Andrew M. Grumet

Partner at Locke Lord LLP

Andrew M. Grumet

Andrew M. Grumet

Partner at Locke Lord LLP

Biography

Andrew M. Grumet
Edwards Wildman Palmer LLP
Partner
agrumet@edwardswildman.com

New York
Tel 212.912.2753
Fax 888.325.9225



Tax-Exempt Organizations
Healthcare

Education

Villanova University Law School, LL.M., Taxation
Quinnipiac University School of Law, J.D.
Syracuse University, B.A.

Bar Admissions

New York
New Jersey

Court Admissions

U.S. District Court, Southern District of New York
U.S. District Court, District of New Jersey
U.S. Tax Court



Andrew M. Grumet concentrates his practice in the representation of domestic and international tax-exempt organizations, charitable giving and philanthropy. He has represented, among others, organizations ranging from domestic and international family foundations to public charities, schools, supporting organizations, museums, hospitals, religious organizations, community trusts and donor advised funds, trade associations, social clubs and social welfare organizations. Mr. Grumet regularly counsels organizations with respect to issues regarding formation and organizational structuring, compensation and excess benefit/self-dealing advice, corporate governance, fundraising and state solicitation regulatory matters, corporate policies, UBTI issues and investments, establishment and modification of endowments and restricted funds, fiduciary duties, domestic and international grantmaking, tax and financial reporting, planned giving and special events.

Mr. Grumet is frequently consulted by media outlets with respect to issues affecting nonprofit organizations. He has appeared in publications such as The Chronicle of Philanthropy, TIME magazine, the International Herald Tribune, the New York Times, and The Wall Street Journal, among others.

Notable Experience

Regularly provides advice and regulatory compliance services with respect to state solicitation laws and registration requirements, both initial and renewal, for numerous public charities with fundraising activities across the U.S.

Regularly provides continuing education to board members, officers, staff and volunteers regarding best practices, fiduciary duties, legal developments, trends and techniques.

Regularly provides organizational audits of charities to assess not only financial strengths and deficiencies, but to determine the effectiveness of a charity's operations and regulatory compliance.

Serve as outside general counsel to one of the largest donor advised fund in the U.S.

Worked on a transaction for a museum that included one of the largest art acquisitions in history.

Formed and acted as general counsel to numerous fundraising organizations raising funds for use in foreign countries.

Provided advice to national medical service organizations regarding excess benefit transactions with executive director.

Served as outside general counsel to national charity and individual state chapters in each state providing pooled special needs trust services to individuals.

Served as counsel and general architect in the design, implementation and operation of a first of its kind joint venture among three large social service agencies in a major U.S. city. This project culminated in the formation of a new charity to serve as a joint planned giving fundraising organization for the benefit of the participating social service agencies.

Assisted local, regional and national charities in the establishment of planned giving and major gift programs, including the creation of charitable gift annuity programs, pooled income funds and captive donor advised funds. These engagements often included assisting charities in establishing fundraising committees, appropriate gift acceptance policies and donor confidentiality policies, donor recognition and stewardship plans, as well as print, electronic and website based donor solicitation materials.


Media

"Reports the IRS Targeted Conservative Groups," Fox Business News, May 13, 2013.

"Oversight of Veterans Charity Is Questioned," quoted, The Wall Street Journal, March 18, 2013.

"A Sister’s Death Inspires the Birth of a Nonprofit Group," quoted, DailyWorth, March 8, 2013.

"Lance Armstrong’s Woes Haven’t Dampened Livestrong’s Fundraising So Far, Says CEO," quoted, The Chronicle of Philanthropy, October 24, 2012.

"Ethically Blindsided?" quoted, Association of Fundraising Professionals' Advancing Philanthropy, March/April 2012.

"For 92nd St. Y, a Break From Wall St. Worry," quoted, Dealbook, The New York Times, November 29, 2011.

"Charitable giving in US rebounds a bit after drop," mentioned, The Associated Press, June 20, 2011.

"Organizations May Apply To Regain Tax-Exempt Status After Automatic Revocation; Small Exempts Eligible For Transitional Relief," quoted, Standard Federal Tax Reports, Vol. 98, Issue No. 25, Report 25, June 16, 2011.

"Boys Club Takes Its Lumps," quoted, Wall Street Journal, April 15, 2011.

"Mass. Data Privacy Rules Could Affect How Charities Nationwide Do Business," quoted, The Chronicle of Philanthropy, March 7, 2010.

"GETTING PERSONAL: Nonprofits Increase ‘Gift Tax’ on Donors," Dow Jones Newswires, April 6, 2009.

"GETTING PERSONAL: Madoff Tax Fallout Could Touch Charities," Dow Jones Newswires, March 18, 2009.

"Battered Nonprofits Seek to Tap Their Nest Eggs," The Wall Street Journal, pA5, February 11, 2009.

GETTING PERSONAL: Nonprofits Revisit Investment Strategies, Dow Jones Newswires, December 16, 2008.

"Princeton settles battle over millions", quoted, Newark Star Ledger, December 11, 2008.

"States lift restrictions on spending by endowments," quoted, Investment News, April 7, 2008.

"Nonprofits easy targets for thievery," quoted, The San Diego Union Tribune, August 26, 2007.

"Bad Consultant Confidential," quoted, The Chronicle of Philanthropy, April 19, 2007.

"How Charities Can Get What They Want When They Hire Fund-Raising Consultants," quoted, The Chronicle of Philanthropy, April 19, 2007.

"Giving Back: An Investment with Meaning," quoted, Time magazine, March 29, 2007.

"Welcome to the Museum of My Stuff," quoted, The New York Times, February 18, 2007.

"When Private Collectors Go Public," quoted, International Herald Tribune, February 16, 2007.

"Burning Questions," quoted, The Star Ledger, December 1, 2006.

Recent Speaking Engagements and Publications
Speaking Engagements

"Giving USA 2011: The Annual Report on Philanthropy for the Year 2010," host and speaker, New York, New York, June 20, 2011.

"Collaboration in the Non-Profit World," panelist, New York, New York, June 8, 2011.

"Charitable Giving and Issues After Tax Reform Act of 2010," speaker, New Jersey Society of Certified Public Accountants (NJSCPA) Estate Planning Conference, West Orange, New Jersey, May 8, 2011.

"Philanthropy Today: The Use of Philanthropy in Your Client’s Estate and Wealth Planning," guest speaker, New York, New York, May 3, 2011.

"How to Raise Money for Your VC Fund from Non-Profits in 2011," moderator, ExecSense Webinars, April 12, 2011.

"Risk Management for Volunteer Programs," facilitator, Support Center for Nonprofit Management, New York, New York, March 8, 2011.

"Preparing Gift Acceptance Policies," speaker, Gift Planning Council of New Jersey, Hightstown, New Jersey, February 28, 2011.

"Tax Planning Techniques for Professionals for 2011," panelist, Summit Area YMCA, Summit, New Jersey, February 24, 2011.

"Collaboration in the Non-Profit World," speaker, February 2, 2011.

"Nonprofits in 2011: The 10 Things You Don't Know That Can Hurt You," speaker, National Constitution Center Audio Conference, January 12, 2011.

"What Does Privacy Law and Data Security Have to Do with Nonprofits?" presenter, Edwards Angell Palmer & Dodge Webinar, November 9, 2010.

"Are You Leaving Money on the Table: Everything a Tax-Exempt Organization Needs to Know About New Markets Tax Credits," presenter, Edwards Angell Palmer & Dodge Webinar, September 14, 2010.

"Giving USA's Annual Report on Philanthropy for the Year 2009," host and speaker, New York, New York, June 9, 2010.

"Advocacy and Lobbying Rules and Regulations for Nonprofits," Support Center for Nonprofit Management, New York, May 4, 2010.

"Nonprofits and the Operation: An Introduction and a Refresher," Nonprofit Helpdesk: City Council Capacity Building and Compliance Training, New York, New York, April 14, 2010.

"The Ethics of Fundraising," Support Center for Nonprofit Management, New York, New York, October 14, 2009.

"Risk Management for Volunteer Programs," Support Center for Nonprofit Management, New York, New York, September 22, 2009.

"Legal Issues Overview," Support Center for Nonprofit Management, New York, New York, August 12, 2009.

"Nonprofit Governance," Nonprofit Helpdesk Workshop Series for DYCD Discretionary Staff Unit, New York, New York, April 20, 2009.

"Financial and Organizational Literacy for Nonprofit Boards and Executive Directors and the New 990," Mental Health America Affiliate Training, Webinar, March 24, 2009.

"A Roadmap to Building a Successful Planned Giving Program," MidAtlantic Association of Museums, Washington, D.C., October 27, 2008.

"A Roadmap for Board Responsibility," Staten Island Economic Development Corporation, Staten Island, New York, May 5, 2008.

"Financial and Organizational Literacy for Nonprofit Boards and Executive Directors," Mental Health America Affiliate Training, Webinar, March 19, 2009.

"Introduction to the Nonprofit Sector," Nonprofit Helpdesk Workshop Series for DYCD Discretionary Staff Unit, New York, New York, February 23, 2009.

"Protect Yourself: A Primer on Guidelines and Policies," Support Center for Nonprofit Management, New York, New York, January 31, 2008.

Overview
Career Highlights

Economic Club of New York

RelSci Relationships

1961

Number of Boards

2

Relationships
RelSci Relationships are individuals Andrew M. Grumet likely has professional access to. A relationship does not necessarily indicate a personal connection.

Vice Chair & Chief Executive Officer at New Jersey Health Foundation, Inc.

Relationship likelihood: Strong

Director at New Jersey Health Foundation, Inc.

Relationship likelihood: Strong

Board Member at New Jersey Health Foundation, Inc.

Relationship likelihood: Strong

Dean at University of Medicine and Dentistry New Jersey - Dental School

Relationship likelihood: Strong

Former Director at New Jersey Health Foundation, Inc.

Relationship likelihood: Strong

Clinical Professor of Pharmacology at Fairleigh Dickinson University

Relationship likelihood: Strong

Executive Vice President at New Jersey Health Foundation, Inc.

Relationship likelihood: Strong

Dean & Chancellor at Ross University - School of Medicine

Relationship likelihood: Strong

Principal at Brian Perkins Ventures

Relationship likelihood: Strong

Co-Founder at Windham Venture Partners

Relationship likelihood: Strong

Paths to Andrew M. Grumet
Potential Connections via
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You
Andrew M. Grumet
Partner at Locke Lord LLP
Education
J.D.

Quinnipiac University School of Law is the law school of the Quinnipiac University. The School is the youngest law school in the U.S. state of Connecticut, having received full accreditation from the American Bar Association in 1995. It is a member of the Association of American Law Schools. It is currently ranked 134th by U.S. News & World Report for 2014.

LL.M. in Taxation

Since its founding in 1953 as part of Villanova University, Villanova Law had educated more than 10,000 lawyers who have taken their place in the profession. You will find them on the benches in federal and state court houses; as members of state and federal legislatures and in high government office (the former governor of Pennsylvania is a VLS grad); leading corporations, major law firms and public interest agencies; teaching and writing; and practicing at the very highest levels. Learn more about our history. Villanova is at once modern, yet rooted in tradition.

B.A.

Syracuse University, commonly referred to as Syracuse, 'Cuse, or SU, is a private research university located in Syracuse, New York. The institution's roots can be traced to the Genesee Wesleyan Seminary (later becoming Genesee College), founded by the Methodist Episcopal Church in Lima, New York, in 1831. Following several years of debate over relocating the college to Syracuse, the university was established in 1870, independent of the college. Since 1920, the university has identified itself as nonsectarian, although it maintains a relationship with The United Methodist Church. The campus is located in the University Hill neighborhood of Syracuse, east and southeast of downtown, on one of the larger hills. Its large campus features an eclectic mix of buildings, ranging from nineteenth-century Romanesque Revival structures to contemporary buildings. SU is organized into 13 schools and colleges, with nationally recognized programs in information studies and library science, architecture, communications, business administration, sport management, public administration, engineering and the College of Arts and Sciences. Syracuse University athletic teams, known as the Orange, participate in 20 intercollegiate sports. SU is a member of the Atlantic Coast Conference for all NCAA Division I athletics, except for women's ice hockey, and the rowing team. SU is also a member of the Eastern College Athletic Conference.

Career History
Counsel
Current

The Economic Club of New York is a membership organization with members drawn from the top executive levels of business, industry and finance. The Club is nonpolitical, nonpartisan and nonprofit. Founded in 1907, the Club has served ever since as a major forum for discussion on a wide range of public issues of interest to business people.

Partner
Current

Locke Lord is a full-service, international law firm of 20 offices designed to meet clients’ needs around the world. The Firm has a history that spans more than 130 years and is a worldwide leader in the middle market sector. Locke Lord advises clients across a broad spectrum of industries including energy, financial services, fund formation, health care, insurance and reinsurance, private equity and venture capital, public finance, real estate, and technology, media and telecommunications, while providing a wealth of experience through its complex litigation, intellectual property, tax, regulatory and transactional teams.

Partner
Current

Drinker Biddle & Reath LLP provides legal services in areas such as corporate and securities, corporate restructuring, investment management, health care, real estate, environment and energy, employee benefits and executive compensation, commercial litigation, life insurance and annuities, insurance coverage, labor and employment, intellectual property, government and regulatory affairs, communications litigation, products liability and mass tort litigation, and private client services. The company was founded in 1849 and it is headquartered in Philadelphia, PA.

Boards & Committees
Independent Trustee
Tenure Unconfirmed
Political Donations
$500
2010

The Democratic Senatorial Campaign Committee is the only organization solely dedicated to electing a Democratic Senate. From grassroots organizing to candidate recruitment to providing campaign funds for tight races, the DSCC is working hard all year, every year to elect Democrats – and give President Obama the help he needs on Capitol Hill to move our country forward.

This web site is not endorsed by, directly affiliated with, maintained, authorized, or sponsored by Andrew M. Grumet. The use of any trade name or trademark is for identification and reference purposes only and does not imply any association with the trademark holder. The Presence of Andrew M. Grumet's profile does not indicate a business or promotional relationship of any kind between RelSci and Andrew M. Grumet.