Acquire valuable insights and best practices for managing endowment funds and ensuring compliance with donor wishes and legal standards.
Endowments are long-term funds that provide a stable source of income for nonprofit and educational organizations and are subject to donor restrictions and legal regulations. Endowment accounting and requirements are important for those organizations that have endowments, and there are aspects that are not well understood in this area. During this course, participants will learn about the different types of endowments and how they are affected by the Uniform Prudent Management of Institutional Funds Act (UPMIFA). Participants will also learn about the accounting requirements for endowments, including how to handle underwater endowments and how to report them in financial statements. Additionally, participants will learn how to develop and implement a spending policy that aligns with their organization's mission and goals. By attending this course, participants will acquire valuable insights and best practices for managing their endowment funds and ensuring compliance with donor wishes and legal standards.
Agenda
Faculty
Marty Mathisen, CPA, CGFM, CFE
CliftonLarsonAllen LLP
- Assurance Partner at CliftonLarsonAllen LLP in Albuquerque, NM
- 40 years of experience in nonprofit and state and local government accounting
- Presented at various professional conferences and seminars, including the annual Associated Governmental Accountants conference , the Office of the State Auditor, the Associated Accounting Firms International, the Clearwater Law Institute, and the Certified Management Accountants
- Developed and delivered training programs on board responsibilities and business consulting for nonprofits and governments
- Established the state and local government practice for Atkinson & Co., conducted 85 peer reviews of other CPA firms, and performed and reviewed over 60 single audits of federal funding for nonprofits and governments
- Can be contacted at [email protected] or 505-235-2238
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