Jane Searing

Contact

jsearing@clarknuber.com
425.454.4919

Numbers

12 Age of beloved dog, Sadie
9 Years at Clark Nuber
2 Children with husband, Jiff

Jane is a born businesswoman with an incredible work ethic. She grew up working in the fields in Mt. Vernon, Washington, picking strawberries, spinach, cucumbers and has held a job ever since. Always the entrepreneur, she started a paper route when she was 10 years old. It seemed natural that she would pursue a degree in business when she went to college, but instead, she decided to be a nursing student at the University of Washington. She quickly changed her mind about this profession after she took a class in microbiology. Lucky for us!

Jane, a shareholder, specializes in providing tax services to private foundations. Her primary focus is on minimizing exposure to excise and unrelated business income tax, charitable giving strategies and communicating with the IRS.

Summary

Practice Emphasis

Consulting with private foundations and public charities
Understanding and avoiding excise and unrelated business income taxes
Federal and state income tax planning for donors
Board training
Charitable gift planning
Compliance with international tax regulations

Proven Results

Engineered and led a team that developed a Payout Planning Model for private foundations to budget and understand the effects of grant making strategies on endowment and excise taxes projecting out ten years allowing foundations to more effectively manage endowments.
Re-evaluated and educated foundation managers as to what types of income are subject to excise tax resulting in over $3 million in tax savings for one private foundation.
Successfully represented several different foundations in voluntary self-reporting of inadvertent taxable expenditures resulting in 100% abatement of combined penalties of over $3 million.
Provide training or assistance in grant administration, including templates for documenting grants and implementing a grant making system.
Assist foundation managers in understanding and implementing policies that will avoid prohibited acts for the foundation.
Working with other professional advisors to facilitate the process of starting up and gaining approval of exempt status from the IRS for new private foundations and public charities and establishing policies and procedures with standardized forms.

Education

Golden Gate University, M.S., Taxation
University of Washington, B.A., Business Administration - Accounting

Activities

American Institute of Certified Public Accountants
Washington Society of Certified Public Accountants
AICPA Exempt Organization Technical Resources Panel, member
Washington Women's Foundation Education Committee, past Chair and member of Finance Committee
AtWork!, past Treasurer and Board member
Skiforall/Special Olympics alpine ski coach - retired