Nonprofit Accounting and Charitable Gift Management

Nonprofit entities face special demands in their accounting and tax compliance because the special benefits that come from non-profit recognition also carry special obligations. We assist clients in ensuring that their record-keeping and accounting methods are appropriate, their tax filings are handled correctly, and charitable gifts are properly managed. Charitable gift management is a particular concern because many nonprofit entities lack the staff and know-how to ensure that the entity’s interests in promised gifts—such as bequests from a decedent, promises made by a donor, and beneficial interests in a charitable trust—are protected. Our unique background in corporate, tax, nonprofit, and estate planning and probate law make us exceptionally well-equipped to assist in these matters.