In the past, where the FSP's level of disclosure was not a requirement, many "policies" were informal. With compliance required for years ending December 31, 2008 time is short as the process for many organizations may require much discussion and decision making by governance boards. Many of the disclosures that will be required may not have been taken into consideration in the past and should be addressed.

Are your endowment funds's investment policies ready to be disclosed? Click on Full Article to read more.

by Peter H. Dinsmore, CPA

     Parent, McLaughlin & Nangle

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