Join Aronson's association experts at the Associations @ Work conference from October 16th–17th in Baltimore, MD. This conference will addresses the interrelated business functions—executive management, finance, development, operations, human resources, and fundraising—in associations. Associations will learn how to keep pace with the changing demands of the marketplace and create efficiencies by solving cross-functional operational challenges.
Our team is excited to lead the following sessions:
On Monday, October 16th, Melissa Musser will lead a table topic discussion on Enterprise Risk Management (ERM) and Michael Colavito Jr. will lead a table topic discussion on state and local tax.
Are Your IT Cybersecurity Contracts Exposing You to Unnecessary Risks?
Many cyber attacks are caused by third party IT vendors. Is your cybersecurity protection fireproof? Join association experts Melissa Musser and William Tanenbaum of Arent Fox LLP on Tuesday, October 17th from 9:45 a.m.–10:45 a.m. as they explore real-world contempory scenarios that will address possible risks to which you may unknowingly be exposed. Learn how to prepare a cybersecurity plan for board approval and develop a check list of requirements to ensure that existing and new IT contracts adequately protect you from current threats.
Endowments from A to Z: What You Need to Know
Partners Greg Plotts and Craig Stevens are excited to lead the session “Endowments from A to Z: What You Need to Know” on Tuesday, October 17th from 2:00 p.m.–3:00 p.m. Associations should consider creating an endowment to provide long term financial stability for their organization. This session will give organizations a comprehensive look at the world of endowments from raising the money to investing, spending, accounting, and reporting endowments to satisfying legal requirements.
Main topics of discussion include:
- Pros and cons of creating an endowment
- Legal rules affecting endowments such as the Uniform Prudent Management of Institutional Funds Act (UPMIFA)
- Investment management
- Proper accounting for endowments under GAAP
- Spending rates and Board authorizations
- Proper financial reporting
- Donor reporting and stewardship