ELS24: Fundamentals of College and Nonprofit Endowments

ELS24: Fundamentals of College and Nonprofit Endowments

Recorded On: 02/08/2024

plant growing in missing puzzle piece

Even among those with years of higher education experience, endowments and how they work can be challenging to describe. Experts will explain the legal and governing structure of endowment funds and how they are managed to provide colleges, universities, and other nonprofit organizations with a steady and reliable source of funding over the long term. This session explores the basic structure of endowments and covers how they are managed to support current operations without shortchanging the future.

Learning Objectives

After this session, you will be able to—

  • Describe the importance of endowment funds for scholarships, faculty, research, public service, and campus infrastructure
  • Recognize the long-term objectives of investment practices and policies
  • Identify pros and cons of in-house versus outsourced investment management
  • Explore current issues impacting endowments such as socially conscious investing


This session will be recorded. Registrants will receive an email when the recording is available.


This session in the 2024 Endowment Leadership Series is supported by:

Bank of America

CPE Available: 1.5 Credits in Finance

Each individual must register and attend separately to earn credit.


NACUBO is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website www.nasbaregistry.org

Event Information

  • Level: Intermediate
  • Prerequisites: Minimum 1-2 years of experience as a professional in higher education or a related private industry.
  • Advanced Preparation: None
  • Delivery Mode: Group internet based
  • Field of Study: Finance
  • Length: 75 minutes

How to Earn CPE Credit

CPE credit is awarded per session. You can only earn credit for attending a session live. CPE credit cannot be earned for watching the recordings.

To earn CPE credit, you will complete the following tasks under the Content tab, after the session has ended:

  1. Pass the CPE codeword quiz. Write down the codewords posted in the Zoom chat at random times throughout the session and complete the quiz at the end of the session. 
  2. Submit the CPE check-out code displayed at the end of the session. 
  3. Download your CPE certificate. 

You have until 5 pm Eastern Time on February 9 to complete these three steps or report technology issues with this site to online@nacubo.org.

For more detailed instructions, review the CPE Instructions page.

William Jarvis

Managing Director and Philanthropic Executive

Bank of America

William Jarvis is managing director and philanthropic executive at Bank of America Private Bank, where he heads strategic-thought leadership for institutional and private nonprofit organizations. An authority on investment policy and governance for endowed nonprofit organizations, Jarvis brings 41 years of experience to this role. Jarvis is the managing editor of the Bank of America Study of Philanthropy and the author of numerous white papers on investment policy and endowment governance.

Prior to joining Bank of America in 2017, Jarvis served as the executive director of the Commonfund Institute. In 2021, Jarvis was honored with NACUBO’s Rodney H. Adams Endowment Management Award for outstanding individual contributions to professional development activities in the area of college and university endowment and investment management.

Jarvis holds a B.A. in English literature from Yale University, a J.D. from the Northwestern University School of Law, and an M.B.A. from the J.L. Kellogg Graduate School of Management. Jarvis does not provide legal advice in his role at Bank of America.

Liz Clark

Vice President, Policy and Research


Liz LaPolt Clark is vice president for policy and research at NACUBO and a member of the NACUBO executive leadership group. She has been widely quoted in the press and is a sought-after speaker on how Washington politics and federal policies impact higher education. Clark got her start on Capitol Hill opening Cornell University's first Washington, DC-based federal relations office. Also in her career, she has led federal affairs for the State University of New York (SUNY) System and for Oregon State University. At NACUBO, she heads the team responsible for analysis of federal regulatory and legislative actions, research, and communications.


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ELS24: Fundamentals of College and Nonprofit Endowments
02/08/2024 at 2:00 PM (EST)  |  Recorded On: 02/08/2024  |  75 minutes
02/08/2024 at 2:00 PM (EST)  |  Recorded On: 02/08/2024  |  75 minutes The Zoom room will open 15 minutes before the start time. To enter the room, click “Enter Session.”