OD: Understanding Underwater Endowments
Recorded February 11, 2009
Overview
Market conditions are impacting the value of endowment investments causing many to be “underwater” or below historic dollar value. These market declines can impact financial reporting, spending decisions and policies, and governing board communications.
What You Will Learn:
- Accounting and reporting guidance for donor restricted endowments
- How both UMIFA and UPMIFA affect net asset categories
- Clarification and identification of relevant accounting literature
- What you need to do to prepare for this fiscal year’s audit
- Effective communication techniques for governing boards
Who Should Participate?
- AVPs of finance and administration
- Controllers
- Financial reporting directors and managers
- Accounting department staff
Meet the Presenters:
- Frank Kurre, Grant Thornton, National Not-for-Profit Managing Partner
Course Information:
- Course Level: Update
- CPE Field of Study: Accounting
- Length: 120 minutes
- Prerequisites: none
Fees
Member: $0.00Non-member: $49.00