Accounting for Endowments - What You Need To Know
Total Credits: 1.5 including 1.5 Accounting - Technical
- Average Rating:
- 227
- Categories:
- Not For Profit | On Demand Pass
- Faculty:
- Neely Duncan | Danika Mendrygal, JD
- Course Levels:
- Intermediate
- Duration:
- 1 Hour 15 minutes
- License:
- Access for 90 day(s) after purchase.
Tags: TXCPA Produced
Description
Neely Duncan of BKD and Danika Mendrygal of Mendrygal Law PLLC join forces in presenting what you need to know about accounting for endowments. This course covers both an accounting and legal perspective around endowments. It includes topics around risk management, legal structure, policy considerations, reporting standards and invetments. There is also discussion of disclosure requirements and changes to underwater endowment funds.
LEARNING OBJECTIVES
- Understanding endowments
- Endowment Risk Management and Legal Structure
- Endowment Policy Considerations
- NFP Reporting Standard Impact on Endowments and Investments
- Investments
- Financial Statements from ASU 2016-14: Statement of Financial Position
- Financial Statements from ASU 2016-14: Statement of Activities and Changes in Net Assets
- Underwater Endowment Fund Changes
- Board Management Designations / Appropriations and Enhanced Disclosure Requirements
- Liquidity Disclosure Requirements
PROGRAM LEVEL: Intermediate
PREREQUISITES: No prerequisites exist. Familiarity with Not-For-Profit accounting standards is strongly recommended.
PREPARATION: No preparation is needed. Familiarity with Not-For-Profit accounting standards is strongly recommended.
Course Materials
| Slides (PPT) (2.5 MB) | Available after Purchase | ||
| Slides (PDF) (2.2 MB) | Available after Purchase | ||
| Article - Restricted Gifts and Endowments (605.9 KB) | Available after Purchase | ||
Faculty
Danika Mendrygal, JD Related Seminars and Products
Attorney
Mendrygal Law, PLLC
With over 15 years of experience, including almost 12 years at a nationally recognized law firm, Danika is devoted exclusively to guiding nonprofit and tax-exempt clients through an increasingly complex environment. Danika is rooted in the local nonprofit community, both as a volunteer and a speaker. She was recognized as one of the “Top Women Attorneys in Texas” in 2019 and as a “Super Lawyer” in 2018, both by Texas Super Lawyers (a Thompson Reuters publication).
Education
J.D., with honors, University of Texas at Austin, School of Law, 2003
B.B.A., cum laude, University of Miami, 1999
Professional Experience
Mendrygal Law, PLLC (2015-Present)
Haynes and Boone, LLP, Dallas (2003-2015)
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