Are You Ready?
March 1, 2010, is the effective date for the Massachusetts Data Privacy Regulations. In order to avoid penalties, all organizations who own, license, store, or maintain personal information must meet the requirements.
Take the steps needed to ensure you're ready.
AMS Resources
Talking to Your Board About UPMIFA
There’s a new regulation to contend with – the Uniform Prudent Management of Institutional Funds Act (or UPMIFA). UPMIFA updates an older law (from the 1970s) called UMIFA, the Uniform Management of Institutional Funds. [It’s been said that UPMIFA has the extra “P” added for “Prudence.”]
While still untested, and with some states slow to adopt (three states have yet to consider UPMIFA this year), UPMIFA provides important guidance to nonprofit directors and their boards but creates some pockets of uncertainty.
This white paper details what you need to know about the general requirements of UPMIFA and some guidance on how to prepare your board for their role in determining a prudent course of action with regard to your organization’s endowments.
2010 Outlook Survey: Initial Results
Preliminary data collected from AMS’s 2010 forecasting survey has begun to yield results that tell a tale of cautious optimism among professionals from a wide spectrum of organizations and industries. Though early indicators show that most survey participants expect economic recovery to be a slow process, many seem to think that the worst is behind us.
Linking Income to Outcome
A program emphasizing Key Performance Indicators (KPIs) can help your team truly understand your financial situation. Do you know how to get the most out of your financial reporting?
