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Product ID: 400697EAU
 
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Navigating the Complexities of the Charitable Endowments

OnDemand Webinar (89 minutes)

Learn about the latest issues impacting charitable endowments from creation to administration. Charitable endowments present complex and challenging issues. Legal, accounting, tax and investment management considerations must be understood in order to successfully manage an endowment. Review the history and development of the law of charitable endowments. Endowment will be defined from both legal and accounting standpoints. Relevant accounting guidelines will be shared. How an endowment is created will be explained, including dealing with restrictions over time. Finally, key investment and spending policies for endowments will be explored with recommendations for implementation. This information will be critical for staff and advisors who are involved with the creation, oversight and administration of charitable endowments.

Authors

Philip M. Purcell, Esq, Ball State University Foundation

Agenda

History of Endowments

  • Trusts
  • Modern Portfolio Theory
  • Uniform Management of Institutional Funds Act (UMIFA)
  • Underwater Endowments
  • Uniform Prudent Management of Institutional Funds Act (UPMIFA)

Definition of Endowments

  • UPMIFA
  • Financial Accounting Standards Board (FASB)
  • IRS 990

Accounting Issues

  • FASB 117-1
  • FASB 124
  • FASB 136

Creation and Administration of Endowments

  • Creation of Agreements
  • Rules of Construction
  • Restrictions on Endowments
  • Investment Policies for Endowments
  • Spending Policies for Endowments

Additional Formats

Audio & Reference ManualMore Info