The Rhode Island Historical Society

“Collection items include furnishings, documents, publications, paintings, art, and other items. The collection items are held for public exhibition and education in furtherance of public service. They are protected, kept unencumbered, cared for and preserved to the greatest extent possible within the society's resources. The society's policy requires that the proceeds from the sales of collection items be used solely for acquisitions of other items for collection or care of collection items. In line with the best and most ethical practices, and in accordance with both the american alliance of museums and the american association of state and local history, the society does not capitalize its collections. However, management considers the value of the collection items to be so significant as to be priceless.”

“Collection items include furnishings, documents, publications, paintings, art, and other items. The collection items are held for public exhibition and education in furtherance of public service. They are protected, kept unencumbered, cared for and preserved to the greatest extent possible within the society's resources.”

“The trustees manage the endowment in a manner that, over the long-term, will ensure that the endowment assets will appreciate so that, at a minimum, they keep pace with the effects of inflation while assuming a moderate level of risk. To satisfy its long-term rate-of-return objectives, the society relies on a total return strategy whereby investment returns are achieved through both capital appreciation (realized and unrealized) and current yield (interest and dividends). The society targets a diversified asset allocation that places a greater emphasis on equity-based investments to achieve its long-term return objectives within a reasonable risk tolerance. The society's investment policy is expected to enhance the real purchasing power of the endowment while maintaining its ability to meet current obligations. The society's intermediate to long-term investment objective is to maintain purchasing power so that levels of services and programs are maintained in relation to average cost increases. The society's spending policy guides its use of endowment earnings. The spending policy determines the amount that can be withdrawn from the endowment to support the society's operations and restricted purposes. The spending policy is reviewed annually by the trustees in consultation with the finance and investment committees. In consideration of economic conditions, institutional endowment objectives and operational funding needs, the spending policy is adjusted by the trustees as determined to be necessary to comply with upmifa's prudency requirements.”

“The society evaluates its uncertain tax positions using guidance for contingencies as contained in u.s. Generally accepted accounting principles. The society was not aware of any uncertain tax positions that were not provided for in the financial statements.”

“Special event expenses 23,946.”

“Special event expenses 23,946.”