For Non-Profits

The Benefits of Using a Community Foundation for Non-Profits

Legacy Endowment works with non-profit organizations/agencies to ensure they are compliant with UPMIFA

One of the most heartening benefits of deepening relationships with donors can be the unexpected accumulation of unrestricted planned gifts and bequests. This can happen over time or in a singular event, and a nonprofit organization/agency builds up assets beyond the scope of their annual operating budget needs, capital campaign expenditures, or strategic plan initiatives. With such largess comes a sense of security and often a reduction in annual fundraising goals.

However, holding onto significant assets with few or no planned expenditures can easily become a breach of guidelines set forth in the Uniform Prudent Management of Institutional Funds Act (UPMIFA), specifically, that UPMIFA requires charities to invest these assets using a modern portfolio standard, taking into account:

General Economic Conditions

The possible effects of inflation or deflation

Expected tax consequences of investment decisions

The role of each investment in the whole portolio

The expected total return from income and appreciation of investments

Other resources of the organization

How Legacy Endowment Helps Your Non-Profit:

Serves as a UPMIFA-compliant home for reserve funds

Manages reserve funds, eliminating some or most of the tasks required if you do this yourself

Prevents you from having to turn away donors because you cannot accept their funds

Enables you to be thoughtful about how to spend funds since you don't have to rush to disperse them right away

Access our expertise by connecting with our philanthropic advisors

Contact us to set up a call to explore the possibilities. 

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