Accepting the Generous Gift: Strategic Advice in Connection with Gifts and Endowments
The attorneys in HMBR’s Education Practice help educational institutions navigate the complex legal issues surrounding the use of gifts and endowments. We are responsive to the unique challenges our clients face and we are adept at developing sophisticated legal and business strategies that benefit institutions, while honoring the intentions of their donors.
The conditions that donors place on gifts and endowments can create significant obstacles for recipient institutions. Our lawyers are skilled in interpreting these restrictions and work with colleges to classify funds in a manner that best supports and advances their institutions. We have a thorough understanding of the complex guidelines governing investment decisions and expenditure practices for charitable and non-profit institutions under the Uniform Prudent Management of Institutional Funds Act (UPMIFA). Our lawyers also help clients take appropriate steps to ensure that their activities adhere to established accounting principles and financial reporting standards.