Not For Profit/Exempt Organizations Blog

Tag Archives: UMIFA

Lessons Learned from Georgetown Law CLE

After attending the Georgetown University Law Center "Representing & Managing Tax-Exempt Organizations" Conference in April, 2010, we wanted to discuss some of the lessons that exempt organizations should take away in the following areas: governance; transparency; compensation; joint ventures; and endowments and investments. … Continue Reading

NY Endowment Funds: Fiduciary Obligations & The Prudence Standard

By Jacob I. Friedman on November 11, 2009 Posted in Endowments

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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