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Navigating the Complexities of the Charitable Endowments - Webinar

  • ID: 4327513
  • Webinar
  • August 2017
  • Region: Global
  • 90 Minutes
  • Lorman Business Center, Inc.
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Learn about the latest issues impacting charitable endowments from creation to administration.

Charitable endowments present complex and challenging issues. Legal, accounting, tax and investment management considerations must be understood in order to successfully manage an endowment. Review the history and development of the law of charitable endowments. Endowment will be defined from both legal and accounting standpoints. Relevant accounting guidelines will be shared. How an endowment is created will be explained, including dealing with restrictions over time. Finally, key investment and spending policies for endowments will be explored with recommendations for implementation. This information will be critical for staff and advisors who are involved with the creation, oversight and administration of charitable endowments.

Learning Objectives
  • You will be able to review the history of and current law governing charitable endowments.
  • You will be able to identify unique accounting issues relative to endowments.
  • You will be able to explain how an endowment is created with correct wording and agreements.
  • You will be able to recognize important administrative considerations for endowments such as investment and spending policies.
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History of Endowments
  • Trusts
  • Modern Portfolio Theory
  • Uniform Management of Institutional Funds Act (UMIFA)
  • Underwater Endowments
  • Uniform Prudent Management of Institutional Funds Act (UPMIFA)
Definition of Endowments
  • UPMIFA
  • Financial Accounting Standards Board (FASB)
  • IRS 990
Accounting Issues
  • FASB 117-1
  • FASB 124
  • FASB 136
Creation and Administration of Endowments
  • Creation of Agreements
  • Rules of Construction
  • Restrictions on Endowments
  • Investment Policies for Endowments
  • Spending Policies for Endowments
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Philip M. Purcell, Esq Consultant for Philanthropy, LLC
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This webinar is designed for accountants, executive directors, controllers, tax managers, CFOs, CEOs, business owners and managers, board members, treasurers and attorneys.
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