Book Description

Review 'Linking Mission to Money is the book we have been waiting for.? It takes nonprofit finance and lays it out in a way that is smart, strategic, and straightforward.? No one should serve on a nonprofit board without it.'Mary McCormick, President, Fund for the City of New York'Allen Proctor has provided the new and experienced board member with a treasure trove of insights on overseeing the financial processes of non profit institutions. A must read for anyone interested in improving governance in the not for profit sector!'Leonard Schlesinger, President, Babson College'...the best resource for board members I've read in a long time.? Principled, informed, mission-focused governance is well served by this indispensable handbook for social sector, nonprofit boards.? Thank you, Allen Proctor.' Frances Hesselbein, Chairman, Leader to Leader Institute (formerly known as the Peter F. Drucker Foundation)'Proctor's demystifying book is important, and he argues powerfully that while budgets, projections, and fiscal prudence are essential, we must never forget the higher aspirations of our institutions.' ?Professor Jeremy Knowles, Harvard University, Dean Emeritus, Faculty of Arts and Sciences Read more From the Author Since the 2004 publication of the first edition I have been grateful for the positive response to the book and the numerous helpful comments and suggestions from readers and attendees at my seminars.? Inspired by this response, I have corrected errors, introduced improved explanations and illustrations, added introductions and key questions to each section, and updated material for events and issues that have occurred over the past six years.? I also wanted the second edition to be of value to nonfinancial readers as well as leaders of nonprofits who may not serve on a board.? The second edition retains the goal of the original book:? to help nonprofit leaders to be successful by explaining finance as the core of a holistic approach to fulfilling their responsibilities.? This broad-based approach aids in linking money to mission, mission to action, and action to accomplishment.? It argues that finance is far more than a set of numbers; rather, it can serve as the primary tool to carry out the most important obligation:? to know what is going on.? The financial picture of a nonprofit can be painted in a way that is understandable to everyone who is responsible for the strategic direction of a nonprofit. Like any specialty, finance can either be made complex or be made understandable.? If it appears complex, the people responsible for the organization's finances--including board members--may not understand the situation well enough to make it understandable. ?The approach to finance described in these pages will help all nonprofit leaders to participate equally and fully in financial reviews and deliberations and fulfill their duty as fiduciaries. Read more See all Editorial Reviews