Nonprofit Finance

In 'Nonprofit Finance: A Synthetic Review' Thad D. Calabrese reviews the current state of research on nonprofit finance. The book comprehensively addresses core finance topics with a focus on those issues that differentiate nonprofit finance from traditional finance. Topics include the financial goals of nonprofits, sources and uses of funds, reserves and working capital, and debt and borrowing. The text also addresses recent innovations in nonprofit finance such as crowdsourcing donations, social impactbonds, flexible low yield paper, and donor-advised funds, as well as innovations in corporate forms. Throughout the text, gaps in our current knowledge are highlighted and avenues for future research are suggested. As such, 'Nonprofit Finance: A Synthetic Review' is relevant for researchers and practitioners alike.