Finance for Nonprofit Board Members
Linking Mission To Money
This
publication provides valuable financial tools and strategies for the nonprofit
board member. The book combines basic definitions with more sophisticated
strategies for board members of any financial background. All major aspects of a
nonprofit's financial life are addressed, including budget-building and
monitoring, monthly and yearly reports, audits, and endowments, as well as
strategies for sustaining the organization's mission in good and bad economic
times. 106 pages. $20* each
Linking Mission to Money was designed to
help volunteer board members positively impact an organization’s mission by
achieving financial goals. The 100-page
book, authored by Allen J. Proctor, was developed with support from Grange
Insurance and Huntington Bank.
The benefit and the liability of being a
board member lies with each member of the board,” Proctor commented. “This book is intended to help
volunteers satisfy their commitment by explaining finance as the core of a
holistic approach to fulfilling board responsibility
Proctor noted that the Sarbanes-Oxley
Act (2002) has refocused attention on the responsibility and accountability that
board membership brings. He said
that board members are fiduciaries, which means they have the legal
responsibility and personal liability to know what is going on at their
organization.
Written specifically for non-financial
experts, Linking Mission
to Money uses conversational style and short, digestible chapters. Topics range from planning and
priorities to sustaining mission through adversity
Click here to read Praise for Linking Mission To Money’!
Allen J. Proctor
advises chief executives and boards on financial management, strategic planning,
investment oversight, and organizational effectiveness. He previously served as chief financial
officer of Harvard University and Executive Director of the New York State
Financial Control Board. A nationally
recognized expert in finance and budgeting, he has taught at the Kennedy School
of Government at Harvard University and the Graduate School of Business at
Columbia
University.
Mr. Proctor earned his A.B. magna cum laude from
Harvard
University and his Ph.D. in economics from
the University of Wisconsin-Madison. He
and his family reside in Worthington, Ohio.
Click here to learn more from Allen about nonprofit management and Linking Mission to Money(TM)!