Second edition

Since the first edition of this handbook was published in 2015, the investing landscape for non-profit organizations has continued to evolve. Accordingly, we’ve updated this second edition to address the decisions facing non-profit fiduciaries, including:

  • Whether to exist in perpetuity or not
  • Spending rates, risk tolerance, liquidity needs, and strategic asset allocation
  • Ways to enhance returns without taking on additional risk
  • Outsource chief investment officer (CIO) providers to supplement the expertise within their organizations
This version streamlines and updates the existing material, adds some new topics, and provides fiduciaries with clear guidance on the strategic decisions they are responsible for and how to best work with an outsourced CIO provider to pursue their goals. We hope this revised edition helps you continue the exceptional work you’re doing in your communities around the globe.