Minnesota Council on Foundations Blog – Philanthropy Potluck

Minnesota Governor Tim Pawlenty signed the Uniform Prudent Management of Institutional Funds Act (UPMIFA) into law on April 10, allowing more flexibility in endowment spending policies for charitable organizations. The law will take effect on August 1 and replaces Minnesota’s Uniform Management of Institutional Funds Act that has been in place since 1973.

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This entry was posted on Wednesday, April 30th, 2008 at 1:37 pm and is filed under government, nonprofits. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.