Not For Profit/Exempt Organizations Blog

Tag Archives: UPMIFA

Recaps from Proskauer’s 20th Annual Trick or Treat Tax Exempt Seminar

By Amanda H. Nussbaum on Posted in Governance
Proskauer’s 20th Annual Trick or Treat Seminar was held on Friday, October 30. The Seminar discussed: Non-Profit Revitalization Act of 2013: Recent Developments and Outstanding Issues Recent Developments in Independent Contractor Misclassification Purpose Investing for Charities Benefits Update Amanda Nussbaum welcomed everyone to the 20th Annual Trick or Treat Seminar, commented on some of the trends … Continue Reading

Recaps from Proskauer’s 16th Annual Trick or Treat Tax Exempt Seminar

By Jacob I. Friedman on Posted in Governance
Proskauer's 16th Annual Trick or Treat Seminar was held on Monday, October 31, 2011. The Seminar discussed: Corporate Governance for Not-for-Profit/Exempt Organizations Maintaining Tax-Exempt Status During Election Season Investment Management under UPMIFA: What's Required, What's Good Practice Executive Compensation & Employee Benefits Developments … Continue Reading

CFA Institute Releases Investment Management Code of Conduct for Charities

By A. Nicole Campbell on Posted in Endowments
The CFA Institute has released guidance on the management of the financial resources of philanthropic organizations. Specifically, the CFA Institute developed the Investment Management Code of Conduct for Endowments, Foundations, and Charitable Organizations to specifically address the management of what are typically longer-term or permanent financial assets of these organizations. Board members and officers should be aware of the principles articulated in the Code of Conduct to successfully manage the investment of these types of assets and to ultimately protect the organization's investments. … Continue Reading

NY Endowment Funds: Fiduciary Obligations & The Prudence Standard

By Jacob I. Friedman on 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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