Are You Responsible for an Organization’s Investments?

Fiduciary Stewardship for Nonprofit Boards and Financial Committees

Last week, in cooperation with the Community Foundation of Greater Fort Wayne and Jeanine M. Herold* CFP®, AIF®, Investment Adviser Representative, Phillips Financial, we hosted a program on Fiduciary Stewardship.

The program covered the responsibilities, roles and best practices of fiduciary stewards and for those not able to attend, the resources and materials for further study are listed here:

Prudent Practices for Investment Stewards
by Fiduciary360
332.6 P95, 2008
Foundation Collection (Reference) and Business and Technology (Circulating)

Who’s Minding the Money? An Investment Guide for Nonprofit Board Members, 2nd. Ed.
by Fry, Robert P.
361.70681 F94M, 2009
Foundation Collection (Reference) and Readers’ Services (Circulating)

From the most renowned publisher on Boards, BoardSource offers readers a dense, but quick read with Action questions and Practical Observations in each chapter. Chapter 3 covers the Legal Environment. Includes a CD-Rom with the following:

  • Appendix I. Sample Investment Policies
  • Appendix II. Alternative Investment Due Diligence Guidelines
  • Appendix III. Sample Spending Policy
  • Appendix IV. UPMIFA — Uniform Prudent Management of Institutional Funds Act
  • Appendix V. Self-Guided Investment Audit

The Best of Board Café: Hands on Solutions for Nonprofit Boards
by Jan Masaoka
658.422 M37B, 2009
Foundation Collection (Reference) and Business and Technology (Circulating)

Masaoka gives readers practical, simple suggestions. Chapter ten is devoted to “Boards and Finance, featuring:

  • A Board-Staff Contract for Financial Accountability
  • The Board and the Budget: Beauty and the Beast?
  • Cash and Investment Management
  • Loans from Board Members
  • Six Things Every Board Member Should Know about Form 990
  • A Board Member’s Guide to Nonprofit Insurance

The Practical Guide to Managing Nonprofit Assets
by Schneider, William A.
658.1522 SCH5P 2005
Foundation Collection (Reference) and Business and Technology (Circulating)

Related Materials

Panel on the Nonprofit Sector: Strengthening Transparency, Governance, Accountability of Charitable Organizations
Convened by Independent Sector
Pamphlet, Foundation Collection (Reference)

Sarbanes-Oxley for Nonprofit Boards: A New Governance Paradigm
by Jackson, Peggy M.
657.98 J13S
Foundation Collection (Reference)

Streetsmart Financial Basics for Nonprofit Managers
by McLaughlin, Thomas A.
658.15 M22S, 2009
Foundation Collection (Reference) and Business and Technology (Circulating)

Model Policies and Procedures for Not-for-Profit Organizations
by McMillan, Edward J.
361.70681 M22M, 2003
Foundation Collection (Reference) and Readers’ Services (Circulating)

Preventing Fraud in Nonprofit Organizations
by McMillan, Edward J.
658.473 M22P
Foundation Collection (Reference) and Business and Technology (Circulating)

Not-for-Profit Audit Committee Best Practices
by Ruppel, Warren
657.45 R87N
Foundation Collection (Reference)

Fraud and Abuse in Nonprofit Organizations: A Guide to Prevention and Detection
by Zack, Gerard M.
658.473 Z1F
Foundation Collection (Reference) and Business and Technology (Circulating)

Let us know if we can help track down financial policies to put in place!

– Lettie

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