Not For Profit/Exempt Organizations Blog

Tag Archives: UMIFA

NY Endowment Funds: Fiduciary Obligations & The Prudence Standard

With the plethora of news articles about charitable endowment losses as a result of investments with Bernie Madoff, it is incumbent on fiduciaries to review some fundamental laws on endowment.  These laws differ in each state.  This article will briefly review the rules applicable to endowments in New York. An endowment fund is created when … Continue Reading
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