Fund agreements are critical legal documents that govern how a community foundation operates. This webinar will review the key elements of a fund agreement, share ideas for creating fund agreements that work over time, and cover a range of fund management policies, including successor generations for donor-advised funds, inactive funds, memorial funds, and donor-initiated fundraising.
Phil Purcell, CFRE, MPA/JD
Consultant for Philanthropy, LLC
Senior Counsel for Philanthropy for the Fellowship of Catholic University Students (FOCUS)
Adjunct Faculty, Indiana University Maurer School of Law and Lilly School of Philanthropy
Phil teaches courses on Law and Philanthropy, Nonprofit and Tax Exempt Organization Law and Planned Giving as adjunct faculty for the Indiana University School of Law (Bloomington) and Indiana University Lilly School of Philanthropy and Fundraising School (Indianapolis). Phil serves as a member of the Tax Exempt Organization Advisory Council for the Internal Revenue Service (Great Lakes states) and has served on the board of directors for the Partnership for Philanthropic Planning and Association of Fundraising Professionals Indiana. He is an attorney and member of the American and Indiana State Bar Associations. Phil received his B.A. degree from Wabash College and his J.D. and M.P.A. degrees from Indiana University.
Phil provides guidance on the federal law of philanthropy and tax exempt organizations including community foundation qualifications, governance, types of funds, fund agreements, planned giving (including gifts and assets), donor advised funds, scholarship programs, fiscal sponsorship, disaster relief, supporting organizations, program related investments, unrelated business income tax, lobbying, and more. He is a community foundations national standards reviewer and a Certified Fundraising Executive with over twenty years of fundraising experience on behalf of all types of organizations, including community foundations. Phil is a licensed attorney in Indiana. While is not licensed in other states, and state laws can vary, he is able to provide expert guidance on the Uniform Prudent Management of Institutional Funds Act, Model Nonprofit Corporation Act, unincorporated associations, charitable trust law, benefit corporations, state fundraising registration, charitable gaming, and other applicable state laws.
Free for IPA/GIFT Members
$35 for Tri-State Partnership Members (MI, OH)
$50 for Members of Other Associations
The Tri-State Community Foundation Webinar Series is a program offering made possible through a partnership between Indiana Philanthropy Alliance/GIFT, Council of Michigan Foundations, and Philanthropy Ohio. These webinars are designed for, but not exclusive to, community foundations.