A Look At Guidance For The NYPMIFA

Law360, New York (May 6, 2011, 1:19 PM EDT) -- The New York Prudent Management of Institutional Funds Act[1], which is codified primarily in the new Article 5-A of the New York Not-for-Profit Corporation Law (the N-PCL), Sections 550 through 558, makes significant changes to the rules governing how New York nonprofit organizations may manage and invest their funds and spend from their endowment funds.[2]

On March 17, the New York State Attorney General’s Charities Bureau issued guidance on NYPMIFA titled “A Practical Guide to the New York Prudent Management of Institutional Funds Act” (the guide)....
To view the full article, register now.