On September 17, 2010, New York State modified its laws governing the management and investment of charitable gifts by New York nonprofit institutions. Specifically, the NYS legislature adopted, subject to certain modifications, the Uniform Prudent Management of Institutional Funds Act. Importantly, officers should ensure that their Board is aware of all of the Act’s changes and that the relevant institutional policies, particularly investment policies, and practices are reviewed and revised accordingly.

Ellen H. Moskowitz
Ellen is a senior counsel in the Corporate Department and a member of the Health Care Group. She assists clients in the health care, life sciences, sports and non-profit industries.
Ellen advises on complex health care regulatory matters, health privacy and data security issues, and health-related labor and employment matters. Her work with social services and charitable organizations particularly focuses on corporate governance matters. Ellen’s clients are diverse, spanning hospital systems, physician groups and other health care providers and associations, health technology companies, social services and charitable organizations, professional sports leagues, pharmaceutical and medical device companies, private equity firms, health plans, health management companies, and tissue banks and organ procurement organizations.
Ellen is accredited by the International Association of Privacy Professionals as a certified information privacy professional in the U.S. private sector. She has written and lectured widely on health care law, policy and ethics.
Before joining Proskauer, Ellen was an associate for law with The Hastings Center, a private, nonpartisan education and research institute that examines ethical and policy issues in medicine, health and the environment. She also has served as associate counsel to the New York State Task Force on Life and the Law, a state law reform commission, where she helped to develop laws and regulations on care of the dying, organ transplantation and assisted reproduction.