IDEAS
Next Available Course:
Spring 2009
Spring 2009
The Wharton School, University of Pennsylvania
Philadelphia, PA
Philadelphia, PA
Click here to download a brochure of the program
Cost of the program is $4,950 for IMCA members and $5,450 for nonmembers.
Program Overview:
This five-day program held on the campus of The Wharton School, University of Pennsylvania, has been designed to enhance your level of knowledge about the distinct needs of clients in the nonprofit sector.
A two-month pre-study program will provide you with the qualitative and quantitative background necessary to better understand the drivers of nonprofit strategy that will be presented throughout the curriculum. Topics will be presented in a combination of formats including interactive discussion, case study and guest speakers. Final group case study presentations to actual nonprofit clients provide the opportunity to translate theory into practical tools that can be taken back and immediately incorporated within one’s own practice.
A two-month pre-study program will provide you with the qualitative and quantitative background necessary to better understand the drivers of nonprofit strategy that will be presented throughout the curriculum. Topics will be presented in a combination of formats including interactive discussion, case study and guest speakers. Final group case study presentations to actual nonprofit clients provide the opportunity to translate theory into practical tools that can be taken back and immediately incorporated within one’s own practice.
Program Objectives:
- Learn how to source clients in the nonprofit sector and obtain information on their organizations
- Understand how to analyze various types of endowments and nonprofit organizations
- Recognize the challenges faced by nonprofits and identify how to distinguish your practice by adding value in multiple ways
- Gain in-depth knowledge of key asset allocation and investment policy strategies particularly relevant for endowments and foundations, including the emergent “endowment model”
- Understand the various types of organizational forms and laws under which they operate
- Learn how to identify and work with key players in the nonprofit organization
Topic Highlights:
Understanding Philanthropy and Nonprofit Administration
- Learn how to assess the strength of a nonprofit organization
- Understand the distinctive roles, responsibilities, and fiduciary obligations of the board of directors
- Overview of the nature, function, and scope of the nonprofit sector
Regulatory Environment and Philanthropic Structures
- Distinctions between public charities and different types of foundations
- Donor advised funds
- Spending rate rules
- Asset holdings and limitations, distribution requirements, contribution limitations
Asset Allocation
- Strategic vs. active management – opportunities and costs
- The endowment model
- Utilizing international and alternative-investments diversification (i.e., absolute return, hedge funds, fund of funds, real estate, etc.)
- Rebalancing over long time horizons
- Empirical evidence on endowment asset allocation and diversification: what has worked and what has not and why
Nonprofit Marketing Strategies and Influence and Decision Making
- Understand the nonprofit client base
- Learn how to identify a niche and properly segment the nonprofit market
- Understand the dynamics of group decision making and how it differs from the individual client
Fundraising
- Understand the roles of the nonprofit organization’s board, advisory committees, staff, volunteers, and consultants in resource development
- Define principle components of fundraising, selecting the appropriate fundraising strategies, and selecting the most appropriate model for fundraising campaigns based on the needs of the organizations
Governance
- Forms and structures of governance
- Roles and responsibilities of the board of directors
- Developing and managing a board
- Relationship between the CEO and board president
IPS and Spending Policy
- Current best practices for the fiduciary process of managing institutional funds
- A focus on investment policy and the dynamics of managing institutional funds through policy
- Risk management and the usage of Modern Portfolio Theory (MPT) and its application in managing institutional funds
Socially Responsible Investing
- Define socially responsible investing
- Understand the difference between positive and negative screens
- Understand the context of the SRI debate and why so many institutions have SRI guidelines
- Identify and use sources of SRI information and learn how to build a portfolio consistent with the principles of SRI
Prerequisites:
The Endowments and Foundations Certificate Program is open to CIMA® and CIMC® designees, CFP® certificants, and CFA® charter holders in good standing. Persons with similar backgrounds may wish to contact IMCA for more information on certificate qualifications.
Continuing Education:
This program is approved for 40 hours of IMCA CE credit including 2 ethics hours and 22 CFP continuing education credits.
The Endowments and Foundations Certificate Program is open to CIMA® and CIMC® designees, CFP® certificants, and CFA® charter holders in good standing. Persons with similar backgrounds may wish to contact IMCA for more information on certificate qualifications.
Continuing Education:
This program is approved for 40 hours of IMCA CE credit including 2 ethics hours and 22 CFP continuing education credits.
IMCA is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be addressed to the National Registry of CPE Sponsors, 150 Fourth Avenue North, Suite 700, Nashville, TN, 37219-2417. Web site: www.nasba.org. The recommended CPE for the Endowments and Foundations Certificate Program is 22 credits. For more information on NASBA standards, click here.
Please note that this is a certificate program and successful completion does not result in a designation.
For more information about the IMCA Endowments and Foundations Certificate Program, please contact IMCA at 303.770.3377.
For more information about the IMCA Endowments and Foundations Certificate Program, please contact IMCA at 303.770.3377.
