In today's complex financial landscape, effective endowment management is more critical than ever to provide a stable source of funding that supports long-term missions. In this episode of Cherry Bekaert’s Not-for-Profits podcast, Jason Sturdevant, NFP Accounting Advisory Senior Manager, is joined by Blakeley Richard, Co-host and NFP Accounting Advisory Manager, to give an overview of endowments and how they can help an organization drive success.

Listen to this episode to learn about:

• Common misconceptions with endowment accounting
• Definitions of significant terms for endowments
• Frequent endowment accounting mistakes and errors
• Overview of underwater endowments, fund accounting and policy needs
• Consequences for endowment mismanagement
• Endowment oversight responsibilities
• Best practices and recommendations for accounting for endowments

When endowments are managed effectively, they can provide significant resources to enable organizations to carry out their mission well into the future. However, mismanagement can result in significant time and resource costs.

Cherry Bekaert's Not-for-Profit Accounting Advisory team offers comprehensive advisory services that enables nonprofits to overcome challenges and maximize the benefits that endowments can provide. Our knowledge in crafting tailored solutions allows institutions to align their financial strategies with their long-term goals and mission-driven objectives.

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