August 19, 2020 - Tax-Exempt Organizations Group Webinar: Connecticut UPMIFA Rules and Accounting for Restricted Gifts
Join TANGO and Murtha Cullina LLP for a complimentary webinar:
Connecticut UPMIFA Rules and Accounting for Restricted Gifts
About the Program:
In these challenging times organizations are increasing their ask of donors for contributions to support additional COVID related costs and the uncertain economic landscape. The wording of the solicitation request can limit managements flexibility in the use of the funds. This session will go over suggested do’s and don’ts of what to say in your solicitation. We will also discuss the potential legal ramifications of “releasing” or otherwise accessing restricted funds to respond to financial challenges triggered by COVID.
There could be unexpected accounting consequences depending on how you ask your donors for funding. There have been changes to how restricted gifts are presented but no changes to Connecticut UPMIFA laws. Attend this session to hear how the accounting of gifts has been updated and a refresher on the laws and regulations surrounding UPMIFA.
Edward B. Spinella, Murtha Cullina LLP
Date: Wednesday, August 19, 2020
Time: 1:00pm - 2:00pm
Click here to register and for more information.