Renewed Push for Universal Charitable Deduction
14 Mar 2023
Nonprofit Chief Financial Officer (CFO)
Nonprofit CFOs safeguard financial health, oversee compliance, and provide strategic insight to sustain growth and mission impact.
Beyond managing budgets, CFOs ensure compliance with tax and regulatory requirements, oversee audits, monitor cash flow, and guide endowments, investments, and major transactions. They also advise boards on risk, governance, and strategic growth. At For Purpose Law Group (FPLG), we partner with CFOs nationwide to provide legal support that complements their financial expertise—offering counsel on tax compliance, contracts, compensation, and organizational transitions—so they can focus on strengthening sustainability and advancing mission impact.
Financial Oversight, Compliance & Tax Guidance
CFOs carry the responsibility of ensuring a nonprofit’s financial health and compliance with IRS and state requirements. FPLG partners with CFOs to review reporting practices, strengthen internal controls, and provide tax guidance on issues such as unrelated business income, public support tests, and charitable giving rules. Our attorneys ensure annual filings and disclosures are accurate, timely, and compliant, giving CFOs the legal support they need to safeguard both resources and reputation.
Contracts & Vendor Agreements
From grant agreements to vendor contracts, CFOs are often tasked with reviewing and managing the financial implications of organizational commitments. FPLG provides contract review, drafting, and negotiation services designed to protect the nonprofit’s interests while ensuring terms are clear, enforceable, and aligned with the mission.
Strategic Growth & Transactions
As organizations expand, CFOs play a vital role in shaping financial strategy around major initiatives and long-term sustainability. FPLG supports CFOs through mergers, joint ventures, restructurings, and large-scale funding efforts, ensuring that every step complies with nonprofit law and best practices. We also provide counsel on establishing and managing endowments, including drafting gift agreements, developing spending policies, and navigating donor restrictions. With this legal guidance, CFOs can pursue growth opportunities and steward endowment resources in ways that strengthen the organization’s financial foundation while protecting mission integrity.
Employment & Compensation Guidance
CFOs frequently oversee payroll, benefits, and executive compensation—areas that carry significant compliance and risk considerations. FPLG advises on employment agreements, independent contractor classifications, and executive compensation packages, ensuring that all practices align with nonprofit law, IRS regulations, and sector best practices.
Why Clients Choose FPLG
Our Focus: Purpose Driven
FPLG focuses solely on providing legal counsel to purpose driven enterprises, including nonprofit organizations, benefit and social purpose corporations, and individual philanthropists dedicated to improving our communities.
Our Profession: Expert Guidance
FPLG’s team of professionals provide relevant, timely and proactive legal expertise to our clients, in an area where most attorneys do not focus, ensuring they have the best possible information and guidance at their fingertips.
Our Mission: Exemplary Service
FPLG is dedicated to providing client service at a level rarely experienced with traditional attorneys or law firms. Our clients are doing exceptional, purposeful work; FPLG can do no less.
