UPMIFA: No Panacea But Possibilities, Pitfalls, and Pratfalls
| Details | |
|---|---|
| Date: | September 1, 2010 |
| Location: |
Fifth Third Conference Room: 323 West Broadway Louisville, KY 40202 Room Location: 1st Floor |
| Start Time: | 9 a.m. |
| End Time: | 12 p.m. |
| Price: | $55.00 for members. $75.00 for non-members. |
| Category: | Finance |
Kentucky has become the 46th state to change the old Uniform Management of Institutional Funds Act into the new Uniform Prudent Management of Institutional Funds Act. Every charitable endowment in Kentucky is affected by this mostly positive change. Our speakers will discuss all aspects of UPMIFA with practical examples, including:
*Managing Endowments Under the New Rules
*Changing Spending Policies
*Dealing with Underwater Endowments
*Handling Donor and Board Restrictions
*Providing Donor and Board Education
*Creating Accounting Compliance for Financial Statements and Footnotes
Our presenters Turney Berry of Wyatt, Tarrant & Combs, LLP and Susan Nicholson, VP and CFO at Community Foundation of Louisville will discuss all aspects of UPMIFA with practical examples. Melissa Buddeke, Tom Cooper and Marcia Lewis of Green Street Capital, LLC will also share their expertise around board fiduciary roles and responsibilities.
Getting to the Center for Nonprofit Excellence (CNPE) is easy. We are located on the south side of downtown Louisville, KY in the restored ArtSpace building located at 323 West Broadway. You may enter ArtSpace just left of the Brown Theatre marquee. Signage will direct you to the first floor Fifth Third Conference Room. CNPE encourages all its visitors to access public transit as there are several convenient TARC bus routes within a short walk of our location. To find the TARC ride nearest you visit, www.ridetarc.org.
Are you a cycling guest? Bring your bicycle to the fifth floor for storage during your visit.
Should you drive to our location, there is ample parking within a two block radius including structures, surface lots and metered spaces. Due to the economic realities we all face, the Center for Nonprofit Excellence will be unable to validate parking. While we regret this financial necessity, we need to expend all of our resources where they matter most -- toward the highest level of quality services possible.
Instructor Info
Instructor Name: Turney Berry
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Turney Berry's Bio: Turney P. Berry concentrates his practice in the areas of estate planning, fiduciary matters, and charitable planning.
Mr. Berry is listed in Woodward/White’s The Best Lawyers in America® and in the Kentucky Super Lawyer Magazine in the area of Trusts and Estates. He is a Regent of the American College of Trust and Estate Counsel (ACTEC) and is Chair of the Charitable Planning and Exempt Organization Committee, a member of the Estate and Gift Tax Committee, the Program Committee, and the State Laws Committee. He is a Uniform Law Commissioner from Kentucky and has served on committees dealing with the Uniform Probate Code and new biology, Transfer on Death Deeds, Insurable Interests for Trustees, and Marital Agreements. Mr. Berry is a member of the Louisville Estate Planning Council, Kentuckiana Planned Giving Council, an adjunct member of the American Association of Life Underwriters, and is a member of the Legal Advisory Committee of the Council on Foundations.
He has been an Articles Editor of The Tax Lawyer, a past chair of the Louisville Bar Association Probate and Estate Planning Section, Adjunct Professor at Vanderbilt University, the University of Missouri, and the University of Louisville. Articles by Mr. Berry have been published in, among others, The ACTEC Journal, Trusts and Estates, The Journal of Taxation, Business First of Louisville, and the Louisville Courier-Journal.. Mr. Berry is the author or co-author of three Tax Management Portfolios: Estate Tax Deductions - Sections 2053 and 2054; Private Foundations - Self Dealing - Section 4941; and Taxable Expenditures - Section 4945.
Mr. Berry is Chair of the Center for Interfaith Relations, a Director of Actors Theatre of Louisville, a Director of Kentucky Opera, a Director of the Louisville Science Center, a member of Louisville Downtown Rotary, and past President of the Daily Bread Sunday School Class at Christ Church United Methodist in Louisville. He has previously served on a number of community boards including The Filson Historical Society, the Kentucky Derby Festival Foundation, the Louisville Bar Foundation, Children’s Hospital Foundation, Bellarmine University Board of Overseers, Arthritis Foundation, Louisville Third Century, Louisville Jaycees, and American Lung Association of Kentucky.
He is a frequent speaker before civic, charitable, and community groups throughout Kentucky, Indiana, and Tennessee, and is a regular lecturer before lawyers, accountants, trust officers, and financial planners at institutes and seminars across the country.
He received his B.A. and B.L.S. in 1983 from the University of Memphis and his J.D. in 1986 from Vanderbilt University.
Instructor Name: Susan Nicholson
