Uniform Prudent Management of Institutional Funds Act

Uniform Prudent Management of Institutional Funds Act

by Richard C. Wilson & Family Offices Group Association Team

Family Office Definition: Uniform Prudent Management of Institutional Funds Act

Uniform Prudent Management of Institutional Funds Act definition:  (UPMIFA) serves as the default guide in absence of a written charitable gift agreement. The legislative act has been adopted by most US states (with the exception of Pennsylvania, Mississippi, and Puerto Rico). UPMIFA requires funds to be managed prudently and encourages charitable spending based on an endowment funds total return, instead of focusing solely on income.

Download our free Family Office Report to learn more about the family office industry.

Read more Family Office Definitions

Tags: What is Uniform Prudent Management of Institutional Funds Act?, Uniform Prudent Management of Institutional Funds Act definition, Uniform Prudent Management of Institutional Funds Act family office, Uniform Prudent Management of Institutional Funds Act term, define Uniform Prudent Management of Institutional Funds Act, Uniform Prudent Management of Institutional Funds Act wealth management, Uniform Prudent Management of Institutional Funds Act multi-family office, Uniform Prudent Management of Institutional Funds Act single family office

Leave Your Response

* Name, Email, Comment are Required

We run the Family Offices Group, the #1 largest family office association with 84,000+ global members. We offer live events, a bestselling book, Webinars, a family office database, and a family office training & certificate program called the Qualified Family Office Professional (QFOP). To get to know us please watch this 2 minute video, and contact us any time during pacific business hours by calling (212) 729-5067 or emailing us at Clients@FamilyOfficesGroup.com.

Free Family Office Report (PDF)

Contact Details for 1,000 Family Offices in Excel