Andrew Schulz

General Counsel, New Venture Fund

Andrew Schulz is responsible for the New Venture Fund’s legal compliance and for providing expert guidance to the firm and its many hosted projects on a broad cross-section of tax, legislative, and regulatory issues. Andrew has over 17 years of experience representing nonprofits and is deeply knowledgeable on the many legal issues relating to the governance and management of charitable organizations, including federal income tax, grant making, lobbying, political activity, endowment management, fiscal sponsorship, charitable giving, nonprofit corporations, contracts, copyright, trademark, and employment law.

Previously, Andrew was Executive Vice President at Foundation Source, serving the company’s more than 1,100 family and corporate foundation clients. He also represented the company within policy, legislative, and regulatory circles, and worked to cultivate relationships between the firm and attorneys, advisors, nonprofit partners, and other philanthropy service firms.

Andrew may be best known for his over 12 years of experience at the Council on Foundations. While there, he held numerous roles, most recently leading the council’s government relations and advocacy efforts as Vice President, Legal and Public Policy. He also served as in-house counsel, educating council members on legal issues that affected their operations; administering the council’s governance functions; serving as the lead staff member on matters of ethics and best practices; and ensuring organizational compliance with state, local, and federal laws. Among his accomplishments while at the Council on Foundations, Andrew is most proud of the roles he played in designing and implementing an ethical code and sanctions process for members, and developing and rolling out the National Standards for US Community Foundations.

A nationally recognized authority on private foundations, Andrew is a frequent speaker and occasional author on various topics related to the philanthropic sector. He is a graduate of the College of Wooster and has a JD with honors from the George Washington University Law School. He is a member of the Maryland and District of Columbia bars. He has served on many nonprofit boards both as a director and as pro bono counsel. He lives in Kensington, MD with his wife and two children.

Contributions

2021 Trustee Education Institute

Posted on March 9, 2021 by Isabel Nogueira, Alyson Wise, Jumi Falusi, Milton Speid, Emily Kaiser, Adrian Ruiz, Lisa Jackson, Priscilla Enriquez, Dorothy Gardner, Regan Pritzker

NCFP’s Trustee Education Institute provides a comprehensive overview of the important legal, investment, ethical, grantmaking, and family dynamics issues facing family foundation board members and CEOs. Featuring the perspectives of innovative donors and a faculty made up of donors, board members, and highly respected philanthropy experts, this virtual seminar covers: Translating values and goals into action Connecting family legacy and… Read More

2020 Trustee Education Institute

Posted on December 22, 2019 by Christopher Fletcher, Jennifer Davis, Robin Snidow, Laura Collins, Paul Liu, Greg Ratliff, Kathleen Simpson, Tamara Larsen, Dana Lanza, Shaady Salehi

past TEI attendees
Attendees, please visit the event website for the most up-to-date agenda and Zoom links. The website passcode was emailed to all registrants. NCFP’s Trustee Education Institute provides a comprehensive introduction to important legal, investment, ethical, grantmaking, and family dynamics issues facing family foundation board members. Featuring a faculty made up of donors, board members, and highly respected philanthropy experts, this… Read More

2018 Trustee Education Institute: The Signature Seminar for Family Foundation Board Members

Posted on March 6, 2018 by Virginia M. Esposito, Andrew Schulz, David Grant, Hanh Le, Holli Rivera, Alice Buhl, Leticia Peguero, Lindsey Griffith, Mary Phillips, Nat Chioke Williams

NCFP’s Trustee Education Institute provides a comprehensive introduction to all of the key legal, investment, ethical, grantmaking, and family dynamics issues facing family foundation board members. Featuring a faculty made up of NCFP’s senior staff and highly respected philanthropy experts, this three day, intensive seminar typically covers: What does it mean to be a steward of both the public’s trust… Read More

2016 Trustee Education Institute: a Comprehensive Seminar for Family Foundation Trustees

Posted on March 9, 2016 by Virginia M. Esposito, Susan Crites Price, Andrew Schulz, Bruce Kahn, David Dodson, David Grant, David Neal, Alice Buhl, Jan Jaffe, Kelin E. Gersick, Ph.D.

NCFP’s Trustee Education Institute provides a comprehensive introduction to all of the key legal, investment, ethical, grantmaking, and family dynamics issues facing family foundation board members. Featuring a faculty made up of NCFP’s senior staff and highly respected philanthropy experts, this three day, intensive seminar will cover: What does it mean to be a steward of both the public’s trust… Read More

Can We Make Grants to a Non- 501(C)(3) Organization?

Posted on September 9, 2015 by Andrew Schulz

The short answer is, absolutely. Foundations are allowed to make grants to non-charities. They have to follow special procedures under Section 4945 that are called expenditure responsibility. The basic rule is that the fund have to be used for charitable purposes, not something else, but you can grant to 501(c)(4)s, 501(c)(6)s, and even for-profits, as long as you follow the… Read More

Can We Accept Complimentary Tickets?

Posted on January 9, 2015 by Andrew Schulz

Complimentary tickets are fine. The real issue here is: are they really complimentary, or is it a quid pro quo? Generally, if there’s a good foundation reason to be there, in particular being recognized, you can go. … Read More

Can a direct descendant who is on the board bring non-family members on to the board to work for him or her?

Posted on December 11, 2014 by Andrew Schulz

You’d have to check the bylaws and what the procedure is. Who and who can’t serve on the board is a matter of foundation policy. There’s no law that prevents non-family members from being on the board, but you should be very careful to observe the rules and policies set forth in your bylaws or your articles about the election… Read More

May Our Board Pay a Disqualified Person for Services Such as Portfolio Management?

Posted on December 11, 2014 by Andrew Schulz

May our board pay someone for portfolio management if they are an employee of a company owned or led by a board member and direct descendant of the foundation’s father? Yes, even if the individual being employed to do that work is a disqualified person, paying someone reasonable and necessary compensation to manage the assets of the foundation, regardless of… Read More

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