To experience this site in your native language, click below.

Para visitar este sitio web en su idioma nativo, haga clic a continuación.

要以您的母语体验此网站,请单击下方。

Para experimentar este site em sua língua nativa, clique abaixo.

Close
Mass Cultural Council logo
Home / Blog / Organizations / Guidance on Endowments During COVID-19

Guidance on Endowments During COVID-19

Anita Walker, Executive Director

Advisory from Mass Cultural Council and Attorney General's Office

Mass Cultural Council recognizes that in these unprecedented times, many cultural institutions are facing difficult questions about continued operations and pursuit of their charitable missions. We also recognize that cultural institutions may hold donor-restricted endowment funds and/or collections assets. The Massachusetts Office of the Attorney General has issued “Attorney General Guidance on Endowments for Charities Facing Financial Challenges Due to COVID-19.”

We urge cultural institutions that are looking to their asset portfolios in considering ways to fund continued operations to consult this guidance document and seek counsel from an attorney before taking any extraordinary steps. Further, we encourage cultural institutions to reach out to the Non-Profit Organizations/Public Charities Division of the Massachusetts Attorney General’s Office (the “Division”) to discuss the impact that restrictions may have on their plans. The Division may be reached at charities@mass.gov if you wish to arrange a time to discuss the needs of your organization.


Back to Top