Is your non-profit board in need of standards for investment decisions or guidance about spending endowments? Uniform Prudent Management of Institutional Funds Act (UPMIFA) provides a useful roadmap for non-profit directors dealing with charitable funds. It can help effectively incorporate standards into investment programs and spending policies that can provide valuable protection for boards and investment committees. In making prudent investment decisions, UPMIFA fiduciaries should consider:
- Economic conditions
- The effects of inflation or deflation
- Tax consequences
- The impact of the investment on the total portfolio
Download the paper for the complete list of factors to consider.