October 3, 2014 MANP Nonprofit Finance Conference.
At this conference, Len talked about UPMIFA (Uniform Prudent Management of Institutional Funds Act), a state statute that provides rules for management and investment of certain funds held by charitable institutions, spending of funds donated as “endowments”, and obtaining relief from donor restrictions. Presentation agenda:
•What is UPMIFA? The Basics
•UPMIFA Over the Life of an Endowment Fund