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Not-for-Profit & Higher Education

Envision the future

 

Knowledge and insights to drive mission fulfillment

 

Not-for-Profit organizations and higher education institutions are contending with increasing expectations and evolving challenges. Our partner-led specialists serve institutions of higher education, associations, membership organizations, social services, foundations, museums, cultural institutions, and religious and Jewish/Israeli organizations. We have the experience and knowledge to help you improve operations, understand and mitigate risks, embrace emerging technologies and engage and serve your constituents as you realize your mission.

 
 

Sectors we serve

Colleges and universities must meet evolving student and constituent expectations by adopting new pedagogies and managing administrative costs through institutional innovation and resource alignment. Our specialists provide in-depth experience and insights to help institutions deliver on their mission and embrace transformation.

 

 

Increasing operational costs and challenges, reductions in philanthropy, tax compliance issues and emerging risks are straining many religious organizations. Gain insights into risk identification and mitigation, financial planning, technology modernization and the unique compliance and operational matters specific to your sector.

 

 

Foundations are being called upon to expand their level of grant making and fill gaps created by reductions in donor philanthropy, decreased government funding and amplified societal needs. Foundations must also assess, track and report programmatic outcomes and successes. We can provide insights and best practices to help foundations understand their constituent needs and expectations for heightened levels of performance reporting.

 

 

Evolving member expectations and perceptions of value, coupled with stagnant membership growth and engagement, are just some of the challenges associations and membership organizations are presently facing. Receive the guidance you need on growth strategies, diversifying revenues, reserves planning, technology modernization and risk mitigation to help position your association for sustainability, relevance and continued growth.

 

 

Museum & cultural institutions have rebounded post-COVID and are now focused on expanding their collections, maintaining their relevancy and identifying new ways to attract visitors by investing in innovative and immersive exhibits. However, the sector is not without its challenges. More attention is being given to understanding risks, maintaining financial strength, managing construction costs and overall capital optimization, strengthening operational controls and safeguarding collections.

 

 
 

How we can help you

 

Our teams tackle challenges alongside you, improving results for your organization.

 
Audit & Assurance

Our clients across the not-for-profit and higher education sectors know that our first audit with them is the beginning of a long-term... Show more relationship built on trust and delivering insights. We tailor our service approach to address the issues that are important — and often, unique — to their organizations. This is a major tenet of our firm’s culture: Paying attention to provide personalized service. We continuously offer our perspectives to help you understand key industry developments affecting your organization, establish goals, measure performance and help guide you towards mission fulfillment. Learn more -->

Business Consulting

Your business needs to drive its top-line growth and its bottom-line productivity. We can help you do that. Our Business Consulting team... Show more starts by listening and building trusted partnerships — we want to know how you work today, so that we can address your biggest challenges. We identify where streamlined efficiency and insight can transform finance and other business functions. We know how to empower your workforce with data-driven analysis and automation that truly drive strategic decisions and deliver on your goals. Learn more -->

Technology Modernization

A strategic update of an organization’s technology can help decrease costs, increase value, drive efficiencies, boost performance... Show more and improve engagement for your team and the people you serve. The challenge is to achieve value-driven transformation and innovation amid ongoing operational and competitive challenges. Our technology modernization team understands this challenge applying deep technology, data, cloud and automation experience with fresh strategic thinking and proven partners to find the best path to your goals. Learn more -->

Risk Advisory

To fully understand and effectively address the range of risks across your organization, you need access to the latest knowledge and... Show more leading practices. We assist our clients in inventorying and understanding the risks facing their organizations. Our diverse group of risk management professionals have industry depth is here to help you address the complex requirements under which your organization operates. Learn more -->

CFO Advisory

The responsibilities and expectations of CFOs have grown tremendously in recent years due to light of increasing operational, strategic... Show more and regulatory complexities. These expanded duties create a need for insights and expertise that we can deliver. Our professionals can help drive your organization forward in an ever-changing environment. Your organization is counting on you to create a path to success. You can count on us to help you deliver. Learn more -->

Tax

Our Not-for-Profit tax capabilities are integrated throughout the audit process to reduce duplication of efforts and to holistically analyze... Show more operational matters from both a financial reporting and tax compliance perspective. We work with organizations to ensure they remain compliant with reporting requirements and, more broadly, compliance matters affecting their tax-exempt status. We have deep expertise in relevant tax areas including unrelated business income, executive compensation, benefit plans, employment tax and international tax matters, amongst others. Your team will work with you to ensure you are apprized of current trends and changes in tax law. Learn more -->

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Connect with our Not-for-Profit & Higher Education leaders

 
Headshot of Dennis Morrone Headshot of Dennis Morrone Headshot of Dennis Morrone
Dennis J. Morrone

Head of Not-for-Profit & Higher Education Industry
Grant Thornton Advisors LLC

Partner, Audit Services, Grant Thornton LLP

Dennis Morrone is the National Managing Partner of Grant Thornton's Not-for-Profit & Higher Education Practices.

Iselin, New Jersey

+1 732 516 5582
Industries
  • Not-for-profit and Higher Education
Service Experience
  • Advisory Services
  • Operations and Performance
  • Audit & Assurance
  • Finance Transformation
  • Employee Benefit Plan Audit
  • Transaction Advisory
Headshot of Jennifer Hoffman Headshot of Jennifer Hoffman Headshot of Jennifer Hoffman
Jennifer Hoffman

Partner, Audit Services, Grant Thornton LLP
Principal, Grant Thornton Advisors LLC

Jennifer Hoffman is an Audit Services partner in Grant Thornton’s Long Island office, a fully dedicated member of the East region Not-for-Profit practice and is the partner-in-charge of the metro New York Not-for-Profit practice. She joined Grant Thornton in September 2003 after spending eight years at a Big Four firm.

Long Island, New York

+1 631 577 1852
Industries
  • Not-for-profit and Higher Education
  • Retail and Consumer Brands
Service Experience
  • Audit & Assurance
Headshot of Daniel Romano Headshot of Daniel Romano Headshot of Daniel Romano
Daniel Romano

Principal, Tax Services, Not-for-Profit & Higher Education Industries
Grant Thornton Advisors LLC

Dan is a partner and leads Grant Thornton’s Notfor-Profit Tax practice which serves tax-exempt organizations including colleges & universities, hospitals, private foundations, cultural institutions & trade associations throughout the country.

New York, New York

+1 212 542 9609
Industries
  • Not-for-profit and Higher Education
Service Experience
  • Tax Services
Headshot of Matt Unterman Headshot of Matt Unterman Headshot of Matt Unterman
Matt Unterman

Principal, Business Consulting, Not-for-Profit & Higher Education Practices
Grant Thornton Advisors LLC

Matt Unterman is a principal within Grant Thornton’s Not-for-Profit and Higher Education Advisory Services Practice.

New York city, New York

+1 212 542 9834
Industries
  • Not-for-profit and Higher Education
Service Experience
  • Advisory Services
  • Business Consulting
 
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Ready to talk? We’re ready to listen.

 

Request a meeting and a member of our team will be in touch to see what we can do to meet your needs.

 

Want to submit an RFP? Please submit your request through our RFP submission page.

 
 

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