Brad Bedingfield

Brad Bedingfield

Partner

  • 617-557-9704
  • 617-227-0781
  • 75 State Street
  • Boston, MA 02109

Brad Bedingfield

Partner

  • 617-557-9704
  • 617-227-0781
  • 75 State Street
  • Boston, MA 02109

Practice Focus

Brad Bedingfield is Co-Chair of the Nonprofit Group. His practice concentrates on representing tax exempt organizations. Brad assists private foundations and public charities with navigating complex tax regulations and procedures, including receipt and disposition of complex charitable gifts and participation in innovative forms of impactful philanthropy. He also advises on governance matters, guiding charities and other nonprofits through formation, reorganizations, mergers, affiliations, and dissolutions.

Additionally, Brad advises private clients on securing their long-term goals related to preserving and protecting their wealth and executing their philanthropic endeavors. He counsels families on structured charitable giving, estate planning and lifetime gifting strategies as well as coordination of tax and legal requirements for cross-border families. Brad was recognized as a Notable Practitioner assisting US and international high net worth families with philanthropy and trusts and estates planning in Chamber’s 2018 High Net Worth guide.

Brad has over a decade of private practice with national firms and also previously worked as a tax law specialist with the Exempt Organizations Division of the IRS in Washington, D.C. Before his legal career, Brad obtained advanced degrees in English language and literature and taught medieval literature at universities in the United Kingdom, Japan, and the United States.

Brad is also a Senior Vice President of Hemenway Trust Company, a New Hampshire based private fiduciary firm.

Representative Clients

  • Assisted university in negotiating, accepting and managing complex charitable gifts, including charitable remainder trusts, gift annuities, and gifts of interests in real estate and closely-held businesses.
  • Advised on administration of endowment and restricted funds, including appropriations, terminations, and cy pres or deviation actions.
  • Provided tax analysis to university establishing commercialization fund to help transition university research to the marketplace.
  • Represented educational organizations in spin-off of program into separate non-profit and subsequent merger.
  • Advised tax-exempt organizations on issues pertaining to partnerships with for-profit entities and unrelated business income tax, including the tax on parking and transportation benefits.
  • Established and procured recognition of tax-exempt status for organization supporting firefighters.
  • Helped establish first pay-for-success bond to include donor-advised funds as investors
  • Developed donor-advised fund program for community foundation
  • Negotiated first non-judicial settlement agreement involving charitable organizations and the Office of the Attorney General of the Commonwealth of Massachusetts
  • Negotiated terms of endowment fund with City of Boston for maintenance of city park
  • Assisted family with highly appreciated post-IPO stock dispose of stock in tax efficient manner, including combination of gifts to charitable remainder unitrusts, private foundations, and public charities
  • Advised on cross-border estate and trust planning for family with connections in the U.S., Europe, and the Middle East

Accolades

  • Named in the Chamber’s 2018 High Net Worth guide as a Notable Practitioner assisting US and international high net worth families with philanthropy and trusts and estates planning 
  • Named to the Massachusetts Super Lawyers Rising Star List

Selected Activities

  • Fellow, American College of Trust and Estate Counsel (ACTEC)
  • Board of Directors, Planned Giving Group of New England (PGGNE)
  • Member, Subcommittee to Review the Uniform Trust Decanting Act for Enactment in Massachusetts
  • Co-chair, Public Policy Committee, Tax Exempt Organizations Section, Boston Bar Association
  • Former Co-chair, Public Policy Committee, Trusts & Estates Section, Boston Bar Association
  • Wealth Advisory Council, CAF America
  • Former Vice President of Boston Chapter, Society of Trust and Estate Practitioners (STEP)
  • Brad speaks and writes frequently on topicspertainingtononprofit organizations, charitable planning, domestic and international estate planning, and impact investing, including:
    • Co-author, “Guide to Charitable Planning" in the Tax Cuts and Jobs Act Impact Series (November 2018)
    • Co-author, “The Disappearing 60% Deduction - New Charitable Giving Limits are Not as Generous as They Appear," published in Taxation of Exempts and Practical Tax Strategies, Thomson Reuters' Publications
    • Co-author, “Supporting or Opposing Ballot Questions: Beware Campaign Finance Rules,” Massachusetts Nonprofit Network Newsletter (June 11, 2018)

Community Involvement

  • Board of Directors, North Bennet Street School
  • Professional Advisors Network, The Boston Foundation
  • Planned Giving Committee, Museum of Science

Brad Bedingfield’s Comments on Social Impact Investing

“Philanthropists, charities, and socially minded companies are seeking increasingly innovative ways to leverage the impact of social investments. Effective solutions require careful balancing of individual investment goals, community impact, and legal and governmental constraints. Helping clients align these disparate concerns to find new ways to further their personal and charitable goals is incredibly rewarding.”

Brad Bedingfield
www.hembar.com
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