Carolyn D. Duronio

Carolyn is a partner in the Business & Finance Department and was Managing Partner of the firm’s Pittsburgh office from 2001 to 2006. She is currently Corporate Secretary for the firm and a member of the firm's Executive Committee. The greatest part of Carolyn's practice involves matters for exempt organizations, including public charities, private foundations, and trade associations.

She has extensive experience in representing exempt organizations before the Internal Revenue Service and the federal courts. She regularly obtains and defends an organization’s exempt status, including representing clients on issues such as unrelated business taxable income, intermediate sanctions, and the private foundation excise taxes.

Carolyn provides day-to-day advice to a wide variety of tax-exempt organizations. She has received numerous private letter rulings on behalf of clients that have permitted them to further their exempt purposes. She also has planned complicated restructurings of exempt organizations, including the creation of affiliated entities as well as the sale of exempt organizations to for-profit entities.

Exempt organizations are nonprofit entities, and Carolyn is fully versed in the applicable nonprofit laws. She regularly provides advice to governing boards concerning their fiduciary duties. In addition, she has particular expertise with respect to the legal issues affecting investments by nonprofit organizations.

A significant aspect of Carolyn’s practice includes charitable contribution issues, such as planned giving and other matters of interest to development professionals. Clients rely on her to provide quick, concise answers to involved charitable-giving questions and to draft the appropriate documents; and she has written and spoken extensively on various issues relevant to exempt organizations and charitable giving as well.

Good to know

Areas of Practice 1) Corporate & Securities, 2) Capital Markets, 3) Global Regulatory Enforcement, 4) Higher Education, 5) Higher Education Tax, 6) Tax-Exempt / Nonprofit Organizations, 7) Public Policy & InfrastructureTransactional Tax Practice, 8) Associations and 9) Private Foundations
Law School Harvard Law School, 1984, J.D.
Education Harvard University, 1980, A.B.
Bar Member / Association Pennsylvania State Bar Association
Most recent firm Reed Smith LLP
Relevant Jobs
Tax Consultant Ii - Business Tax Services - Federal/corporate Tax
USA-PA-Pittsburgh

Tax Consultant II - Business Tax Services - Federal/Corporate Tax Duties: The candidate will be a valuable member on tax engagements, assisting with a variety of tax services that are relevant for pu...

Apply now

Senior Associate, Business Tax Services - Strategic Corporate Tax
USA-PA-Pittsburgh

Senior Associate, Business Tax Services - Strategic Corporate Tax The candidate will provide tax compliance and advisory services to corporations and partnerships for a variety of clients from Fortun...

Apply now

+ View more jobs
A. Harrison Barnes
A. Harrison Barnes

Due to his extensive activities in the legal market, A. Harrison Barnes is a well-known attorney throughout the United States. As a member of the Malibu community, Harrison is committed to serving the needs of Malibu residents and businesses in legal

Andrew Hamilton
Andrew Hamilton

Andrew Hamilton is a partner in Morgan Lewis's Business and Finance Practice. Mr. Hamilton practices in the areas of mergers and acquisitions, private equity and venture capital, securities law, and general corporate counseling.

Barbara J. Shander
Barbara J. Shander

Ms. Shander advises public and private company clients as well as private equity funds, with an emphasis on mergers and acquisitions, dispositions, and financing transactions.