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White Papers
Whether you are the CFO, controller, the vice president of finance or another senior finance executive, you're always looking for ways to gain knowledge and insight into the accounting process. Risk assessment, accounting management, financial planning and budgeting, systems management.
The AMS Resource Center provides a comprehensive look at new accounting standards, rules, regulations, and best practices. Download one of our free finance and accounting white papers or informational articles.
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.
