NYCBA To AddressChallenges Facing Charitable Organizations

Monday, November 2, 2009 - 00:00

The New York City Bar Association has scheduled a CLE seminar that will examine the difficulties charitable organizations face in these difficult economic times. Challenges Facing Charitable Organizations with Underwater Endowments has been scheduled for Thursday, December 3, from 9 a.m. until noon at the New York City Bar, 42 West 44th Street in New York.

Charities are facing steep drops in their endowment funds due to dramatic market declines. The program will address the legal issues and limitations confronting charities and their attorneys when the value of an endowment fund drops below its value on the date it was given to the charity. Pending legislation dealing with this problem will also be addressed.

The faculty for this program are Ian J. Benjamin, McGladrey & Pullen, LLP; Victoria B. Bjorklund, Simpson Thacher & Bartlett LLP; Carl L. Distefano, assistant attorney general and section chief, Charities Bureau, Office of the NYS Attorney General; and Jennifer I. Reynoso, Simpson Thacher & Bartlett LLP.

For information see CLE Events at The Metropolitan Corporate Counsel website at

To make a reservation, call (212) 382-6663 or go to