Rescheduled: SUNY Cobleskill Hosts Non-Profit Fiscal Responsibility Seminar

January 19, 2011

From the smallest all-volunteer group to large national associations, managing and protecting financial resources is a major concern for all non-profit organizations, especially during these turbulent economic times.

 

To assist regional charities navigate the ins and outs of last year’s New York Uniform Prudent Management of Institutional Funds Act (NYPMIFA), SUNY Cobleskill’s Office of Extended Learning will host an advanced-level seminar featuring accountants from Marvin & Company, PC on Tuesday, Jan. 25, from 6:30-7:45 p.m. in room 120 of the campus’ Warner Hall.

 

The evening will begin at 5:30 p.m. with refreshments at the Warner Hall Café. There is a $35 registration fee. To register, please call 518-255-5528 or visit www.cobleskill.edu/training no later than Jan. 14.

 

“As a result of this recent legislation, tax-exempt organizations are now subject to a higher standard of prudence as it relates to gift-acceptance, investment policies and donor agreements,” explained Marvin & Company, PC Director Kevin O’Leary, CPA. “Major gifts now demand more attention and some charities will need to revisit their investment strategies for these gifts. This seminar will focus on new requirements for organizations, as well as strategies for boards to consider.”

 

Topics slated to be discussed include the impacts of NYPMIFA, accounting issues related to planned giving and other reporting requirements; board responsibilities regarding NYPMIFA, and how these new laws can affect your organization

 

Representatives from around 70 regional non-profit organizations are expected to attend.

 

Founded in 1923, Marvin and Company P.C. is a Capital Region-based firm offering services in accounting, auditing, taxation and management consulting to individuals, partnerships, corporations, governmental units and non-profit organizations. For more information, visit www.marvincpa.com, or call (518) 785-0134.

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