Finance - Endowments & Investments

We use our cutting-edge perspective across the investment market to help fuel our clients’ growth and meet their financial goals for the future.

Our approach

We are/were actively involved in the adoption and implementation of the Uniform Prudent Management of Institutional Funds Act in various states. We have performed multiple restricted fund audits, which frequently result in the “freeing-up” of funds for current use by our clients.

We have a clear and simple goal—to meet the financial objectives of our clients by assisting with the investment, use and spending of endowment, quasi-endowment and other charitable assets

Who we work with

  • Foundations
  • Charitable organizations
  • Colleges and universities
  • Hospitals and health care systems
  • Religious institutions
  • Museums and cultural organizations

Recent experience

  • Advised with respect to resolving disputes regarding complications arising out of the nexus between the Uniform Management of Institution Funds Act and accounting pronouncements FAS Nos. 116 and 117.
  • We have worked with more than a dozen educational and other charitable institutions on the reconfiguration of their underwater endowments and donor relations in this challenging investment environment using our deep understanding of the interplay between the development and the finance offices.
  • We regularly advise a national charitable organization on how to effectively supervise the investment managers for its employee benefit plans and on its management of a VEBA (Voluntary Employee Benefit Association) Trust.
  • Annual presenter (for over a decade) at the annual meeting of the New York State Society of Certified Public Accountants on legal developments with respect to charities, most recently addressing investments by charitable institutions as well.
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