Endowment funds are a key resource for exempt organizations and are found throughout the nonprofit world. They range in size from large university-owned endowments to smaller funds held by charitable organizations of all types. This new program explains key aspects of the legal rules governing the investment and use of endowment funds. Understand how endowments are structured, created, and classified, and which state statutes apply. Once created, endowments must be governed responsibly, and the funds invested in a prudent manner. Learn about recommended spending and investment policies, and the ways that organizations work with internal and external investment advisors to fulfill fiduciary duties. Hear how the popular concept of socially responsible investing applies to endowments.
Course Content
12:00 - 12:05 pmScope of the Endowment World
Kelly J. Guarino, Esq.,
Fiduciary Trust Company, Boston
12:05 - 12:15 pm
Endowment Structures; Types of Endowments: Quasi-, Term, Restricted, Unrestricted
Matthew R. Hillery, Esq.,
Goulston & Storrs, PC, Boston
12:15 - 12:40 pm
UPMIFA-Uniform Prudent Management of Institutional Funds Act; UPIA-Uniform Prudent Investor Act
Matthew R. Hillery, Esq.,
Goulston & Storrs, PC, Boston
12:40 - 1:00 pm
Gift Acceptance Policies; Spending Policies; Modification and Release of Restrictions
Jocelyn A. Bishop, Esq.,
Jocelyn Bishop Consulting LLC, Westford
1:00 - 1:15 pm
Key Taxation and Accounting Issues
Jocelyn A. Bishop, Esq.,
Jocelyn Bishop Consulting LLC, Westford
1:15 - 1:40 pm
Investment Policies; Working with Investment Committees; Delegation of Investment Management; Socially Responsible, ESG, and Impact Investing
Kelly J. Guarino, Esq.,
Fiduciary Trust Company, Boston
1:40 - 1:50 pm
Alternatives to Endowments
Kelly J. Guarino, Esq.,
Fiduciary Trust Company, Boston
1:50 - 2:00 pm
Key Takeaways and 'Ask the Experts' Q&A Session
Panel
Please Note
This webcast is delivered completely online, underscoring their convenience and appeal.
There are no published print materials. All written materials are available electronically only.
They are posted 24 hours prior to the program and can be accessed, downloaded, or printed from your computer.
Speakers
FacultyJocelyn A. Bishop, Esq.,
Jocelyn Bishop Consulting LLC, Westford
Kelly J. Guarino, Esq.,
Fiduciary Trust Company, Boston
Matthew R. Hillery, Esq.,
Goulston & Storrs, PC, Boston
