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Summary

Nonprofits often struggle financially, overwhelmed by the need to muster a complex combination of income streams that range from grants and government funding to gifts-in-kind and volunteer labor. Financing Nonprofits draws upon a growing body of scholarship on the economics and organizational theory of nonprofit organizations to offer a set of practically applicable principles that can guide nonprofits towards firmer financial ground. Organized under the auspices of the National Center on Nonprofit Enterprise, Financing Nonprofits is both an invaluable resource to nonprofit leaders and an ideal classroom resource for students of nonprofit finance.

Table of Contents

List of Tables ix
List of Figures xi
List of Boxes xiii
Foreword xv
Preface xxi
I Introduction
1 Why Study Nonprofit Finance?
3(20)
Dennis R. Young
II Sources of Support for Operations
2 Individual Giving
23(22)
Patrick Rooney
3 Institutional Philanthropy
45(24)
Joseph Cordes and Richard Sansing
4 Government Funding of Nonprofit Organizations
69(24)
Michael Rushton and Arthur C. Brooks
5 Fee Income and Commercial Ventures
93(28)
Estelle James and Dennis R. Young
6 Membership Income
121(36)
Richard Steinberg
7 Investment Income
157(26)
Woods Bowman, Elizabeth Keating, and Mark A. Hager
8 Volunteer Resources
183(24)
Anne E. Preston
III Sources of Capital
9 Collaboration and Barter
207(20)
Renee A. Irvin
10 Gifts-in-Kind and Other Illiquid Assets
227(16)
Charles M. Gray
11 Borrowing and Debt
243(28)
Robert J. Yetman
IV Income and Asset Portfolios, and Financial Health
12 Managing Endowment and Other Assets
271(20)
Woods Bowman
13 Income Portfolios
291(24)
Kevin Kearns
14 Financial Health
315(24)
Janet S. Greenlee and Howard Tuckman
V Synthesis
15 Toward a Normative Theory of Nonprofit Finance
339(34)
Dennis R. Young
References 373(26)
Index 399(28)
About the Contributors 427

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