Minimizing Money Management Mayhem

Kathy Boyle, President, Chapin Hill Advisors is this week’s guest.

We’ll talk about Minimizing Money Management Mayhem: What UPMIFA means for your CEO, CFO and board.

Kathy distills the requirements of UPMIFA for nonprofits in New York–and other states–where the Uniform Prudent Management of Institutional Funds Act has become law.

• What is “prudent”?
• What needs to be in your investment policy statement?

We’ll leave you with tips for compliance and action items.

Update: April 13, 2011 – The New York State Attorney General now has a guide to New York’s Prudent Management of Institutional Funds Act (NYPMIFA). NY nonprofits will find this guide by the AG helpful.