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5.0/5.0 Review for Andrew Davis by a Partner on 03/05/14 in Environmental Law
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5.0/5.0 Review for J. Dormer Stephen III by a Associate/Assistant General Counsel on 09/19/13 in Private Equity
Insurance and Reinsurance, Litigation
Shipman & Goodwin represents a large and diverse group of institutional, not-for-profit clients, including hospitals and other healthcare facilities and organizations, colleges and universities, secondary schools and other educational organizations, private foundations, social clubs, cemetery associations, trade associations, fraternal organizations and quasi-governmental entities. The firm has committed substantial resources over many years to establish a broad and comprehensive array of legal services designed to meet every need of this clientele. These services include:
Uniform Prudent Management of Institutional Funds Act (UPMIFA)
The Uniform Prudent Management of Institutional Funds Act (UPMIFA) provides guidance and authority to charitable organizations concerning the management, investment and expenditure of funds held by those organizations and UPMIFA imposes additional duties on those who manage and invest charitable funds as well as on the Boards of non-profit organizations who authorize spending decisions. These duties provide additional protections for charities and also protect the interests of donors who want to see their contributions used wisely.
Shipman & Goodwin Partner Barry C. Hawkins has conducted educational programs about UPMIFA in more than 20 states and testified in the legislatures of many others. He has been quoted in The Wall Street Journal, New York Times, and several dozen regional newspapers and national journals on UPMIFA.
UPMIFA modernizes the rules governing expenditures from endowment funds, both to provide stricter guidelines on spending from endowment funds and to give institutions the ability to cope more easily with fluctuations in the value of the endowment by authorizing the substitution of prudent spending rules for the previously inflexible requirements for maintaining historical dollar value.
Finally, UPMIFA updates the provisions governing the release and modification of restrictions on charitable funds to permit more efficient management of these funds. These provisions derive from the approach taken in the Uniform Trust Code (UTC) for modifying charitable trusts. Like the UTC provisions, UPMIFA’s modification rules preserve the historic position of the attorneys general in most states as the overseers of charities.
5.0/5.0 Review for Andrew Davis by a Partner on 03/05/14 in Environmental Law
5.0/5.0 Review for J. Dormer Stephen III by a Associate/Assistant General Counsel on 09/19/13 in Private Equity
Shipman & Goodwin is committed to diversity and inclusiveness within the firm, the legal profession and the community. We value the unique backgrounds and distinct contributions of all individuals; our deep commitment is reflected in our efforts to promote understanding, advancement and empowerment.
Our firm management, Diversity Committee and other key members of the firm collaborate to emphasize action. We support ongoing initiatives to recruit, mentor and retain a diverse team of attorneys and staff. We sponsor organizations and develop events that share perspectives and raise awareness of diversity issues facing organizations and the community. We serve as leaders and partner with others to increase diversity in the legal profession.
Scott Murphy, Managing Partner
Gabriel Jiran, Diversity Committee Chair
Lyn Walker, Diversity Partner
Women attorneys and clients prosper at the firm. Nearly half our associates, 30 percent of our partners and many of our most valued clients are women. To celebrate this array of accomplished women, we are proud to present the Women at the Helm Breakfast Series. Our goal is to bring together diverse and talented women to share ideas and inspiration. At each seminar, a dynamic woman in business, government, medicine, education or the arts will share her insights and experience.
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