A phenomenon with far-reaching effects on nonprofit investment management and governance has become a little-noticed yet powerful force in boardrooms over the past decade. Despite its wide-ranging implications, this development has largely gone undocumented. This paper seeks to draw attention to this change and its implications, and to trace a…

It is a wonderful surprise when an executor calls to inform that one's college has been remembered in an individual's estate, either for a future gift or one that is being distributed. Leaving this legacy often enriches the final years of a donor's life. But too often, these opportunities are left to chance because community college development…

Objectives: Using baseline survey data, the study examined self-efficacy of 381 lower-income parents who had opportunities to build financial assets for their children by opening college savings accounts in a human service agency. Methods: Of the study sample, 62% of the parents decided to open accounts while 38% did not. Structural equation…

There's an urban legend which holds that community college graduates who go on to earn degrees at other institutions develop a stronger loyalty to the college that granted their highest degree. Perpetuating this legend is a limiting belief that keeps fundraising professionals from taking necessary steps to fully develop the potential that exists…

The University of San Francisco School of Law is one of at least a dozen law schools in the United States where students represent small investors facing big headaches, often because their brokers were more interested in maximizing their own commissions than in giving sound advice. Supervised by law professors, teams of students file motions,…

This paper compares pre-death charitable testamentary expectations with post-death distributions for deceased panel members in the 1995-2006 Health and Retirement Study. Most respondents who reported having a charitable estate plan in the survey wave immediately prior to their death ultimately generated no charitable estate gift after death.…

This publication was created for middle-income parents of children under the age of 18 who have disabilities. It is a simple, straightforward resource to help them manage their money, and plan for them and their children's financial future and overall well-being. The financial management techniques presented here can help parents, not just in…

The Canada Education Savings Program is an initiative of the Government of Canada. As part of the Department of Human Resources and Skills Development, the program administers the Canada Education Savings Grant and the Canada Learning Bond. These two initiatives help Canadian families save for a child's post-secondary education in Registered…

This article reports that as many as five colleges or charitable foundations whose endowments have suffered significant investment losses or were unable to access money in their accounts in recent months are considering legal action against their brokers or investment managers, alleging misrepresentation of risk or mismanagement. Jacob H.…

Complexities in managing TIAA-CREF contracts are reviewed. Attention is directed toward participation, period considerations, selection of retirement age, retirement income transition, estate considerations and beneficiaries, voluntary additional contributions, and supplemental retirement annuity contracts. (LBH)

This booklet is part of a series of monographs focusing on conflicts of interest in different sectors of the financial industry. This particular study examines a number of conflict-of-interest problems related to the management of public pension funds. In his discussion, the author analyzes a variety of related problems, such as the selection of…

Figures are offered on the expense charges and cashability feature of the supplemental retirement annuities (SRA's) of the Teachers Insurance and Annuity Association (TIAA) retirement program. (LBH)

The process by which constitutional and trust law have blended together in the charitable trust field is examined. Focus is on whether a settlor can expect racial and religious restrictions in a charitable trust to be allowed, how to deal with them if they are, and what happens to the trust property if they are not. (LBH)

This article serves as an introduction to a symposium on the Employee Retirement Income Security Act of 1974 and its labor law considerations. Commentary is offered on reporting and disclosure, fiduciary responsibilities, vesting, funding, and miscellaneous provisions. (LBH)

The handbook details legal options in providing for decisionmaking regarding mentally retarded persons. Defined are trusts and representative payee situations. Considered in detail are aspects of guardianship and conservatorship, including legal standards, effects on daily livinq, financial issues, and liability. A final section provides technical…