or not to commit to a Balanced Scorecard program. Also for decision-makers in other organizations within which such a program is now underway. Niven concludes his Preface with Euripides' especially relevant comments on the importance of balance, first expressed almost 2,500 years ago: "The best and safest thing is to keep a balance in your life, acknowledge the great powers around us and in us. If you can do that, you are really a wise man." I wholly agree with Niven that "the same applies to organizations."

Muy recomendado/ highly recomended
Adquirí este libro y no puede parar de leerlo hasta que lo terminé. Simple, bien escrito, práctico.
Probablemente es el libro mas útil sobre el tema que se haya publicado

It is a simple written, useful book, you wont stop reading until its finished.

Learn How to Do It
If you are interested in the experience of companies that implemented the BSC, read the Kaplan and Norton books. Now if you want to learn HOW TO actually DO IT then this book is for you. Instead of selling the reader on the BSC concept Paul Niven teaches the BSC step by step - just like the book title says. I particularly liked Chapter 5 - commonly used measures from each of the BSC perspectives. This is a good book to have if you are implementing or planning to implement the BSC.

Outstanding BSC Handbook
This book makes BSC theory utterly accessible. It provides an appropriate amount of background for those who do not know BSC theory well, but the balance of the book is dedicated to implementing BSC for almost any type of company (profit, non-profit, public sector). Niven's language is clear and thorough and his book serves as a step-by-step implementation plan for BSC.

Should Charge $250,000 Or More For This Book...
This book gives you the power to say "Thank you, but no thank you" to the legions of high-priced consultants (like myself) who offer to help design, establish and implement your company's balanced scorecard.

While Robert Kaplan did write the introduction, he and Norton must be very dissappointed that they didn't write this book -- I'm certainly sorry that I didn't write it. Author Paul R. Niven provides all the tools, methodologies and steps necessary to create and execute your own balanced scorecard. He's held nothing back. It's all here. Whether you lead a local non-profit or are the CEO of a Fortune Global 500 corporation (like my clients), Niven has provided detailed step-by-step instructions for both of the key phases of the balanced scorecard project:

I. Planning Stage:
Step One: Develop objectives
Step Two: Determine appropriate organizational unit(s).
Step Three: Gain executive sponsorship.
Step Four: Build your balanced scorecard team.

Step Five: Formulate your project plan.
Step Six: Develop a communication plan.

II. Development Stage:
Step One: Gather and distribute background material.
Step Two: Develop mission, values, vision, and strategy.
Step Three: Conduct extensive interviews.
Step Four: Develop objectives and measures.
Step Five: Develop cause-and-effet linkages.
Step Six: Establish targest for your measures.
Step Seven: Develop the implementation plan.

This book is fantastic. In fact, I'm thinking about placing a bulk order for the book to give to all my clients. On second thought, why give away all the "secrets?" Seriously, this is one of the best business and management books I've read this year. Overall grade: AAA+++/Highly Recommended. ... Read more

Book Description

Grant writing skills are essential in gaining funding from government and foundation grants for a nonprofit organization. In the past, there were no college degrees in grant writing and very few, if any, books on how to write a grant. The process of learning how to write a grant was mostly trial and error, but times have changed. Today, grant writing is a science – a skill that reflects a precise application of facts or principles.

Grant Writing For Dummies can help anyone who has to seek and secure grant funds in order to keep an agency’s doors open for business or to fund a special project. This reference guide is also for people who want to make a career of freelance grant writing. The easy-to-use format, thorough approach, clear advice, and voice of experience will help anyone to:

• Get the scoop on government and foundation grants
• Go for the gold with multiple grant requests
• Make the case for your grant request
• Use words that make founders say “yes”

Figure out the rules of the grants game to put together your grant application. Reach your goal of receiving funding for your organization from a government or foundation grant. Grant Writing For Dummies also covers the following topics and more:

• Searching for government grants
• Conveying your needs for grant funds
• Fashioning the essentials such as cover letters and abstracts
• Presenting the budget
• Double-checking your grant proposal or application before you submit it
• Win or lose – how to play your next card

Every year, the federal government distributes billions of dollars in grant money to nonprofit organizations. Grant Writing For Dummies guides you along your quest for funding with all the essential information you need to achieve success. ... Read more

Reviews (7)

clear, precise and easy to use
I was struggling through a master's level grant writing course and hitting snag after snag in my own grant writing project. The text books for the course provided contradictory and confusing information that on the whole did not apply to the actual process of grant writing. I gave up and purchased Grant Writing for Dummie. I only wish I had gotten this book earlier. The book is well organized and walks you through the often convoluted process of researching, writing and submitting grant proposals. I appreciated the clear writing and colorful examples of how to phrase and document a grant proposal. I recommended the book to the professor but he was less than enthusiastic about the idea of replacing the standard class textbooks.

Non-Profit Handbook for Excellence
When approached to provide grant writing services, I thought I couldn't do it, then I found this book.

After purchasing, I picked a day to study this book completely and found it wasn't needed. The best feature is the easy reference format, I could simply flip to what I needed and work from there.

The web site listings, foundation break-downs and overall content got me on the right track.

This book will be helpful only if you are seeking a grant for a non-profit. I searched elsewhere for information on sponsorships and other available funding.

What is offered are the absolute basics for getting started on grant writing. Companies will not give your paper or proposal a second glance if you don't take the time to research their specific guidelines.

Buy this book, do your homework and you just might get that grant. It's a far better investment than the internet rip-offs for thirty of more dollars that claim to tell you how to get a grant.

From experience, I'll tell you now, there are no guarantees, each company decides, and this book will be a foot in the door.

If you are not non-profit, DO NOT BUY THIS BOOK!
Nowhere on the front or back cover does it say this book is about getting grants for not-for-profit agencies only. You have to read 3+ pages of the book until it says so.

I returned the book. The little I did read seemed comprehendable and well written.

Grant writing dummy? Not so now!
This book gave all of the info that I needed to write a proposal for a grant. I would HIGHLY reccommend it to anyone that is taking on this project. All of your questions are answered in a very easy to understand manner. You are taken step by step to the completion of your task, leaving you with the feeling that you have done the best job that you could do. I have enjoyed many of your books for 'dummies', don't stop now. Thank yo so very much.

AMAZING INFORMATION!
I've been writing grants on my own for a few years with a very high success rate. I bought this book because I am about to embark on writing some large requests for foundation and federal funding. I was hoping to learn a few more tips from an expert. Boy did I get my money's worth! I wish I would have read this book before I wrote my first grant! There are tons of tips. The book is well written in a smart format that makes it quick and easy to read. I'll definitely use it for a reference text for years to come. Thanks Beverly Browning! ... Read more

Book Description

A new framework for helping nonprofit organizations maximize the effectiveness of their boards

Written by noted consultants and researchers attuned to the needs of practitioners, Governance as Leadership redefines nonprofit governance. It provides a powerful framework for a new covenant between trustees and executives: more macrogovernance in exchange for less micromanagement.

Informed by theories that have transformed the practice of organizational leadership, this book sheds new light on the traditional fiduciary and strategic work of the board and introduces a critical third dimension of effective trusteeship: generative governance. It serves boards as both a resource of fresh approaches to familiar territory and a lucid guide to important new territory, and provides a road map that leads nonprofit trustees and executives to governance as leadership.

Governance as Leadership was developed in collaboration with BoardSource, the premier resource for practical information, tools and best practices, training, and leadership development for board members of nonprofit organizations. Through its highly acclaimed programs and services, BoardSource enables organizations to fulfill their missions by helping build effective nonprofit boards and offering credible support in solving tough problems. For the latest in nonprofit governance, visit www.boardsource.org, or call us at 1-800-883-6262. ... Read more

Book Description

During his fourteen years as Yale's chief investment officer, David F. Swensen has transformed the management of the university's portfolio. Largely by focusing on nonconventional strategies, including a heavy allocation to private equity, Swensen has achieved an annualized return of 16.2 percent, which has propelled Yale's endowment into the top tier of institutional funds. Now, this acknowledged leader of fund managers draws on his experience and deep knowledge of the financial markets to provide a compendium of powerful investment strategies.

Swensen presents an overview of the investment world populated by institutional fund managers, pension fund fiduciaries, investment managers, and trustees of universities, museums, hospitals, and foundations. He offers penetrating insights from his experience managing Yale's endowment, ranging from broad issues of goals and investment philosophy to the strategic and tactical aspects of portfolio management. Swensen's exceptionally readable book addresses critical concepts such as handling risk, selecting investment advisers, and negotiating the opportunities and pitfalls in individual asset classes. Fundamental investment ideas are illustrated by real-world concrete examples, and each chapter contains strategies that any manager can put into action.

At a time when it is becoming increasingly difficult to cope with the relentless challenges provided by today's financial markets, Swensen's book is an indispensable roadmap for creating a successful investment program for every institutional fund manager. Any student of markets will benefit from Pioneering Portfolio Management. ... Read more

Reviews (10)

Truly unique insight into institutional portfolio management
Swensen's book is a must-read for endowment managers and other institutional investors, particularly those who take a fund-of-funds approach (as does Yale, where Swensen is Chief Investment Officer). Swensen aptly lays out the investment policy that has enabled Yale to consistently outperform other U.S. endowments. As Yale's CIO, Swensen has set a target portfolio allocation that departs significantly from the still heavily U.S. equity and debt-focused strategy of most endowments. Swensen's approach includes a large allocation to asset classes that are not highly correlated to the U.S. public equity market. He outlines these "alternative" classes in his book, giving the reader an excellent view of how alternative investments can increase risk-adjusted portfolio returns.

Perhaps the biggest contribution of Swensen's book, however, is the debunking of myths that still lull fiducaries into making the wrong decisions, for example when it comes to picking investment managers. Swensen advises against chasing managers who have performed well simply because of their past performance. If attributes such as personal integrity and the right fee structure are lacking, solid past performance can become a liability, not an asset. Swensen describes the example of private equity firm KKR-- after tremendous early successes, the flood of investor capital into KKR enabled the firm's partners to set up a fee structure that ensured big payoffs for themselves even if their funds underperformed. This is just one of many valuable lessons the reader will draw from Swensen's book.

Thoughtful, cautious, and quite readable
This book provides some well thought out advice on how to invest. It deals mainly with strategies appropriate to handling multi-billion dollar portfolios, but many of the ideas would apply to ordinary investors as well. But because he is mostly very cautious about what strategies to use, the advice won't be terribly surprising to experienced investors, and won't satisfy many risk-tolerant investors.
The one area in which I disagree with the book is his overly confident rejection of technical analysis. While most simple versions of technical analysis have not shown impressive results, and it may well be that none work with investments of the size that Yale makes, the number of successful traders who make some use of technical analysis (for example, most of those interviewed in Jack Schwager's books) should not be dismissed lightly.

Many good insights
David Swensen reveals many insights available only from experience which are valuable for individuals and boards responsible for guiding large portfolios. I wished for more detail regarding the manager selection guidelines and asset allocation/reallocation criteria however we must respect that this information is proprietary.

A must-have for MBA students and investment professionals
First of all, Swensen and Takahashi's team puzzled me by its consistent performance to beat the benchmark for over 15 years, with last year¡¯s stunning annual return of 41%, leading the assets under management to easily surpass $10 Billion. The book is not only a great resource to look into the minds of the people who made this happen but also a wonderful application of finance, investment, asset allocation, strategy and management that you are learning in business school. Without mentioning the merits of the finance theory and investment techniques, the book is presenting a compelling case study of how investment office fits into the picture of institution building.

Second, the fascinating aspects of the book is the ¡°unconventional approach¡±, not just simply statistics and financial modeling, for long-time horizon investing. For example, in asset allocation and manager selection, it can come from topdown analysis with support of quantitative modeling and sophisticated simulation; it also can come from scientific findings and number crunching to uncover the value creation process, which usually leads to the later asset allocation strategy to fully take advantage of the discoveries.

Third, the stress and analysis of alternative investment assets and absolute returns are also worthy of mentioning. Contrary to what traditional financial theories or books focusing on efficient markets, Swensen¡¯s book casts a lot of insights on the less-covered alternative asset classes and less efficient markets. Interestingly, they never seem to be constrained by their own defined class by constantly exploring those asset classes. For example, Swensen is famous for backing venture capital and private equity. It is true that they took the plunge well before others did. Nevertheless, they explore much more than that --other inefficient markets and conventionally less-discovered places.

Finally, there are some more things that I would love to see in the book¡¯s next edition or a new book. One intriguing aspect of Yale Investment Office is its consistently great performance, which happens to coincide with the very volatile years from 1985-2001. Think about the Black Monday in 1997, the stagnation (coupled with high inflation) in late 1980s, bull market, bear market, Asian Financial Crises, Russian Default, Internet bubbles in 2000 and recent bubble-burst. How they weather through the storms as well as sunny days in a systematic way would be really worthy of reading. How do they deal with financial innovation, such as some exotic financial instruments and hedge funds?

In general, I would rate this book the highest score, with high hopes for another book from their team.

Original thought and a rare look into an important world
I give this the highest rating available for two reasons: First, it gives rare insight into the forces driving generally any institution and in particular investments by endowments and foundations. Second, Mr. Swenson provides surprisingly original and expectedly sophisticated thoughts on a number of new and crucial aspects of portfolio management from a wholistic and asset-class specific perspective. He also provides a fresh look at new or often brushed over topics including alternative investments, evaluation of quantitative strategies, and evaluation of managers within each asset class. Although the investments of the Yale Endowment are well known, I knew little about David Swenson prior to reading this book. I came away very impressed with his thoughts. He managed to provide insight and make interesting a lot of topics previously thought simple.

Generally speaking there are two sources of capital available, those from individuals and those from institutions. Every other investment institution(ie, investment banks, mutual funds, hedge funds, brokerages) are simply intermediaries that help transform investment capital into working capital. Understanding the needs of both individuals and institutions is crucial from a number of perspective. For an economist, both groups represent fundamental causal mechanisms in the flow of capital. For anyone in the investment business from stock brokers to investment bankers to hedge fund managers, both individuals and institutions represent a significant potential source of revenue. More information than we need to know is available about the individual. However, surprisingly little good information is available about institutional investors. If anything, the first half of this book provides a useful look into the views of an institutional investor.

Aside from providing a look at the industry, this book was undoubtedly insightful from a pure finance/investment perspective. Mr. Swenson manages to shed light on a lot of topics that were previously taken for granted. Examples include his illustration that on a risk adjusted basis, private equity funds(LBO and venture capital)on average don't perform that well. Only top-tier funds are beating the "market" (S&P500), and only they're worth investing in. Moreover, he's even shed light on the much whispered....never talked about fact that perhaps private equity managers are overcompensated.

His examination of alternative investments is only one aspect of the book. He also provides a fresh look at other important topics that often go unnoticed such as the limitations of mean-variance optimization in asset allocation, active vs. passive fund managers, the role of real estate within the overall portfolio, the significance of REITs, and many others. ... Read more

Book Description

Your total guide to putting a powerful management tool to work in your organization

Why strategic planning? Because a well wrought strategic plan helps you set priorities and acquire and allocate the resources needed to achieve your goals. It provides a framework for analyzing and quickly adapting to future challenges. And it helps all board and staff members focus more clearly on your organization's priorities, while building commitment and promoting cooperation and innovation.

But to be effective, your plan will need to address the special needs of the nonprofit sector. And for more than a decade, Strategic Planning for Nonprofit Organizations has been the number-one source of guidance on all facets of strategic planning for managers at nonprofits of every size and budget.

This thoroughly revised, updated, and expanded edition arms you with the expert knowledge and tools you need to develop and implement surefire strategic plans, including tested-in-the-trenches worksheets, checklists, and tables—in print and on the companion CD-ROM—along with a book-length case study that lets you observe strategic planning in action. Packed with real-world insights and practical pointers, it shows you how to:

• Develop a clear mission, vision, and set of values
• Conduct SWOT analyses and program evaluations
• Assess client needs and determine stakeholder concerns
• Set priorities and develop core strategies, goals, and objectives
• Balance the dual bottom lines of mission and money
• Write and implement a solid strategic plan
• Develop a user-friendly annual work plan
• Establish planning cycles, gauge progress, and update strategies

Book Description

For busy fundraisers, writing letters of appeal can be confusing and laborious. Now, a guide from the nation's premier letter-writing tutor--direct mail expert Mal Warwick--shows fundraisers what makes the best letters work. Whether its general advice about the most effective mail strategies, or specific advice for those interested in the details of a direct mail campaign, Warwick keeps fundraisers on track when he reminds: "You're writing for results--not a Pulitzer Prize."

In How to Write Successful Fundraising Letters, Warwick's step-by-step model for writing a successful appeal walks you through the critical stages; his topics range from laying the groundwork for a prosperous campaign all the way through to the importance of thanking donors. Supported by an extensive collection of model letters, Warwick's no-nonsense, jargon-free work has helped thousands of fundraisers achieve results.

... Read more

Reviews (6)

Every Non-Profit Should Have This Book
Fundraising is a very specialized area of copywriting and marketing. Unlike the more common direct mail letter wherein you are selling a product or service, fundraising often offers nothing more to the receipient than a chance to feel good about doing good.

As a consequence, fundraising letters for charities and oher non-profits literally have their own rules that vary from the traditional approach to direct mail. Warwick is the recognized master of this field and is a legend in fundraising circles.

Every charitiable organization and non-profit group should have this book on their shelf, or have a copywriter available to them that does. And even if you aren't going to apply the principles in the book to fundraising, its still a great guide to writing effective marketing copy.

The best book of its kind ...
There are many many books and courses on how to write a funding proposal but few out there on how to write and develop your organization's annual campaign. Fortunately Mal Warwick's is the only book you'll ever need. Thorough, loaded with examples, not only of solicitation letters but follow up and thank you letters as well -- if you're a development professional this is one book you must have on your shelf. Using Mal Warwick's books and website, along with a great deal of marketing reading, I successfully redesigned my organization's membership campaign - raising our overall donations by 33% the first year and an additional 25% the second year.
While geared to annual campaigns/individual donors, this book will also aid you in writing foundation proposals - particularly to those smaller foundations that may merely require a letter proposal. Mal takes the best of both worlds - marketing and nonprofit management - and gives you a guide that the development professional will refer to daily. With the thousands of foundations in the United States, not every one is a Kellogg or a Kresge or a Pew and this book is an invaluable aid to getting your proposal read. HIGHLY RECOMMENDED (as are all Mal Marwick's books).

A Good Primer on Fundraising Letters
I found this book to be a great primer on writing fundraising letters. This book is written in simple enough language that beginners will be able to follow along, yet is detailed enough that even accomplished fundraisers will benefit from a throurough review of this guide.

When I wrote "25 Fundraising Secrets - Raise More Money, Guaranteed," I included a chapter on how to make follow-up phone calls after mailing out fundraising letters. When I am asked by readers how to write those fundraising letters, I direct them to this informative book by Mal Warwick.

Never Wrote a Fundraising letter before
This was an excellent book! I was able to put together not just a letter, but a fundraising package. The instructions are complete and the examples are wonderful reference tools. I am new to the Fundraising industry and this is a book that I am now purchasing for my library. It also covers thank you's. I would highly recommend this book to someone who has never wrote a fundraising letter before or even for the experienced letter writer!!

My top recommendation for fundraisers
In my seminar on nonprofit communications I strongly recommend several titles, chosen from the dozens on my shelves. Mal Warwick's How to Write Successful Fundraising Letters tops the list. It is pretty much a model, I think, for good how-to books: it is well organized, comprehensive (in ways you'd never anticipate), filled with case studies and annotated examples, brief, to the point, practical, and extraordinarily reader-friendly. I wrote fund-raising letters before I read Mal's book; some letters worked, some didn't. After I read his book, I never wrote an unprofitable letter again. You will not regret buying this book: it removes the veils from so many mysteries of successful direct mail fundraising. ... Read more

Book Description

Unlike other government and not-for-profit accounting texts, this one is directed for both potential users and preparers of financial reports. Emphasis is placed on the significance of reported information and how both users and preparers can interpret and analyze accounting information. ... Read more

Book Description

Two Frontline Experts In Getting Grants Share Their Successful Strategies For Developing And Writing Winning Grant Proposals

Grant writing seems quite straightforward to people who don't need a grant, but very difficult to people who are desperate for funding--especially in this post-9/11 environment of massive budget cuts and urgent need.This book, written by two authors who have won millions of dollars in grants, provides a comprehensive step-by-step guide for grant writers, de-mystifying the process while offering indispensible advice from funders.In fact, it's the only book you'll find that's filled with in-depth interviews with government and foundation grantmakers.You'll learn exactly what a grantmaker wants, and how to make the most effective pitch.Ellen Karsh headed the New York City Mayor's Office of Grants Administration under Rudy Giualiani and Mike Bloomberg, and Arlen Sue Fox currently manages the development department at a large New York City not-for-profit organization.Together, the authors have written the one and only book for EVERYONE seeking grants--not-for-profit oraganizations, municipal, county, and state governments, school superintendents, principals, teachers, and boards of education, and people seeking funds for scholarly and cultural projects.The book includes up-to-date resources, sample forms, and proposal components; a guide to using the internet to find grant opportunities; a glossary of terms with any word, phrase, or concept a grant writer may need; plus fifty tips for writing a winning proposal. ... Read more

Reviews (9)

Simply the Best
Purchased this book with a few others to get started on grant writing for a non-profit. Read the book front to back in less than a week because I enjoyed it so much. I found myself coming into my office each morning and checking out new websites from the book to help me. After reading the book, I truly understand what grantmakers are looking for in a proposal. Thank you so much!

A Model of Its Kind
I live in London, am an interested observer of the relationship between local government and the private sector but not someone who would ever actually have to write a grant proposal. The beauty of this book lies in the combination of fascinating insider knowledge and graceful writing. It even made me laugh out loud at times.No small feat. All in all, a remarkable achievement.

Superb -- readable, direct, informative
These two professional grantseekers provide a very helpful perspective for both newcomers to the grants world and those with experience. The grantmakers interviews are particularly helpful, and the honest and unpretentious style of the book make it an enjoyable read.

The Best
This really IS the only grant- writing book you'll ever need. It's an extremely helpful book that is both readable as well as comprehensive. The websites are exhaustive, the appendix material useful, the glossary of terms highly technical and inclusive, and the interviews with funders are unique. All in all - a gem.

Help at Last
I found this book especially reader-friendly in spite of the complexities of the grants process. The glossary of terms and the interviews with people who give grants offered valuable insight into the world of grants.

I especially appreciated the emphasis on the need for collaboration. This was presented in a convincing manner! ... Read more

Book Description

When it was first published more than sixteen years ago, John Bryson's Strategic Planning for Public and Nonprofit Organizations introduced a new and thoughtful strategic planning model. Since then it has become the standard reference in the field. In this completely revised third edition, Bryson updates his perennial bestseller to help today’s leaders enhance organizational effectiveness. This new edition:

• Features the Strategy Change Cycle—a proven planning process used by a large number of organizations
• Offers detailed guidance on implementing the planning process and includes specific tools and techniques to make the process work in any organization
• Introduces new material on creating public value, stakeholder analysis, strategy mapping, balanced scorecards, collaboration, and more
• Includes information about the organizational designs that will encourage strategic thought and action throughout the entire organization
• Contains a wealth of updated examples and cases

Reviews (3)

Wonderful Strategic Planning Tool
I found this text to be a useful tool in understanding the strategic planning process. It was especially helpful due towards the public/nonprofit focus.

A Real Guide For Public Organizations
I have read this invaluable book to better understand the strategic planning process in public and nonprofit sector organizations and I can say proudly that I reached my objective. I think that the most important aspect of this book is that it distinguishes the planning process in public sector organizations from that in the private sector organizations very clearly. The basic concepts in planning process such as Mission, Vision, Objectives, Resources were explained correctly. If you think that a great majority of books in the field of strategic planning are very abstract and confusing, you must read this. I strongly reccommend.

Still the best book on strategic planning for nonprofits!!!
Strategic planning for nonprofits is my area of interest and this book is the best ever written guide for practitioners, consultants, and researchers interested in the process and implementation of strategic planning in nonprofit (and public organizations). Dr. Bryson's wealth of knowledge and experience are in clear abundance for readers of this treasure. ... Read more

Book Description

Fundraisers, here are the tricks that get the cash! Fundraising For Dummies is the complete, fun-to-read guide to the art and science of raising money for nonprofit endeavors, from Little League to big foundations. Fundraising For Dummies helps you to

• Find the secrets of writing grants that get the green
• Conduct effective grassroots campaigns, phone and mail solicitations, events, and more
• Discover tips on starting a nonprofit organization from scratch
• Put the fun" in fundraising

Reviews (6)

Basic strategy, thorough and complete
This book is another fine work by the folks at "For Dummies" - It is a great, basic strategy guide to fundraising. Beginners will find this book useful in all aspects of thier fundraising start-up and operation. It includes great tips on organizing your operation and making it grow.

When I wrote "25 Fundraising Secrets - Raise More Money, Guaranteed," I intended it to be a compilation of strategic stips and "secrets" to fundraising for political campaigns, charities and non-profits. "Fundraising for Dummies" provides an excelent companion to my book by giving you step-by step fundraising instructions to get you started, before you move into the secrets that help you expand and succeed.

There are better books
I have been in fundraising for years and am always looking for additional resources. While the "Dummies" series are good generally, fundraising is too important to be treated superficially.

Good book, but watch the legal & tax advice!
In case you've been trapped on a desert island for the past several years, IDG books has been publishing "Dummies"-themed books on every subject under the sun and moon, from Windows 2000 to sex. Fundraising for Dummies is a typically informative, easy-to-read, and useful guide to fundraising for nonprofit organizations.

With 28 chapters in five parts and appendices of checklists and how-tos, the book has loads of information for novice and intermediate fundraisers alike. In fact, it's also a pretty good reference for board members and volunteers involved in fundraising activities.

There is a chapter devoted to predictions on the future of philanthropy in the U.S., with one-paragraph explanations of brief statements, such as "E-giving Will Grow." Most of these predictions are obvious to nonprofit-sector experts (and especially those of us who participate on CharityChannel!). However, I must admit to being intrigued by the idea that "Nonprofits Will Rule!", meaning that, as more for-profits become regional and national in scope, local nonprofits will assume increasing local community leadership influence.

As good as this volume is in its general approaches and many helpful tips and techniques, do not mistake this book for a thorough treatment of the subject or any of its components. I was alarmed by its breezy assertion that nonprofit board service

"...is not as risky as serving on a for-profit board. Nonprofit board members are protected personally from liability in any legal action against their charitable organization..."

Haven't the authors heard of the IRS and Intermediate Sanctions? And, since nonprofit corporations are state-chartered (like their for-profit brethren), wouldn't liability vary from state to state, as well as depending on the facts and circumstances of each case? I would imagine that the D&O liability insurers would like to address this before the second printing!

One benefit of this book I found is one which I'm not sure is intentional. Grant writing is given short coverage in the appropriately-numbered Chapter 13 of the book, thereby providing two subtle reminders that grants are but a minor part of fundraising success.

Any reader interested in the subject will learn much from this book, as long as they don't take its accounting and legal advice too literally.

Table of Contents

Introduction

Part 1 -- Gearing Up to Raise Funds

Part 2 -- Getting to Know Your Donor

Part 3 -- Using Your Fundraising Tools

Part 4 -- On the (Fundraising) Campaign Trail

Part 5 -- The Part of Tens

Index

Fundraising for Dummies
I am just starting my first job as a fund development director, and this book is a terrific step-by-step reference. I've been reading lots of stuff, and this is the best. The authors know fundraising on both sides--as fund raisers and funders. The book is readable,interesting and full of specifics, "case studies," and references (with helpful contact information--addresses, etc.). I would think even "old hands" in fundraising would learn a thing or two.I highly recommend it.

Not Just For Dummies
I have been in the fundraising world for several years, and found this book to very insightful - and helpful. I recommend it for board and staff members of non profits. The layout is great for referencing. I have already used the book in some very practical ways, getting rid of some old habits.

A great gift to new board memebers, and a desk reference for the professional. ... Read more

Book Description

Provides clarity, strategy, and utility to the financial management and asset management of social sector organizations.
--Frances Hesselbein, chairman of the Board of Governors of the Peter F. Drucker Foundation for Nonprofit Management

This nuts-and-bolts workbook guides nonprofit executives and boards through the budget cycle, offering practical instruction on completing each step of the process.This one-source budgeting tool kit is specifically designed to give nonprofits everything they need to prepare, approve, and implement their own budgets.It is a start-to-finish guide that is comprehensive and easy to use.It provides smaller nonprofit budgeters and non-financial nonprofit managers with a simple, systematic method to create, maintain, and track their budgets.Examples, to-do lists, worksheets, schedules, and other hands-on tools help readers get down to work.Murray Dropkin draws on years of experience in working with nonprofit financial management to make this workbook an essential tool for anyone involved in financial management within a nonprofit organization.

... Read more

Reviews (2)

Budgeting Made Easy
This book is a must have for not-for-profit organizations wishing to improve their budgeting process. This book encourages a botttom up budget building process involving those people intimately familiar with each department. In easy to understand language Dropkin and LaTouche walk you through each step of the budgeting process from planning to monitoring. Helpful sample forms and practical resources are included. The Budget Building Book for Nonprofits takes the fear out of budgeting.

A practical "how to" guide for middle management
This book steps you through the terminology and methodology of preparing and using budgets in the special case of the Nonprofit organization. It is particularly useful for middle (program) managers - how to deal with the Board of Directors, and so on. The book could use a few more computational examples, but it has excellent worksheets and checklists to simplify the task and keep you on track. It says what it has to say very concisely, which helps you to focus on the tips and pointers. It is really like an annotated workbook, complete with a sample budget. If you have to do this stuff, this book is invaluable. ... Read more

Book Description

One of the few books that addresses financial and managerial accountingwithin the three major areas of the public sector—government, health,and not-for-profit—the Second Edition provides the fundamentals offinancial management for those pursuing careers within these fields. KEYTOPICS: With a unique presentation that explains the rules specific tothe public sector, this book outlines the framework for readers to accessand apply financial information more effectively. Employing an engaging anduser-friendly approach, this book clearly defines essential vocabulary,concepts, methods, and basic tools of financial management and financialanalysis that are imperative to achieving success in the field. This book is intended for financial managers and generalmanagers who are required to obtain, understand, and use accountinginformation to improve the financial results of their organizations,specifically within the areas of government or public policy and management,not-for-profit management, and health policy and management. ... Read more

Book Description

From a leading expert on nonprofit marketing, the only marketing handbook a nonprofit manager will ever need

No matter what type of nonprofit service you provide and regardless of the size of your organization, you need marketing strategies and techniques to maximize your effectiveness. The right marketing campaign can help you get the word out to those who need your services most, woo donors, and expand your influence in the community. And now, Successful Marketing Strategies for Nonprofit Organizations shows you how.

Nonprofit marketing guru Barry J. McLeish shares everything he's learned during more than two decades managing and consulting nonprofits of every shape and size. Skipping all the arcane theory and the business school jargon, he gives you clear, step-by-step advice and guidance and all the tools you need to develop and implement a sophisticated marketing program tailored to your organization's needs and goals. With the help of dozens of anecdotes and real-life case studies, he shows you:

• Techniques for analyzing your market and developing a comprehensive marketing plan
• Marketing strategies that will support fund-raising, promote new services, and enhance your organization's reputation and visibility
• Methods for developing a marketing program that reaches both the consumers of your service and the donors who support your organization
• Examples of how nonprofits across North America have used the strategies described in this book to grow bigger and better than ever

Are you about to launch a new marketing program? Do you need to breathe new life into your existing marketing department? In either case, Successful Marketing Strategies for Nonprofit Organizations gives you the tools, the know-how, and the confidence you need to succeed. ... Read more

Reviews (1)

Not For Everyday Reading, But Your Bookshelf Better Have One
As part of my enriching my knowledge of managing non-profits, I have just finished this book. Not a very exciting read from the entertainment standpoint, but the content, there's the rub. There is so much to absorb from this book, it's exciting to be exposed to all the information. Thus, the need to keep reading it (and the 5 stars).

There will. be no hints to the specific content of this book, you'll get to be surprised when you read it. Contained in this book though are a variety of Marketing Strategies for the non-profit department manager. The Chief Executive should also read this book and be enlightened to the challenges that face a Marketing Department. There are many lessons for all non-profit managers here, and the fact that everyone needs to be a Marketer may be the most important.

The writing style is short, but direct. No florid language, but smooth direction with vital information in each and every paragraph. there are many examples of charts and study questions, facts and figures. It's not the ultimate how-to book on how to run a marketing campaign, but damn near. The materials are thought provoking and clear, challenging and easy to comprehend. When I finished, I felt like I had learnt a lot, and I'm ready to go out a prove it!!

If marketing is somehow in your future, then make this book a #1 of #2 (with the Kotler book) purchase. Read and absorb, or refer to occasionally. Just remember, you better have had exposure to it, because your competitor might have. ... Read more