Endowments & Foundations

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Fiduciary Guidelines for Endowments and Foundations

 

“IFLC’s development of practical guidelines should be required reading for all endowment fiduciaries.”
Mark A. Pacella, Chief Deputy Attorney General – Commonwealth of Pennsylvania

 
The IFLC task force that developed the method needed for endowments and foundations to satisfy the requirements of the Uniform Prudent Management of Institutional Funds Act (“UPMIFA”), which is enforced by states’ Attorneys General. The standard that emerged includes a total of 81 Steps.

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