A Call for Comments

The National Conference of Commis-sioners on Uniform Laws is busy redrafting the model rules that control how charitable organizations manage their funds. Significant proposed changes include: eliminating the requirement that charities hold on to the amount that benefactors originally donate (historical dollar value); allowing charities to ignore donors' spending restrictions on their contributions;

The National Conference of Commis-sioners on Uniform Laws is busy redrafting the model rules that control how charitable organizations manage their funds. Significant proposed changes include: eliminating the requirement that charities hold on to the amount that benefactors originally donate (historical dollar value); allowing charities to ignore donors' spending restrictions on their contributions; and incorporating risk-return parameters into portfolio management.

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