Full Description
Charity investment is a responsible
business - judging how much to spend and how much to keep for the future is
enough to keep you awake long into the night.
The first instinct of
charities is to keep its money safe, spend with circumspection and ensure there
is plenty in the coffers for a rainy day. A natural and vigilant approach but
one that author - James Brooke Turner, Investment Director at the Nuffield
Foundation - turns on its head.
In his innovative new
book, he challenges conventional charity investment practice. Being over-protective
of the capital, he argues, can thwart a charities spending plans and its
ultimate mission, whereas the more a charity spends the more it can make a
difference. Recognising the potential of investments and thinking
clearly about financial goals frees charities to do more of what they are there
for and that is to increase help to beneficiaries.
This is not a book
for investment technicians; it is not a step-by-step how to invest book (there
are plenty of those), but is based on sound general investment principles and
will help ensure you make sound and well-informed investment decisions.
It covers:
Financial objectives and goals
The investment market
Spending policies
Investment strategy
Reserves policy
The law and governance
Responsible investing
Investment in practice
Performance management
This
book is for anybody with
responsibility for handling a charity's investments including trustees, CEOs and
staff involved with their charity's financial strategy. No prior investing
knowledge is assumed. Whatever the size of your charity, if you already have
investments or are considering moving into this area, this book offers
straightforward, pragmatic principles that you can put to use.
Contents
Chapter One introduction
Part I Fundamentals
Chapter Two Financial objectives and goals
Chapter Three The investment market
Chapter Four Spending policies
Chapter Five Investment strategy
Chapter Six Reserves policy
Part II Context
Chapter Seven The law
Chapter Eight Governance
Chapter Nine Responsible investing
Part III
Chapter Ten Appointing a manager
Chapter Eleven Performance management
Chapter Twelve Conclusion
Appendix One Specimen investment policy statements
Appendix Two How to do total return accounting
