About Host
Keith Clark-Hoyos
Keith Clark-Hoyos holds a Master of Arts in Ministry, Leadership & Service from Claremont School of Theology. His undergraduate studies focused on Business Administration and Church Ministries at Simpson University.
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Join the Webinar
Master Endowment Management: Join Our Managing Endowments Webinar
Nov 6th, 2024
5:00 PST / 8:00 EST
Welcome to our upcoming webinar on Managing Endowments!
Led by Keith, an expert in church leadership and financial stewardship, this webinar is designed to guide church leaders through the complexities of managing endowment funds. Whether your church has long-standing endowments or is just starting to explore this vital area, this webinar will provide you with the essential knowledge and best practices to manage these funds responsibly and effectively.
Why Attend?
Endowments are a powerful tool for churches to ensure long-term financial stability and support their mission. However, managing these funds requires a deep understanding of various types of restrictions, legal considerations, and best practices to ensure that they are used effectively and in accordance with donors' wishes. This webinar will demystify the process and provide clear guidance on how to manage endowments with confidence.
Key areas of focus include:
- Unrestricted, Donor Restricted, and Board Designated Funds: Understand the differences between these types of funds and how they impact your church's financial strategy.
- Indirect Donor Restrictions: Learn about the subtleties of donor restrictions that may not be explicitly stated but still affect how funds can be used.
- Releasing and Changing Restrictions: Discover the legal and ethical considerations involved in releasing or changing restrictions on endowment funds.
- Introduction to UPMIFA: Get an introduction to the Uniform Prudent Management of Institutional Funds Act (UPMIFA) and how it guides the management of endowments.
- Accounting Requirements: Understand the accounting standards and requirements that govern endowment funds and ensure compliance.
- Best Practices: Learn best practices for managing endowments to maximize their impact and ensure they support your church's mission for years to come.
Key Topics Covered:
- Understanding Fund Types: Differentiate between unrestricted, donor-restricted, and board-designated funds and their implications for your church.
- Navigating Donor Restrictions: Learn how to manage and honor both direct and indirect donor restrictions.
- Legal Considerations: Explore the process of releasing and changing restrictions in a manner that is legally sound and ethically responsible.
- UPMIFA Overview: Gain a foundational understanding of UPMIFA and its role in endowment management.
- Accounting and Compliance: Ensure your church meets the accounting requirements related to endowment funds.
- Implementing Best Practices: Adopt strategies and practices that will help you manage endowments effectively and sustainably.
Join the Webinar
Join us on this journey to financial integrity, where safeguarding your church’s assets is just the beginning.