Taxation & Wealth Planning

Nonprofit Organizations


Richard S. Caputo of Fox Rothschild LLP Gives Presentation to the Association of Fundraising Professionals Berks Regional Chapter

April 26, 2012 – Press Releases

Richard S. Caputo, partner and chair of the Nonprofit Organizations Practice at Fox Rothschild LLP, recently presented “Pitfalls and Opportunities of Unique Fundraising Vehicles: Charitable Trusts, Private Foundations, Supporting Organizations and Unrelated Businesses” to the Association of Fundraising Professionals Berks Regional Chapter at Alvernia University on April 4.

Caputo discussed the basics of charitable trusts, explained how trustees of charitable trusts can eliminate or reduce the amount of income and excise taxes that such trusts pay and provided suggestions as to how charities can increase the amount of distributions they receive from charitable trusts. Caputo then provided insight into why charities should solicit private foundations each year and why supporting organizations have become more prevalent in the planned giving world. Caputo then explained why charities form for-profit corporations to operate their unrelated businesses.

Caputo focuses his practice on tax-exempt organizations, trust administration, Orphans’ Court litigation and estate planning. He forms public charities, private foundations and supporting organizations; addresses tax-exempt compliance issues such as self-dealing, taxable expenditure responsibility, excess business holdings and intermediate sanctions; assists corporate fiduciaries in obtaining tax-exempt status for their charitable trusts; represents corporate fiduciaries in Orphans’ Court proceedings; and prepares estate planning documents.

Caputo is experienced in preparing Form 1023 applications, Petitions for Adjudications, Petitions to Terminate, Petitions to Reform, Cy Pres Petitions, Guardianship Petitions and Non-Judicial Settlement Agreements, structuring compensation arrangements and preparing estate planning documents.

A regular speaker on topics concerning charitable trust administration and philanthropy, Caputo regularly presents to tax-exempt clients and corporate fiduciaries and has spoken for the Berks, Lancaster, Lehigh, Bucks and Chester County Bar Associations, the Berks, Chester and Montgomery County Planning Estate Councils, the Philadelphia Estate Planning Council, the Committee of Banking Institutions on Taxation, the Fiduciary Education Foundation, the PBA Wealth Management & Trust Conference, the Pennsylvania Bar Institute and the Partnership for Philanthropic Planning of Greater Philadelphia.

Caputo is a member of the American Bar Association and its Tax-Exempt Organizations Committee, the Pennsylvania Bar Association and the Berks County Bar Association. A resident of Berks County, he is a director of Olivet Boys and Girls Club, a director of the Gilmore-Henne Community Fund, a director of the Wilson Education Foundation. and until recently, was a member of the advisory board of The Pennsylvania State University Berks Campus and was the president and a director of The Berks County Chapter of the Pennsylvania State University Alumni Association.

Caputo received his LL.M. in Taxation from Villanova University School of Law in 2001, his J.D. from The Dickinson School of Law in 1997 and his B.S. from The Pennsylvania State University in 1994.