In today's complex financial landscape, effective endowment management is more critical than ever to provide a stable source of funding that supports long-term missions.
In this episode of Cherry Bekaert’s Not-for-Profits podcast, Jason Sturdevant, NFP Accounting Advisory Senior Manager, is joined by Blakeley Richard, Co-host and NFP
Accounting Advisory Manager, to give an overview of endowments and how they can help an organization drive success.
Listen to this episode to learn about:
- Common misconceptions with endowment accounting
- Definitions of significant terms for endowments
- Frequent endowment accounting mistakes and errors
- Overview of underwater endowments, fund accounting and policy needs
- Consequences for endowment mismanagement
- Endowment oversight responsibilities
- Best practices and recommendations for accounting for endowments
Learn how our Non-for-Profit Accounting Advisory team can help your NFP overcome challenges and maximize the benefits that endowments can provide.
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