Directors, executives, and operations staff members are under increasing pressure to display convincing prudence to their charitable donors. Volatile investment markets and recurring investment scandals intensify the pressure.
The need to demonstrate the highest level of competency in managing charitable donations is a major reason that foundations and endowments join IFLC. A few of the other reasons that motivate membership in IFLC include:
Methods for managing investment decisions are non-standard throughout the foundation community.
Fiduciary training is largely absent within the foundation and endowment community.
The lack of trained fiduciaries and standards opens the door for vendors of investment and administrative services to unduly influence critical money decisions.
Directors and executives desire membership in a peer group that advocates and develops standards.
Regulatory activity is increasing from attorneys' general who are using UPMIFA as their tool.
Standardized methods are needed to assuage donors' fears and to meet UPMIFA's rules.
IFLC's resources and networking power are built around a mission that is focused solely on fiduciary issues.
We provide powerful advantages to foundations and endowments that want to maintain a high level of stewardship excellence. Join IFLC!
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Insights is a quarterly electronic newsletter that identifies issues of importance to IFLC and how its members can capitalize on their status.
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Methods for managing investment decisions are non-standard throughout the foundation community.
