Article
Prudent Management of Institutional Funds
Over the past few years, nonprofit and charitable organizations faced a multitude of economic challenges.
Endowments and foundations were hit hard by an economic downturn not seen since the 1930s. A decrease in donations and available funds put pressure on spending policy, and a number of investment schemes and scandals cost billions. These events contributed to the increased scrutiny of the management of nonprofit funds and the boards responsible for oversight.