Warning: "continue" targeting switch is equivalent to "break". Did you mean to use "continue 2"? in /home1/rcfs/public_html/wp-content/plugins/revslider/includes/operations.class.php on line 2858

Warning: "continue" targeting switch is equivalent to "break". Did you mean to use "continue 2"? in /home1/rcfs/public_html/wp-content/plugins/revslider/includes/operations.class.php on line 2862

Warning: "continue" targeting switch is equivalent to "break". Did you mean to use "continue 2"? in /home1/rcfs/public_html/wp-content/plugins/revslider/includes/output.class.php on line 3708

Warning: Cannot modify header information - headers already sent by (output started at /home1/rcfs/public_html/wp-content/plugins/revslider/includes/operations.class.php:2858) in /home1/rcfs/public_html/wp-includes/rest-api/class-wp-rest-server.php on line 1893

Warning: Cannot modify header information - headers already sent by (output started at /home1/rcfs/public_html/wp-content/plugins/revslider/includes/operations.class.php:2858) in /home1/rcfs/public_html/wp-includes/rest-api/class-wp-rest-server.php on line 1893

Warning: Cannot modify header information - headers already sent by (output started at /home1/rcfs/public_html/wp-content/plugins/revslider/includes/operations.class.php:2858) in /home1/rcfs/public_html/wp-includes/rest-api/class-wp-rest-server.php on line 1893

Warning: Cannot modify header information - headers already sent by (output started at /home1/rcfs/public_html/wp-content/plugins/revslider/includes/operations.class.php:2858) in /home1/rcfs/public_html/wp-includes/rest-api/class-wp-rest-server.php on line 1893

Warning: Cannot modify header information - headers already sent by (output started at /home1/rcfs/public_html/wp-content/plugins/revslider/includes/operations.class.php:2858) in /home1/rcfs/public_html/wp-includes/rest-api/class-wp-rest-server.php on line 1893

Warning: Cannot modify header information - headers already sent by (output started at /home1/rcfs/public_html/wp-content/plugins/revslider/includes/operations.class.php:2858) in /home1/rcfs/public_html/wp-includes/rest-api/class-wp-rest-server.php on line 1893

Warning: Cannot modify header information - headers already sent by (output started at /home1/rcfs/public_html/wp-content/plugins/revslider/includes/operations.class.php:2858) in /home1/rcfs/public_html/wp-includes/rest-api/class-wp-rest-server.php on line 1893

Warning: Cannot modify header information - headers already sent by (output started at /home1/rcfs/public_html/wp-content/plugins/revslider/includes/operations.class.php:2858) in /home1/rcfs/public_html/wp-includes/rest-api/class-wp-rest-server.php on line 1893
{"id":22,"date":"2019-11-19T16:41:39","date_gmt":"2019-11-19T16:41:39","guid":{"rendered":"https:\/\/rolandcriss.com\/?page_id=22"},"modified":"2019-12-09T18:28:23","modified_gmt":"2019-12-09T18:28:23","slug":"risk-management-foundations","status":"publish","type":"page","link":"https:\/\/rolandcriss.com\/risk-management-foundations\/","title":{"rendered":"Risk Assurance for Endowments and Foundations"},"content":{"rendered":"

[et_pb_section fb_built=”1″ _builder_version=”4.0.6″][et_pb_row _builder_version=”4.0.6″][et_pb_column type=”4_4″ _builder_version=”4.0.6″][et_pb_text _builder_version=”4.0.6″]<\/p>\n

Risk Assurance for Endowments and Foundations<\/h1>\n

[\/et_pb_text][et_pb_image src=”https:\/\/rolandcriss.com\/wp-content\/uploads\/2019\/12\/FoundationEndowmentPillars-cropped.jpg” _builder_version=”4.0.6″ width=”100%”][\/et_pb_image][\/et_pb_column][\/et_pb_row][et_pb_row column_structure=”1_2,1_2″ _builder_version=”4.0.6″][et_pb_column type=”1_2″ _builder_version=”4.0.6″][et_pb_text _builder_version=”4.0.6″]<\/p>\n

Endowments and foundations need better tools, defined standards of conduct, and reduced reporting costs in order to stay ahead of the risks they face.<\/strong><\/h5>\n

A risk management framework is a system that aims to match information and activity in order to operate a nonprofit for the maximum benefit of its constituents, lighten the load on heavily tasked staff, enable early warning of errors of commission and omission, and avoid investment related oversights.<\/p>\n

Our governance, risk management, and compliance (\u201cGRC\u201d) consultations are based on the\u00a0COSO framework<\/a>\u00a0and the fiduciary standards published in the\u00a0Stewardship<\/a><\/em><\/strong> Fiduciary Standards<\/a>Excellence<\/a><\/em> Guidelines for Endowments and Foundations<\/a><\/em><\/strong>.<\/p>\n

COSO is recognized as the leading guidance for designing, implementing and conducting internal control and assessing its effectiveness.<\/p>\n

The fiduciary standard was developed by a nonprofit industry task force whose mission achieved a compliance framework for the Uniform Prudent Management of Institutional Funds Act (\u201cUPMIFA\u201d).<\/p>\n

Roland|Criss helps nonprofits achieve confident assurance with:<\/p>\n

\n