Andrew M. Grumet
Partner
Overview
Andrew Grumet is part of a multidisciplinary Holland & Knight team of lawyers and nonprofit professionals who advise clients across the philanthropic sector. Working with clients around the globe, Andrew develops innovative transactions, structures and programs that advance their goals.
Andrew advises clients on complex structures and partnerships that combine philanthropic objectives with investment and business strategies. He is particularly known for advising on the legal and operational dimensions of donor-advised funds (DAFs) and guiding sophisticated organizations through novel and evolving legal and operational issues. His experience includes nonprofit/for-profit hybrids, impact investments, social and development impact bonds, and innovative incubator models.
His perspective reflects more than 25 years of experience extending well beyond his work as legal counsel. Andrew has served on numerous boards, held senior executive and legal roles for major philanthropic organizations, and helped secure transformative funding. This combination of legal, governance and operating experience gives him a practical understanding of the opportunities and challenges facing philanthropists and charitable organizations.
Andrew is an active speaker and media contributor whose insights have appeared in TIME, The New York Times, The Wall Street Journal and The International Herald Tribune, among others. He also served as an adviser to the American Law Institute's Restatement of the Law, Charitable Nonprofit Organizations, the first comprehensive restatement of the law governing charities.
Before joining Holland & Knight, he chaired the nonprofit organizations practice at a national law firm in New York. His combined legal, governance and operating experience enables him to advise clients with a practical understanding of the decisions they face.
Representative Experience
- Led team in the design and implementation of an innovative nonprofit/for-profit impact investment fund and foundation to advance women of color entrepreneurs
- Regularly advise boards with respect to creation, management and appropriation of endowments and restricted gifts
- Regularly advise charities in connection with compliance with state charitable solicitation laws and have led a team that provided registration services to numerous public charities with fundraising activities across the U.S.
- Regularly lead training sessions for board members, officers, staff and volunteers regarding best practices, fiduciary duties, legal developments, trends and techniques
- Regularly provide organizational audits of charities to assess not only financial strengths and deficiencies, but to determine the effectiveness of a charity's operations, governance and regulatory compliance
- Served as outside general counsel and third-party administrator to one of the largest charities managing donor-advised funds (DAFs) in the U.S.
- Served as counsel and general architect in the design, implementation and operation what was a first-of-its-kind joint venture among three large social service agencies in a major U.S. city that has become a model for numerous others; 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
- Led a team in structuring a new approach to creating affordable housing combining concepts from development impact bonds and opportunity zones
- Led a team in the structuring, negotiation and implementation of one of the largest U.S. exhibition and touring of the Dead Sea Scrolls
- Represented a museum in its acquisition of a picture constituting one of the largest art acquisitions in history
Credentials
- Villanova University Charles Widger School of Law, LL.M., Taxation
- Quinnipiac University School of Law, J.D.
- Syracuse University, B.A.
- New York
- Pennsylvania
- U.S. District Court for the Southern District of New York
- U.S. District Court for the District of New Jersey
- U.S. Tax Court
- The American Law Institute (ALI)
- Restatement of the Law, Charitable Nonprofit Organizations, The American Law Institute, Advisor
- American Bar Foundation, Fellow
- The Legal 500 USA, Tax – Not-For-Profit (Fortune 1000 Private Foundations, National Trade Associations and Charities), 2024; Leading Partner, Tax – Not-For-Profit (Fortune 1000 Private Foundations, National Trade Associations and Charities), 2026