Charitable Endowment Fund Prudence Standards
Current understanding
To be populated as evidence accumulates.
Evidence log
- 2026-07-03 — Businesses: charitable organizations; rebuttable presumption of imprudence for certain expenditures from an endowment fund; provide for. Amends sec. 4 of 2009 PA 87 (MCL 451.924).: HB6207 (103rd Legislature) introduced to amend sec. 4 of 2009 PA 87 (MCL 451.924), establishing a rebuttable presumption of imprudence for certain expenditures from charitable endowment funds under the Uniform Prudent Management of Institutional Funds Act. (novelty: 2)
Open questions
Related
Contributing findings
Businesses: charitable organizations; rebuttable presumption of imprudence for certain expenditures from an endowment fund; provide for. Amends sec. 4 of 2009 PA 87 (MCL 451.924).
03-jul-2026
novelty 2
per-area 2
strengthens