Investing for Charities
James Brooke Turner’s book for the Directory of Social Change “cuts through the investment industry’s mystique and jargon to show you how you can set an investment policy and think clearly about your financial goals and measures of success”.
The book, available in printed and digital versions, covers:
- Financial objectives and goals
- The investment market
- Spending and reserves policies
- Strategy and responsible investing
- The law and governance
- Investment practice
- Performance management
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 or a step-by-step how to invest book. Instead it is based on sound general investment principles and will help ensure you make sound and well-informed investment decisions.
Reviews
“I’ve loved listening to James speak on investments at Charity Finance Group events for many years. His written words are equally engaging and don’t disappoint. Jam-packed with useful stuff, and delivered in a style that is easy to follow and makes sense, this is a great resource on charity investing.”
– Caron Bradshaw, CEO, Charity Finance Group
‘This book provides an invaluable reminder that charities exist to spend money not to hoard it. The better we run our investment portfolios, the more we will be able to spend. James provides a comprehensive framework in practical language for improving the way charities with investment portfolios can maximise their impact.’
– Sarah Fromson, Chair of the Cambridge University Endowment Fund Investment Advisory Board
