The Associate Counsel & Compliance Officer is a multi-faceted role with responsibilities impacting the Foundation both internally (including FFTC’s affiliates and supporting organizations) and externally. The position supports the Deputy Counsel & Vice President (Deputy Counsel) as well as the Senior Vice President & In-House Counsel (In-House Counsel) in managing the Foundation’s legal work and, as a member of the Philanthropic Advancement Team, supports the Foundation’s development and planned giving activities. The position will also oversee the development, implementation and administration of FFTC’s risk and compliance programs consistent with the direction of the Executive Team and Legal Team.
Duties & Responsibilities
Assist Deputy Counsel and In-House Counsel in fulfilling the following responsibilities pertaining to the Foundation’s legal work:
- Provide legal guidance on applicable non-profit laws, corporate laws, estate planning laws and any other legal areas affecting the Foundation with a focus on supporting the Foundation’s ability to achieve its organizational goals.
- Manage the Foundation’s legal work including:
- Identifying, researching and analyzing legal issues, and preparing memoranda and opinions addressing such legal issues.
- Drafting, reviewing, and negotiating a broad range of agreements, contracts and other documents with donors, clients, grantees, vendors and other parties.
- Reviewing and revising fund agreements and other Foundation forms and agreements.
- Providing legal support and counsel to all internal teams, FFTC business lines and civic leadership projects.
- Retaining and coordinating activities with Foundation’s external counsel.
- Stay up-to-date on relevant developments in areas of local, state, Federal and international law affecting the Foundation (including potential changes in applicable tax laws), as well as legal developments applicable to the Foundation’s clients and donors; work to protect FFTC’s interests in connection with proposed changes in tax laws; assist in preparing communications to donors and other constituents regarding developments.
- Protect the Foundation, its assets, reputation, legal status, and rights (including contractual rights).
- Develop legal and compliance infrastructure.
- Provide training (including CLEs) to outside constituents such as professional advisors as well as internally to FFTC team, including training on both legal issues and using legal resources.
Assist in fulfilling the following planned giving and development responsibilities:
- Facilitate and support the Foundation’s planned giving and development activities in coordination with other Philanthropic Advancement team members and senior management, including:
- Working with FFTC relationship managers to provide high level service to key clients, prospective donors and boards.
- Tracking, cultivating and soliciting new prospects, donors and planned giving activities, including the creation of new funds, as well as identifying opportunities to expand philanthropic relationships with existing clients.
- Working with donors and professional advisors on complex gifts including planned gifts and gifts of real estate, closely held business interests and other non-cash gifts.
- Managing complex gift transfers including due diligence review, along with Deputy Counsel and In-House Counsel.
- Facilitating the receipt of realized planned gifts.
- Cultivating and managing Professional Advisor relationships to attract new business.
- Providing assistance to nonprofit clients/constituent organizations with respect to their fund development and growth, including fund management and investment, board education and training, donor solicitation and recognition, etc.
- Working with the Marketing & Communications team to develop communication vehicles to educate prospects, clients and professional advisors about FFTC planned options, as well as to promote the establishment of planned gifts and other funds with FFTC.
- Assisting in preparation and presentation of CLEs and other programs for professional advisors and other groups on planned giving and other topics.
- Exploring opportunities for planned giving growth at the Foundation, including potential new planned giving vehicles and new policies.
Work with Deputy Counsel and other FFTC team members (including the Executive Team) to:
- Develop FFTC’s risk and compliance programs.
- Oversee the development, implementation and ongoing administration of a compliance tracking and review system, ensuring that the system enables FFTC to:
- Document compliance related tasks.
- Identify the person/position responsible for each item of compliance.
- Track, document and provide managerial updates on the status of compliance related tasks.
- Review and implement improvements to FFTC’s internal policy management.
- Review and categorize internal policies in all facets of FFTC work.
- Work with leadership to develop procedures and policies for specific issues and areas.
- Develop monitoring program for ongoing maintenance.
- Assist in creation and oversight of FFTC’s programs for vendor management, client management, and contract compliance.
- Oversee the development, implementation and administration of a formalized risk management framework.
- Work collaboratively with others in developing compliance and risk recommendations and solutions.
- Diligently monitor current trends and developments to identify emerging new risks.
- Provide periodic managerial updates on the effectiveness of FFTC’s compliance and risk programs.
This job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required for the position. Other duties, responsibilities and activities may change or be assigned at any time with or without notice.