Tom specialises in the U.S. tax and commercial law issues impacting UK charities which invest or operate in the United States. Tom has thirty years of experience in advising clients on both sides of the Atlantic, and is qualified as an English solicitor and a New York attorney.
Endowed UK charities are increasingly being encouraged to invest in long-term, illiquid investments, such as private equity and real estate. Trustees benefit from receiving a review of the essential documentation in order to assess the tax and legal risks surrounding such investments, before committing capital. Tom's expertise enables him to assess these risks, given his experience in handling these investments for both investors and sponsors over many years.
Coronavirus and Brexit pose many financial challenges to universities. Tom can confidently support you through these challenges and guide you through any strategic decisions you make.
Tom combines U.S. tax and commercial law skills. Tom provides focused and determined representation of institutional investors, whether charitable, academic, or for profit, when they enter illiquid investments and joint ventures.
The charitable sector is becoming more commercial, global and collaborative, as the issues we confront require partnerships of entities acting across borders. Tom is excited to witness the increasing sophistication of our charity clients in dealing with commercial projects, and has a breadth of experience in order to assist them through these changes.
VWV has implemented a holistic approach by situating its charity experts in the Corporate and Commercial teams. Therefore, Tom is well-placed to assist his colleagues in advising charities on both commercial and tax matters.
Tom is dually qualified in London and New York. He graduated from University of London, King's College, B.A. (Hons) English 1983, University of Virginia School of Law, J.D. 1988, Georgetown University Law Center, L.L.M. (Taxation) (with Distinction) 1997. He is also an editorial board member of Virginia Journal of International Law.
Tom is the author of numerous articles in well-respected trade publications, including:
'UK University Guidance - When Will Your Research Collaborations and Spin-Outs Be Subject to a National Security Assessment?' - VWV Website, Higher Education Blog (29 July 2021)
'How Foreign Funds and LPs Can Avoid Filing Mandatory Declarations With CFIUS for Investments in U.S. Critical Technology Business' - Private Equity Law Report (June 2021)
'Charities Investing in U.S. Private Equity Funds' - Tax Journal (October 2019)
'Advice on Working with U.S. Grantmakers' Charity Finance Magazine (October 2019)
'IRS Eases Path for UK Charities Seeking Opinions on Their Equivalency to U.S. Tax-Exempt Charities' - Tax Journal (online version) (December 2017)