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Non-Profit Accounts

Endowments

An endowment fund is an investment fund established that has withdrawals from the fund for specific uses. Non-profit organizations like universities, hospitals and churches often use an endowment fund to advance their wishes and goals. Endowment funds are usually funded by donations from many sources that are deductible for the donors. Most endowments are designed to keep the principal amount intact while using the investment income from dividends for charitable efforts. We help organizations strike an important balance between short-term spending needs and long term investment growth.

Individuals who oversee the endowment serve as investment stewards and have a fiduciary responsibility to the endowment. Many people are not aware of their fiduciary responsibilities and are not sure what is required of them. We help investment stewards incorporate Best Practice Standards into their processes.

IWM can help assist your organization establish an Investment Policy, and manage your investment funds. Endowments fall under the rules and regulations of the Uniform Prudent Management of Institutional Funds Act (UPMIFA) with oversight from the State Attorney General.

Foundations

Managing a foundation is not an easy task. Foundations are usually established for charitable purposes by an individual or a family. Foundations are established with an amount of money and no further money is generally added.

We partner with institutions to provide education and support to executive leadership through presentations and meetings. We help organizations organize, formalize, implement and monitor the investment process. Foundations fall under the rules and regulations of the Uniform Prudent Management of Institutional Funds Act (UPMIFA) and the State Attorney General.

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