Description
Acquire valuable insights and best practices for managing endowment funds and ensuring compliance with donor wishes and legal standards.Endowments are longterm funds that provide a stable source of income for nonprofit and educational organizations and are subject to donor restrictions and legal regulations. Endowment accounting and requirements are important for those organizations that have endowments, and there are aspects that are not well understood in this area. During this course, participants will learn about the different types of endowments and how they are affected by the Uniform Prudent Management of Institutional Funds Act (UPMIFA). Participants will also learn about the accounting requirements for endowments, including how to handle underwater endowments and how to report them in financial statements. Additionally, participants will learn how to develop and implement a spending policy that aligns with their organization’s mission and goals. By attending this course, participants will acquire valuable insights and best practices for managing their endowment funds and ensuring compliance with donor wishes and legal standards.
Date: 2024-09-12 Start Time: End Time:
Learning Objectives