This chapter of Mastering Foundation Law examines Uniform Prudent Management of Institutional Funds Act (UPMIFA) and other laws that govern the management and investment of endowments and other foundation financial assets. It also includes a discussion of the board’s role and the use of outside advisors.
From budgeting, accounting and investment practices, audits, and managing external consultants, there is a broad range of skills for foundation executives and board members to understand. The Council maintains a wide range of financial management resources to help you follow good governance procedures and ensure thorough oversight.
In-Depth knowledge on Financial Management
This white paper outlines best practices with proven results that foundations can use to find and create a diverse and inclusive staff and investment advisory team. Readers will learn how to make the business case for more diverse and equitable strategies and link success in this area with investment results.
Community foundation administrative fee structures and frequently asked questions about administrative fees for funds.
The Council's Board of Directors released this guidance memorandum in March 2010 and strongly recommends that when reviewing and approving foundation investment policies and procedures practices, all foundations—private and public—consider these best practices in foundation investment management.
Understanding the challenges of currency fluctuations on international grantmaking, and taking action to minimize their impact can ensure that this natural process does not become an added barrier to overseas giving. This resource focuses on some of the challenges foundations and giving programs and their grantees face as a result of fluctuating currency exchange rates, and highlights various ways that U.S. grantmakers are dealing with them in their international grantmaking activities. It offers insights from the field that may be useful to grantmakers considering starting an international giving program and to more seasoned ones wishing to improve their practices.
This webinar explores the importance of having a formal strategy, the relative merits of some traditional policies, and some ideas on using technology to allow for new strategies.
Editable foundation investment policy template.
From PricewaterhouseCoopers LLP, these publications and resources cover issues surrounding investments other than stocks, bonds and cash.
Frequently asked questions about investments and basic asset allocation strategies.
Raising money for community needs is the central function of community foundations. No surprise, then, that we receive more questions about fundraising than about any other topic. Following are some common inquiries we receive by telephone and e-mail and the replies we give.