Product Description

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.

Agenda & Materials

• 12:00 - 12:05 pm

  Scope of the Endowment World

  eLecture Add to Cart

  Kelly J. Guarino, Esq., Fiduciary Trust Company , Boston
  
• 12:05 - 12:15 pm

  Endowment Structures; Types of Endowments: Quasi-, Term, Restricted, Unrestricted

  eLecture Add to Cart

  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

  eLecture Add to Cart

  Matthew R. Hillery, Esq., Goulston & Storrs, PC , Boston
  
• 12:40 - 1:00 pm

  Gift Acceptance Policies; Spending Policies; Modification and Release of Restrictions

  eLecture Add to Cart

  Jocelyn A. Bishop, Esq., Jocelyn Bishop Consulting LLC , Westford
  
• 1:00 - 1:15 pm

  Key Taxation and Accounting Issues

  eLecture Add to Cart

  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

  eLecture Add to Cart

  Kelly J. Guarino, Esq., Fiduciary Trust Company , Boston
  
• 1:40 - 1:50 pm

  Alternatives to Endowments

  eLecture Add to Cart

  Kelly J. Guarino, Esq., Fiduciary Trust Company , Boston
  
• 1:50 - 2:00 pm

  Key Takeaways and "Ask the Experts" Q&A Session

  eLecture Add to Cart

  Panel
  

Special Program Materials:

• Massachusetts Nonprofit Organizations

Please Note

MCLE webcasts are 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.

Faculty