Insurance is a form of risk-financing. Insurance program oversight is a key responsibility often fulfilled by the Foundations finance team. 2021 has been a turbulent year regarding insurance. We will present pricing and litigation trends to capture an outlook for 2022 and shine a light on key risk areas for foundations to consider when managing risk.

We will provide insight on how to manage these key risks for foundations and provide strategies to help demystify the private foundation in the eyes of an insurance company underwriter. Yes, Foundations are vastly different from the organizations you support through your missions of giving. We know this, insurance companies often do not.

The Financial Accounting Standards Board has been steadily releasing guidance that may have an impact on your financial statements or those of your grantees. Understanding the impact of these standards on the statements of financial position and activities will aid in future financial statement analysis.

Private Foundations want to help charities in the time when funding is desperately needed, but have to balance protecting their endowments so as to not jeopardize their own sustainability. Look at determining budgeting, payout rates, use of issuing charitable bonds and other creative ways foundations are responding to current needs.