#United States #New York #Accounting Services #PKF O'Connor Davies #Private Foundations

PKF O'Connor Davies Recognized as Market Leader in Accounting for Private Foundations

PKF O'Connor Davies, a prominent accounting and advisory firm, has made headlines for being ranked as the top accounting and tax firm serving private foundations with assets exceeding $25 million in the Northeast by FoundationMark. This recognition cements the firm's status as a leader in providing specialized services tailored to the unique needs of private foundations.

Understanding the Ranking

FoundationMark, a well-regarded market intelligence platform, evaluates firms based on their service to private foundations and offers insights drawn from comprehensive data analyses of IRS Form 990-PF filings. This platform aggregates and processes over 130,000 filings annually, allowing for detailed peer group comparisons, performance metrics, and market intelligence surrounding the entire private foundation landscape. The recent ranking highlights the exceptional performance of PKF O'Connor Davies amidst a competitive field.

Key Highlights of the Ranking:

• - Top Ranking in the Northeast: PKF O'Connor Davies took the #1 spot among accounting firms working with private foundations in the Northeast, covering regions across Maine, New York, and Pennsylvania.
• - Tri-state Area Leadership: In the tri-state area, which includes New York, New Jersey, and Connecticut, they also stood out as the leading firm servicing these foundations.
• - New York State Success: Notably, in New York state—home to a significant concentration of larger foundations—PKF O'Connor Davies achieved the #1 ranking for the foundations with assets over $25 million, boasting a market share significantly higher than any competing firm.

Commitment to Clients

Thomas Blaney, the Private Foundations Practice Leader at PKF O'Connor Davies, stated, "This recognition reflects the work we do every day to support private foundations. As the regulatory environment grows more complex, our focus remains on delivering specialized advice, consistency, and long-term partnership to help clients meet their governance, compliance, and fiduciary responsibilities."
This sentiment underscores PKF O'Connor Davies' commitment to helping their clients navigate the intricate landscape of private foundations, where they strive to provide invaluable guidance and superior service.

John Seitz, the CEO of FoundationMark, remarked on the firm's dominance: "PKF O'Connor Davies stands out as a clear leader of accounting and tax firms servicing private foundations. We break down the foundation universe by asset level and geography to get a granular understanding of trusted firms, and PKF O'Connor Davies is at or near the top in all the accounting league tables."

About PKF O'Connor Davies

With a history of delivering exceptional accounting, tax, and advisory services, PKF O'Connor Davies ranks among the top-tier firms in the nation. As a member of PKF Global, their network spans across international borders, offering a deep well of expertise that caters to both domestic and foreign clients. The firm is dedicated to ensuring that their clients experience "Greater Value" through a commitment to excellence in all their services. Their tagline, "Know Greater Value,” emphasizes the confidence and guidance that their clients can expect when engaging with them.

To learn more about PKF O'Connor Davies and their services, visit their official website at pkfod.com. They also encourage following their updates on LinkedIn and X (formerly Twitter).

About FoundationMark

FoundationMark is pivotal in tracking the investment performance of private foundations, creating comprehensive performance benchmarks that serve as invaluable resources for improving the investment decision-making processes of foundations. They aim to provide independent, objective, and transparent performance metrics to help foundations enhance their contributions to important causes.

As PKF O'Connor Davies continues to solidify its standing at the top of the accounting and tax services industry for private foundations, it sets a precedent for commitment to client excellence and adaptability in a complex business environment.