ELS26: Fundamentals of College and Nonprofit Endowments

ELS26: Fundamentals of College and Nonprofit Endowments

Recorded On: 02/17/2026

Only available as part of a package
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Experts will cover how endowments are managed to provide a steady and reliable source of funding over the long term. This session will also explain the basic structure of endowment funds; laws governing endowments, donor restrictions and governance; investment management; and current economic and political pressures that impact endowments. 

Recording

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

Supported by:

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Sue Menditto

Senior Director, Accounting Policy

NACUBO

Sue Menditto is NACUBO’s expert on financial accounting and reporting, managerial analysis, and financial viability. She is charged with fulfilling higher education advocacy needs with the GASB, FASB, AICPA, and Department of Education. She was appointed to the IPEDS Finance Survey Workgroup in August 2023 as one of its financial reporting experts. She has also represented higher education on the Governmental Accounting Standards Advisory Council (2006–2012), AICPA’s Revenue Recognition Task Force (2016–2017), and the Department of Education’s financial responsibility subcommittee (2017–2018).

Menditto informs the association’s research efforts on accounting issues, endowment management, and tuition discounting; writes member communications: news, advisories, accounting tutorials, and articles; and supports members’ professional development needs by providing subject matter guidance. She has also co-authored chapters of publications addressing accounting, public health, and analytics and regularly speaks on accounting and financial management topics at conferences.

Menditto began her career in public accounting, was a CFO and Controller for a not-for-profit organization, and a vice president for Bank of America where she specialized in change management and accounting policy. She holds degrees in psychology and accounting and is a certified public accountant.  

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.

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ELS26: Fundamentals of College and Nonprofit Endowments
02/17/2026 at 2:00 PM (EST)  |  Recorded On: 02/17/2026  |  61 minutes
02/17/2026 at 2:00 PM (EST)  |  Recorded On: 02/17/2026  |  61 minutes
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Bank of America has been a leading investment advisor to endowments and foundations for over 160 years. With approximately $94B1 in institutional nonprofit and private foundation assets under management, our dedicated team of approximately 190 professionals located in offices throughout the United States supports your mission with a comprehensive suite of fiduciary services, including:

  • Tailored investment services - We build customized investment programs designed to serve as an extension of your staff, supporting your institution’s spending needs. We take into account your income objectives, risk tolerance and liquidity requirements while observing the highest standards of fiduciary responsibility. Investment decisions are made using a total portfolio approach in which the objective is not simply to outperform benchmarks but to help meet a broad spectrum of goals for your institution.
  • Consulting and advisory support - Fulfilling your institution’s mission goes beyond a successful investment program. Our specialists provide assistance with other important matters that are essential in helping you to meet your goals —governance, Board education and assessment, and fundraising strategies, among others.
  • Administrative support - We help you to optimize your staff resources and ensure compliance with regulatory requirements by establishing operational protocols and developing and implementing policies and procedures to improve your institution’s administrative efficiency.

Resources

Thought leadership

 Bank of America Private Bank

Bank of America

Contacts

1 Bank of America. Global Wealth and Investment Management (GWIM), the wealth and investment management division of Bank of America Corporation. As of December 31, 2025, GWIM had approximately $62.5 billion in client assets for institutional nonprofit clients. Client assets consists of the following assets of nonprofit clients held in their GWIM accounts: assets under management (AUM) of GWIM entities, client brokerage assets, assets in custody of GWIM entities, deposits of GWIM clients held at Bank of America, N.A. and affiliated banks and assets in custody included in AUM. Bank of America. Global Wealth and Investment Management (GWIM), the wealth and investment management division of Bank of America Corporation. As of December 31, 2025, GWIM had approximately $31.4 billion in client assets in private foundation accounts. Client assets consists of the following assets of private foundation clients held in their GWIM accounts: assets under management (AUM) of GWIM entities, client brokerage assets, assets in custody of GWIM entities, deposits of GWIM clients held at Bank of America, N.A. and affiliated banks and assets in custody included in AUM.