To better fulfill their fiduciary duties, boards of trustees and their finance committees often need education around the financial model and related drivers of K-12 nonprofit independent schools. This short book outlines key concepts, strategic considerations and questions for school administration. It also addresses how the business officer, head of school and other administrators can work effectively with the board on financial matters, respond to trustee needs and communicate concisely to drive sound decision-making and consequential actions.
Download a partial chapter
With generous support from IMA
| Member | Nonmember | |
|---|---|---|
Print + eBook | $95 | $145 |
Bulk orders of 5 or more print copies will be discounted 25%. With bulk print orders, the person ordering will receive 1 eBook log-in. So for example, if a school orders 10 print copies, they will receive 10 print books and 1 eBook log-in.
Free shipping for the printed book within the contiguous U.S. (FedEx ground). Alaska, Hawaii and international mailings are priced separately. Where required by law, sales tax will be assessed unless buyer provides proof of tax-exempt status.
"'Effective Financial Governance for Independent School Trustees' is the best thinking that I've seen compiled in one work that explains best practices for creating a sustainable financial model as well as harmonious and effective work between the school's administrative leadership and the board."
John Gulla
Executive Director, Edward E. Ford Foundation
"'Effective Financial Governance' is the definitive resource for independent school trustees, heads of school, and business officers who need to understand the nuances and complexities of independent school finance. It is also designed for anyone seeking to challenge their current assumptions, enhance their financial toolbox or redesign their financial reports. This guide delves beyond stewardship and fiduciary duties. The authors' key questions and fundamental information prompt new thinking on familiar issues. The innovative suggestions dispersed throughout this guide can be used as a starting point and provide a common language to teams when discussing sensitive issues. This is the must-have item for all in this ever-changing and evolving market."
Linda P. M. Dennison
Director of Finance and Comptroller, Phillips Academy
A research report analyzing trends across 18 key financial and operational indicators over five years. Use this report to benchmark performance, stress-test assumptions and make informed decisions, as external forces continue to challenge long-term financial sustainability.
