It can be challenging for nonprofit organizations and their investment committees when deciding whether to invest in alternative investments. Organizations and committees need to be equipped to make an informed decision when considering adding or keeping alternative investments within their portfolio.
This session will explain the important accounting, audit and tax implications in dealing with the many types of alternative investments, such as hedge funds, venture capital funds, common collective trusts, and more. We will provide information on:
- Basic terminology and structure of investment funds
- How to read a K-1 and a partnership agreement
- Important financial statement disclosures
- Dealing with foreign activities
- Liquidity considerations
- Endowment spending
- Proper due diligence
- Monitoring alternative investments
|Daniel Figueredo, CPA
Partner, AssuranceDaniel leads BPM’s Nonprofit industry group. His career started at BPM, and for nearly 20 years he has helped the Firm and his clients grow and succeed. Daniel’s nonprofit experience includes working extensively with fair value and alternative investments, the Uniform Guidance and Single Audits, planned giving, and significant capital campaigns. He is deeply involved in serving nonprofit organizations and works with private foundations, social enterprises, trade associations, arts and culture, advocacy and political organizations, private schools, community foundations and higher education.
Manager, AssuranceSu has more than seven years of experience in public and private accounting. She specializes in assisting organizations, including private foundations, and educational and charitable nonprofit organizations.
|Elena Serebriakova, CPA
Director, TaxElena has been providing tax services to nonprofit organizations for over 12 years. Her nonprofit experience includes community foundations, professional membership associations, education organizations, performing arts organizations, social welfare organizations and private foundations.
|Melodie Olson, CPA
Senior Manager, AssuranceWith more than 10 years of professional public accounting experience, Melodie works with education nonprofits, private foundations, and religious organizations. She also assists in developing and conducting nonprofit training sessions. Melodie heads up BPM’s Professional Services Industry Group, which provides services to clients who serve other companies.