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Not-for-Profit

Creative problem solvers facilitating seamless transactions.

Farrell Fritz attorneys have an uncommon depth of experience assisting not-for-profit organizations, such as private foundations and public charities, in all stages and aspects of their operations. Our ability to counsel the not-for-profit sector is enhanced by our attorneys, who serve as members of the board of directors of many not-for-profit organizations, including chairing such organizations. Many attorneys also have prior real-world business experience or advanced degrees in business, accounting, tax, and urban planning.

The breadth and depth of our collective experience allow us to advise many of this region’s largest and most substantial not-for-profit organizations including hospitals and healthcare entities, religious organizations, and community service entities. They seek our counsel on the myriad of issues that may arise in specific transactions or in connection with day-to-day activities, such as:

  • Corporate structure
  • Mergers
  • Joint ventures
  • Compensation
  • Employment
  • Dissolutions
  • Real estate
  • Tax planning

We also have counseled not-for-profits on issues related to excise taxes and the maintenance of their not-for-profit status, including private inurement and excess benefit transactions. We differentiate ourselves as creative problem solvers who facilitate transactions with a team approach that is seamless from our client’s perspective.

View Not-for-Profit PDF

Professionals

Robert C. Creighton

Partner
Uniondale

Charles M. Strain

Partner
Uniondale

Louis Vlahos

Partner
Uniondale

Bernadette Kasnicki

Associate
Uniondale

Articles & Advisories

Business Resources and Recovery

Businesses grappling with the economic impact of the ongoing COVID-19 crisis have the opportunity to apply for financial assistance through…

April 09, 2020

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FAQs Under The Paycheck Protection Program

As guidance continues to evolve, the Treasury Department has set up a Frequently Asked Questions (“FAQs”) page on their website.…

April 07, 2020

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SBA 7(a) Loans Under the Paycheck Protection Program

By: Louis Vlahos, Tax Partner The CARES Act established a new Paycheck Protection Program (the “PPP”) to allow small businesses…

April 04, 2020

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Paycheck Protection Program: What You Need To Know

To help businesses keep their workforce employed during the COVID-19 crisis, the recently enacted CARES Act established a new loan…

April 04, 2020

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From The Experts – The NY Nonprofit Revitalization Act of 2013 enacted some major changes to the rules governing not-for-profits in New York, (Part 1).

April 01, 2014

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Client Advisory: Governor’s Task Force on Not-for-Profit Entities Seeking Data on Compensation Levels

The Cuomo Administration’s Task Force on Not-For-Profit Entities (the “Task Force”) is sending a letter to not-for-profit organizations seeking detailed…

September 01, 2011

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News

How Nonprofit Organizations Can Benefit From the CARES Act

For taxpayers who itemize, deductions for charitable contributions are typically subject to a limit of 50 percent of adjusted gross…

April 03, 2020

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