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Endowments & Split-Interest Accounting and Reporting
Date
June 12, 2014
Gifts to endowment continue to be a steady and consistent form of fund-raising for NFP’s. Over the past decade, split interest agreements have become increasingly popular, especially amongst donors who are not quite ready to completely let go of their wealth. This session will cover:
• The basics of endowment accounting including how to handle “underwater” endowments and what to look for relative to the Uniform Prudent Management of Institutional Funds Act (UPMIFA)
• How to make accounting for split interest agreements simple and easy
• What to do when trying to record beneficial interests in trusts with little information.
• The basics of endowment accounting including how to handle “underwater” endowments and what to look for relative to the Uniform Prudent Management of Institutional Funds Act (UPMIFA)
• How to make accounting for split interest agreements simple and easy
• What to do when trying to record beneficial interests in trusts with little information.
Speakers
Louis Mezzina, CPA
Senior Advisor, KPMG LLP
John R. Kroll, CPA
Associate Vice President for Finance and Administration, University of Chicago
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