Summary Observations on the 2003 Tax Act
Observations on investment implications from the 2003 Tax Act.
Governance and Management
Transition Management
This extensive report examines the cost components of moving assets between managers, the relative merits of five methods for moving those assets, and selection criteria for choosing a transition manager.
Unrelated Business Income Tax (UBIT): An Introduction
A primer on UBIT including a clarification of rules governing its application and circumstances when this tax may be incurred.
An Overview Of Endowment Management Costs
This survey-based report examines five main areas of endowment management expense (investment management, investment supervision, custody, legal, and accounting/audit) and explores funding sources for each.
Unitization: An Introduction
A primer on unitized accounting including information on creating and withdrawing units, appreciation/depreciation, and income allocation and distribution.
Planned Giving
Planned giving programs may face a number of challenges. There may be a tension between fund raisers and those charged with investment oversight, and inadequate gift acceptance criteria, poor investment planning, and high administrative costs can further complicate the situation. This report details Cambridge Associates` recommendations to nonprofits for combating the challenges mentioned above and…