The Role of Nonprofit Endowments

Edited by Raymond Fisman and R. Glenn Hubbard

in The Governance of Not-for-Profit Organizations

Published by University of Chicago Press

Published in print August 2003 | ISBN: 9780226297859
Published online February 2013 | e-ISBN: 9780226297866 | DOI:
The Role of Nonprofit Endowments

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This chapter takes a preliminary step in analyzing empirically the role of the endowment in nonprofit organizations. It is organized as follows. Section 7.1 describes the process of endowment generation and donor behavior that governs nonprofit organizations. Section 7.2 discusses potential measures of governance in nonprofits. Section 7.3 provides details on the Internal Revenue Service data used to examine organizations' endowments. Section 7.4 presents the results on patterns of endowments and precautionary savings. Section 7.5 undertakes a preliminary investigation into the link between governance and endowment intensity; and Section 7.6 concludes.

Keywords: endowment; nonprofit organizations; donor behavior; governance; precautionary savings

Chapter.  6082 words. 

Subjects: Financial Markets

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