September 30, 2022
Understanding Your Trustee Obligations Under UPMIFA
The current market conditions are challenging for endowments at nonprofits and charitable organizations. In this environment, it is ever more important that trustees understand their responsibilities under the Uniform Prudent Management of Institutional Funds Act (“UPMIFA”), which governs endowment management in nearly all 50 states. We partnered with Nixon Peabody to explain UPMIFA’s guidance on prudent endowment spending and explore best practices for boards. To learn what steps your board should be taking, listen to the replay read our paper or contact us.