Press Clippings
How Endowments and Foundations Can Deal With Federal Regulation Changes
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Jennifer Gniady, partner and chair of the firm’s religious, educational and nonprofit organizations practice, was quoted in Chief Investment Officer on new regulatory and compliance changes affecting endowments and foundations, and steps these institutions can take to navigate this evolving landscape, including reviewing their policies and procedures.
“Periodic review of policies and procedures to ensure their compliance is something that should be done regularly, and especially whenever there’s a change in administrations,” Jennifer told the publication. “But universities and foundations shouldn’t undertake wholesale changes where there’s significant doubt about vague policies or enforcement warnings that aren’t part of more authoritative guidance processes. Taking time to really understand the implications is important so you aren’t overreacting or underreacting to changes.”
