This course focuses on financial management in a wide variety of nonprofit organizations. Some of these are organizations that rely primarily on donor support through pledges, grants and endowments. Others rely on revenues generated through the provision of services. In the fall term, the course adds material on NGOs operating in the international arena. In the spring term, the course concentrates on U.S. nonprofits. The substantive issues for financial managers are similar in both semesters.
We will look at cash flow management, cost analysis and allocation, investment management, the analysis of new programmatic investments, and strategic financial analysis. Most of the readings and materials will be drawn from sources on the internet, or provided by visiting practitioners who will help us work through cases involving issues facing their organizations.