Financing Nonprofit Organizations
The financial issues of nonprofit organizations (NPOs) have increased their importance in recent years, especially after the last global economic downturn. In this way, NPOs have been threatened by a reduction of income, while their work and expenses have not decreased. In this book, the editors bring together several topics that the academic literature has previously addressed, connecting them to each other and evaluating how all these issues are interrelated. Financing Nonprofit Organizations analyzes the state of art of all these financial topics and the consequences of the last economic crisis. It dives into the interrelations of these concepts to suggest lines of future research and to reflect on the future of the different sources of funding of the NPOs. It will be of interest to students, practitioners, and researchers interested in initiating and updating their knowledge in the growing field of the financial aspects of NPOs.
Inigo Garcia-Rodriguez is Assistant Professor of Finance at the University of Burgos, Spain.
M. Elena Romero-Merino is Associate Professor of Finance at the University of Burgos, Spain.
Routledge Studies in the Management of Voluntary and Non-Profit Organizations
Series Editor: Stephen P. Osborne
University of Edinburgh, UK
Voluntary and non-profit organizations are playing an increasingly significant role, worldwide, in the provision and management of public services. Drawing together significant and ground breaking research, this series will be essential reading for students of public policy and management as well as the thinking manager. Topics covered include the management of innovation and change, financial management, performance evaluation and management and organizational development and project management.
Financing Nonprofit Organizations
Inigo Garcia-Rodriguez and M. Elena Romero-Merino
Also available from Routledge:
Financial Management in the Voluntary Sector
New Challenges
Paul Palmer and Adrian Randall
Strategic Management for Nonprofit Organizations
Roger Courtney
Regulating Charities: The Inside Story
Edited by Myles McGregor-Lowndes and Bob Wyatt
Philanthropy in Practice
Pragmatism and the Impact of Philanthropic Action
Ekkehard Thmler
Transfromational Leadership and Not for Profits and Social Enterprises
Edited by Ken Wiltshire, Asatha Malhorta, and Micheal Axelsen
For more information about this series, please visit: www.routledge.com
Financing Nonprofit Organizations
Edited by Inigo Garcia-Rodriguez and M. Elena Romero-Merino
First published 2020
by Routledge
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and by Routledge
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Routledge is an imprint of the Taylor & Francis Group, an informa business
2020 Taylor & Francis
The right of Inigo Garcia-Rodriguez and M. Elena Romero-Merino to be identified as the authors of the editorial material, and of the authors for their individual chapters, has been asserted in accordance with sections 77 and 78 of the Copyright, Designs and Patents Act 1988.
All rights reserved. No part of this book may be reprinted or reproduced or utilised in any form or by any electronic, mechanical, or other means, now known or hereafter invented, including photocopying and recording, or in any information storage or retrieval system, without permission in writing from the publishers.
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Library of Congress Cataloging-in-Publication Data
Names: Garcia-Rodriguez, Inigo, 1987 editor. | Romero-Merino, M. Elena, 1978 editor.
Title: Financing nonprofit organizations / edited by Inigo Garcia-Rodriguez and M. Elena Romero-Merino.
Description: New York, NY : Routledge, 2020. | Series: Routledge studies in the management of voluntary and non-profit organizations | Includes bibliographical references and index.
Identifiers: LCCN 2019049342 | ISBN 9780367211042 (hbk) | ISBN 9780429265419 (ebk)
Subjects: LCSH: Nonprofit organizationsFinance. | Nonprofit organizationsManagement.
Classification: LCC HG4027.65 .F544 2020 | DDC 658.15/224dc23
LC record available at https://lccn.loc.gov/2019049342
ISBN: 978-0-367-21104-2 (hbk)
ISBN: 978-0-429-26541-9 (ebk)
Typeset in Sabon
by Apex CoVantage, LLC
Contents
Inigo Garcia-Rodriguez and M. Elena Romero-Merino
PART I
Determinants of Public and Private Income
Ignacio Bretos, Milln Daz-Foncea, and Carmen Marcuello
Vctor Martn-Prez and Natalia Martn-Cruz
Marc Jegers
Mara del Mar Glvez-Rodrguez, Manuel Lpez-Godoy, and Mara del Carmen Caba-Prez
Esther de Quevedo-Puente and Clara Prez-Cornejo
Arjen de Wit, Ren Bekkers, and Pamala Wiepking
PART II
Revenues, Funding, and Financial Health
Grace L. Chikoto-Schultz and Narttana Sakolvittayanon
Thad D. Calabrese and Todd L. Ely
John Zietlow
Marcus Lam, Elizabeth Searing, Christopher Prentice, and Nathan Grasse
PART III
New Ways of Financing and an Approach to the Business Practices
Gabriela Vacekov, Mria Murray Svidroov, Michal Plaek, and Juraj Nemec
Dita Hommerov
Guide
The editors would like to thank all the generous contributors to this book. We are honored that so many of our colleagues agreed to collaborate altruistically with this project despite their many professional commitments. We would also like to thank the support provided by the Routledge editorial team. A special mention to Brianna Ascher and Mary Del Plato for guiding us in this novel experience and to David Varley for giving us the opportunity to think about this book. Additionally, we would like to acknowledge the support provided by our institution, the University of Burgos, the academic support always provided by Prof. Pablo de Andrs, and the financial support obtained from the Spanish Ministry of Economy and Competitiveness (Project ECO2017-85356-P). Finally, we are personally grateful to our respective families for their patience and comprehension throughout all time we have spent ensuring this draft becomes reality.
The editors apologize for any errors or omissions that may appear anywhere in the text.
Ignacio Bretos, Milln Daz-Foncea, and Carmen Marcuello thank the Government of Aragon and the ERDF 2014-2020 project Building Europe from Aragon for the support received, which has allowed this chapter to be prepared.
Vctor Martn-Prez, Natalia Martn-Cruz, Esther de Quevedo-Puente, and Clara Prez-Cornejo want to acknowledge the financial support of the project ECO2016-78128-P, funded by MINECO.
John Zietlow gratefully acknowledges library research assistance for his chapter provided by Donna Young and Austin Pelate at Southwest Baptist University.
Marcus Lam, Elizabeth Searing, Christopher Prentice, and Nathan Grasse would like to thank Sarah Macartney for line-editing and Phillip Tran for exceptional research assistance.
Gabriela Vacekov, Mria Murray Svidroov, Michal Plaek, and Juraj Nemec thank received funding from the Czech Grant Agency (GA19-06020S).
Dita Hommerov thanks funding from scientific project no. TL02000055, Effective marketing as a tool of the competitiveness and sustainable development of non-profit organizations providing social services (Technology Agency of the Czech Republic, Eta programme).