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Distance Learning
Distance Learning

OD: Understanding Underwater Endowments

Recorded February 11, 2009


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


Member: $0.00
Non-member: $49.00