"Elegant, helpful, accessible, and most of all pragmatic."--Regina E. Herzlinger, Nancy McPherson Professor of Business Administration, Harvard Business School, Harvard University

"An indispensable resource for teachers and managers concerned with ensuring the effectiveness of nonprofit organizations.... Nonprofit organizations require professional knowledge and skill if they are to succeed in their missions. The new edition of this book is essential to that success."--Lawrence Lynn, Sydney Stein, Jr. Professor of Public Management, Irving B. Harris Graduate School of Public Policy Studies, University of Chicago

"Bryce effectively weaves legal and ethical considerations into his comprehensive treatment of nonprofit strategy and finance. A sound knowledge of the rules of the game is increasingly important for nonprofit leaders in making strategic choices."--Gregory Dees, Miriam and Peter Haas Centennial Professor in Public Service, Stanford Graduate School of Business, Stanford University

"A must read for practitioners--managers as well as directors--of nonprofit management, particularly those whose focus is on the money-strategy interface. It should also serve as a useful text for graduate courses in nonprofit management."--Raymond Horton, chair of the Management Division and director of the Public and Nonprofit Management Program, Graduate School of Business, Columbia University

Now in its third edition, the highly successful Financial and Strategic Management for Nonprofit Organizations provides an encyclopedic account of all the key financial, legal, and managerial issues facing nonprofit executives. Organized into twenty detailed chapters, this comprehensive reference provides a firm grounding in the five fundamental pillars of effective nonprofit management: Mission, Money, Marketing, Management, and Membership. It then shows managers and trustees how to strengthen operations in each of these vital areas ethically, legally, and efficiently.

Many of the popular models and forms that appeared in the previous editions have returned in this latest volume. Bryce explores such diverse topics as nonprofit law, financial planning, fundraising, compensation and benefits, strategic planning, risk management, and more. He also adds several new features. These include:

* An expanded section explaining all the technical and legal foundations of managing a nonprofit

* Timely advice on developing ethical procedures to protect the organization against fraud and incompetence

* New and practical discussions on tax-exempt status, American and Canadian law for associations, corporate contributions, trust management, audits, anti-trust issues, program evaluation, partnerships, business revenue, and more

Written for serious nonprofit executives in general management, human resources, finances, and fundraising--as well as for nonprofit professors--this enduring handbook offers practical ideas and suggestions for achieving legal and financial success seamlessly.

Provides a comprehensive reference to all types of nonprofits. Ethical codes and laws are stressed. Examines raising revenue, and strategies for soliciting, giving, and receiving other assets, and discusses controlling costs and risks, managing finances, and growing the organization. This third edition contains a new Part I, which lays out technical and legal fundamentals for forming and operating nonprofits. There is new discussion on reducing fraud and on factors that can cause loss of tax-exempt status. Designed as a reference for senior officials and trustees of nonprofit organizations, but can also be used in courses for MBA and law students. The author teaches business at the College of William and Mary.
Annotation c. Book News, Inc., Portland, OR (booknews.com)

— Christine Letts, director of the Hauser Center for Nonprofit Institutions, The John F. Kennedy School of Government, Harvard University

Praise for the Third Edition

"Financial and Strategic Management for Nonprofit Organizations is elegant, helpful, accessible, and most of all pragmatic."

—Regina E. Herzlinger, Nancy McPherson Professor of Business Administration, Harvard Business School, Harvard University

"Bryce's fine and comprehensive book has become an indispensable resource for teachers and managers concerned with ensuring the effectiveness of nonprofit organizations. No longer a domain for amateur idealists, nonprofit organizations require professional knowledge and skill if they are to succeed in their missions. The new edition of this book is essential to that success."

—Lawrence Lynn, Sydney Stein, Jr. Professor of Public Management, Irving B. Harris Graduate School of Public Policy Studies, University of Chicago

"Bryce effectively weaves legal and ethical considerations into his comprehensive treatment of nonprofit strategy and finance. A sound knowledge of the rules of the game is increasingly important for nonprofit leaders in making strategic choices."

—Gregory Dees, Miriam and Peter Haas Centennial Professor in Public Service, Stanford Graduate School of Business, Stanford University

"Bryce's third edition is a must read for practitioners—managers as well as directors—of nonprofit management, particularly those whose focus is on the money-strategy interface. It should also serve as a useful text for graduate courses in nonprofit management."

—Raymond Horton, chair of the Management Division and director of the Public and Nonprofit Management Program, Graduate School of Business, Columbia University

"Nonprofit leaders need to respond to the increasing calls from the public for accountability, and Herrington Bryce provides the essential legal and financial elements of that responsibility. This is a must for the bookshelf."

—Christine Letts, director of the Hauser Center for Nonprofit Institutions, The John F. Kennedy School of Government, Harvard University

Written for serious nonprofit executives in general management, human resources, finances, and fundraising--as well as for nonprofit professors--this enduring handbook offers practical ideas and suggestions for achieving legal and financial success seamlessly.

HERRINGTON J. BRYCE is Life of Virginia Professor of Business at the College of William and Mary in Williamsburg, Virginia.

List of Tables, Figures, and Exhibits.

List of Sidebars.

Preface.

Acknowledgements.

The Author.

TYPES OF ORGANIZATIONS AND THEIR OPERATING RULES.

The Fundamental Pillars of Nonprofit Management.

Protecting the Tax-Exempt Status.

The Nonprofit as a Public Corporation.

Private Foundations.

Associations and Other Forms of Organizations.

Legal Responsibilities of and to Trustees.

FINANCING THE ORGANIZATION.

Increasing Gifts and Contributions.

Trusts, Wills, Annuities, Life Insurance, and Endowments.

Business Revenues and Tax-Exempt Status.

Organizational and Tax Consequences of Business Ventures.

Pitfalls in Marketing, Lobbying, and Solicitation.

CONTROLLING ORGANIZATIONAL COSTS AND RISKS.

The Budget as a Tool of Control and Contracting.

Compensation and Employee Benefits.

Managing Against Claims of Negligence and Harassment.

MANAGING THE ORGANIZATION'S FINANCES.

Financial Statements as Tools of Conversation and Control.

Evaluating, Setting, and Implementing Financial Goals.

STRATEGIC PLANNING FOR GROWTH AND SURVIVAL.

Strategic Planning as a Management Tool for Growth and Survival.

Searching for Strategic Opportunities and Alliances.

Reorganization: Mergers, Divestitures, Sale of Assets, Acquisitions, Conversions.