Richard S. Gallagher

Retired Partner

Overview

Richard S. Gallagher is a retired partner with Foley & Lardner LLP. Mr. Gallagher is a former chair of the firm’s Tax & Individual Planning Department. He was a member of the Taxation and Estates & Trusts Practices. His practice focused on business and tax matters for family-owned companies; corporate planning and reorganizations; trust and estate administration; the qualification of tax-exempt organizations; unrelated business income and private inurement matters; and tax, estate and gift planning for philanthropists, foundations and charitable trusts.

Mr. Gallagher is the former chairman of the Exempt Organizations Committee of the American Bar Association (ABA) Section on Taxation, the past chairman of the Committee on Administration of Estates and Trusts of the Real Property, Probate and Trust Law Section of the ABA, a former chairman of the Milwaukee County Performing Arts Center, past president of the Donors Forum of Wisconsin, a director of Jones Dairy Farm and Marion Body Works, managing trustee of the Elizabeth Elser Doolittle Charitable Trusts and the Froedtert Memorial Lutheran Hospital Trust, and a fellow of the American Law Institute, the American College of Tax Counsel, the American College of Trust and Estate Counsel, and the Milwaukee Bar Association Foundation, over which he presided as president from 1977 until 1983.

Mr. Gallagher has been Peer Review Rated as AV® Preeminent™, the highest performance rating in Martindale-Hubbell's peer review rating system. He was selected by his peers for inclusion in The Best Lawyers in America© under tax law, non-profit/charities law and trusts and estates, and was named 2012 Milwaukee Non-Profit/Charities "Lawyer of the Year" by Best Lawyers®. He was also selected for inclusion in the 2005 - 2010 lists of Wisconsin Super Lawyers® and currently serves as a director of the BloodCenter of Wisconsin and the Milwaukee Youth Arts Center.

Mr. Gallagher graduated from Harvard University Law School (J.D., 1967) and from Northwestern University (B.S. in business administration, with distinction, 1964). He was admitted to the Wisconsin Bar in 1967.

Representative Matters

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Guided a national membership organization in favorably resolving its unrelated business income tax issues (UBIT). Foley assisted the organization in protecting its extremely valuable royalty and licensing UBIT exemptions. We obtained a private letter ruling for the client related to its licensing issues and we continue to assist with ongoing compliance and other issues related to the organization's for-profit subsidiary.