What's Happening?
Molly Unterseher has joined Greenberg Traurig as a shareholder in its tax-exempt organizations and philanthropy practice, operating out of the firm's Philadelphia and New York offices. Unterseher brings a wealth of experience in advising high-net-worth individuals, families, private foundations, public charities, and charitable affiliates of for-profit companies. Her expertise includes the formation, governance, and operation of philanthropic vehicles, as well as navigating complex rules related to private foundations. These rules encompass grantmaking, endowments, self-dealing, excess business holdings, termination taxes, and program-related or mission-related investments. Prior to joining Greenberg Traurig, Unterseher was with Nixon Peabody.
Why It's Important?
The addition of Molly Unterseher to Greenberg Traurig's team is significant as it enhances the firm's capabilities in the area of tax-exempt organizations and philanthropy. This move is likely to benefit high-net-worth clients and philanthropic entities seeking expert guidance on complex legal and tax issues. Unterseher's experience with private foundations and charitable organizations will be invaluable in helping clients navigate the intricate regulatory landscape. This expansion reflects Greenberg Traurig's commitment to strengthening its practice areas and providing comprehensive legal services to its clients, potentially attracting more business from individuals and organizations involved in philanthropy.
What's Next?
With Unterseher's expertise, Greenberg Traurig is well-positioned to expand its client base in the philanthropic sector. The firm may see an increase in demand for its services from private foundations and charitable organizations seeking to optimize their operations and ensure compliance with tax regulations. Additionally, Unterseher's presence could lead to the development of new strategies and solutions tailored to the unique needs of philanthropic clients. As the firm integrates her into its practice, it may also explore opportunities to further enhance its offerings in related areas, such as estate planning and wealth management.
