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.
The intricacies of spending policies, investing decisions, asset allocation can be overwhelming. As a philanthropic executive or board member, however, it is critical for you to remain engaged in the investment management process. The Council can help with these efforts by offering a wide range of investment and spending policy resources to help your foundation follow sound governance procedures.
In-Depth knowledge on Investment & Spending Policies
This white paper defines mission-related investing options, including: socially responsible investing (SRI); environmental, social, and governance (ESG); mission-related investing (MRI); and impact investing.
Editable foundation investment policy template.
This article focuses on conflicts of interest around foundation investments. May foundation board members (or other closely affiliated individuals or businesses) manage foundation investments? May they be paid for this service? What factors should foundation managers consider before they select an investment manager who has a close relationship with the foundation? When is it a bad idea? What special procedures should be followed when a board member or other close affiliate is also an investment manager?