May 07, 2009

Venable LLP, Merrill Lynch and Tate & Tryon Present "Due Diligence Considerations for Nonprofit Investment Fiduciaries"

This event has already occurred.

Venable's Washington, DC office
575 7th Street, N.W.
Washington, D.C.

8:00 - 8:30 a.m. Breakfast
8:30 - 10:00 a.m. Program (including audioconference)

Related program materials can be found in the attached document located in the left sidebar.

The arrests of Bernard Madoff and other investment managers alleged to have defrauded investors have sent shock waves throughout the nonprofit financial community. As a result of these events, as well as the historic volatility and disruption in global financial markets, many investment fiduciaries of foundations, charities, endowments, and pension funds been reconsidering their investment policies and their due diligence processes for selecting investment managers, outside consultants, and advisers.

What are the fiduciary duties of your board and investment committee under UPMIFA and UMIFA in connection with the investment function, and what "best practices" should be considered regarding due diligence of traditional long-only and alternative investments? What are the potential changes in the way your financial statements provide information about endowment and other donor-restricted funds? This breakfast briefing will cover these hot topics and help you refine your process for navigating through today's turbulent markets.


  • Michael H. Graham, CIMA, First Vice President, Institutional Consultants at Merrill Lynch, specializing in associations, endowments and foundations
  • Charles F. Tate, CPA, Partner, Tate and Tryon, P.C.

Moderator: Jeffrey S. Tenenbaum, Esq., head of Nonprofit Organizations Practice, Venable LLP