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How Nonprofit Organizations Manage Risk

  • Dennis R. Young
Chapter
Part of the AIEL Series in Labour Economics book series (AIEL)

Abstract

The purpose of this essay is to identify the kinds of decisions where nonprofit organizations need to manage their risks in a strategic fashion, to review what is known about how they approach these decisions, and to offer a conceptual framework that nonprofits can use to develop a more sophisticated and effective approach to their risk-management decisions. For various reasons, nonprofits have not taken a sufficiently robust view of risk management, A simple framework is presented to address the risk-related decisions of nonprofits in a strategic fashion, with a view to inspire fuller attention to risk management in the nonprofit academic literature and in professional forums.

Keywords

Decision Maker Risk Management Nonprofit Organization Risk Preference Risk Averse 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

Notes

Acknowledgments

The author would like to thank Lewis Faulk and Ron Chapman for their help in searching the literature for this paper, and Janet Johnson, David Sjoquist and Lewis Faulk for their helpful comments on the initial draft.

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Copyright information

© Physica-Verlag Heidelberg 2009

Authors and Affiliations

  • Dennis R. Young
    • 1
  1. 1.Nonprofit Studies Program, Andrew Young School of Policy StudiesGeorgia State UniversityAtlantaUSA

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