Jacob I. Friedman
Jacob I. Friedman is head of the Not-for-Profit/Exempt Organizations Group and former chair of the Tax Department. He has been a member of the Tax Department since 1975 and a Partner since 1983.
Jay has been involved in various facets of federal and state tax and employee benefits laws. In recent years, his major areas of practice have been the structuring of alternative investments for pension trusts and other exempt organizations, and the rendering of fiduciary advice to trustees. Jay advises Proskauer’s philanthropic and other not-for-profit clients on fiduciary and tax exemption issues and their specialized tax problems, including unrelated business income tax ramifications of diverse investments, such as venture capital, hedge funds, futures, natural resources, buyout funds and corporate finance.