Finances of NGOs

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For the development of civil society in emerging and transition economies

Aims and scope: 

A developed civil society contributes not only to the establishment of democracy, but also to the development of the social and economic functions of the state. Civil society institutions create a significant share of GDP, are innovative, create a significant number of paid jobs, and participate in the budgetary process of the developed economies of the world. The success of civil society institutions depends on their efficient accumulation and use of financial resources, as well as the quality of their financial management.

Finances are essential for civil society, and have the power to either stimulate or restrain its development. Therefore, today we need an organization of the finances of civil society institutions that is modern and adequate in the context of a developing market economy. This requires training specialists with profound theoretical and practical knowledge of both civil society and its financial management, who are able to generalize the experience of developed economies to effectively and efficiently plan and manage the finances of non-governmental organizations. This requires understanding the peculiarities of the transitional period of the development of civil society and the legal framework in which non-profit organizations operate in emerging and transition economies.

This course will be useful not only for students majoring in finance and economics, but also for students of other fields, graduates, practitioners, and the general public.

One weekly 1h meetings for the semester and practical assignments will allow you to cover the main topics of the course and be ready to create and manage the finances of your own NGO. Practical assignments will cover all the materials and will acquaint you with all the issues related to the financial management of NGOs. After completing all the course requirements you will receive a certificate.
1. Intoduction to NGOs, principles and functions, Statute of NGO. 2. Finances of NGOs, their place in financial system of the State. 3. NGOs incomes. 4. NGOs expenditures. 5. Social responsibility of NGOs. 6. Public-private partnerships (PPP). 7. Crowdfunding. 8. Percentage philanthropy.
Indicative reading: 
Weikart, L. A., Chen, G. G., & Sermier, E. (2012). Budgeting and financial management for nonprofit organizations. CQ Press. Cammak, J. (2014). Building Financial Management Capacity for NGOS and Community Organizations: A Practical Guide. Practical Action. 196 p. Lewis, T. (2009). Practical Financial Management for NGOs - Getting the basics right. Course Handbook. Mango. Lewis, T. (2012). Financial Management Essentials A Handbook for NGOs. Mango.
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