Spending and Management of Endowments under UPMIFA | Association of Governing Boards

Spending and Management of Endowments under UPMIFA | Association of Governing Boards: "Over the past three years, adoption of the Uniform Prudent Management of Institutional Funds Act (UPMIFA) has fundamentally changed the regulatory context in which boards make decisions regarding spending from underwater endowments. In 2010, AGB surveyed 207 colleges, universities, and affiliated foundations, providing the only national data on the ways higher education boards are managing spending under the new law and providing college and university boards and executives with important insights into the ways spending and governance practices are evolving."