This course discusses accounting for endowments and split-interest agreements held by not-for-profit entities (NFPs). Endowment funds are generally established by donor-restricted gifts and bequests to provide a source of income in perpetuity or for a specified period. Laws for managing donor-restricted endowment funds are established at the state level. The Uniform Prudent Management of Institutional Funds Act, UPMIFA, provides guidelines for the management and investment of charitable funds by NFPs. Some donors enter into trusts or other arrangements under which NFPs receive benefits that are shared with other beneficiaries. This course covers the recognition and measurement principles for these arrangements, commonly known as split-interest agreements, and the application of these principles to widely used types of such agreements. Who Will Benefit - New accountants interested in the basics of accounting and financial reporting requirements that apply to not-for-profit entities. - Experienced accountants that are new to the not-for-profit industry or are in need of a refresher on the basics of accounting and financial reporting requirements that apply to not-for-profit entities. Key Topics - Endowments - Major provisions of the Uniform Prudent Management of Institutional Funds Act (UPMIFA) - Types of split-interest agreements - Financial statement presentation and disclosure of endowments and split-interest agreements Learning Outcomes - Recall how NFPs manage endowments. - Identify major provisions of the Uniform Prudent Management of Institutional Funds Act (UPMIFA). - Recognize the types of split-interest agreements. - Recognize financial statement presentation and disclosure of endowments and split-interest agreements.