Schulte Roth & Zabel partner Andi Mandell authored a compelling piece for Bloomberg Law titled, “Nonprofits Would Gain Lifeline With Pro Bono Help From Tax Pros.”
Andi, who serves on the board of directors of the Gary Sinise Foundation and Friends of Firefighters, illustrated that the nonprofit sector is a critical part of the US civic infrastructure, and nonprofit organizations play a vital role in delivering services, strengthening communities and facilitating civic engagement. She noted, however, that nonprofits have taken serious financial hits in recent years due to macroeconomic turbulence.
Andi highlighted how tax attorneys are uniquely positioned to support nonprofits as they hold a tactile skill set that is invaluable to nonprofits who rely on tax structures to support their mission and encourage donorship as well as help nonprofits apply for tax-exempt status and navigate the complicated rules to ensure continued qualification.
She wrote, “The guidance a tax professional can provide through pro bono consulting and board volunteering will help nonprofits achieve fiscal stability and enable them to serve populations that are most in need.”
Read the article here.