Richard J. Locastro, CPA, J.D.

Biography

Mr. Locastro has worked in public accounting since 1986, including six years in the tax offices of Big Four firms. His clients have included private foundations, colleges, universities, healthcare organizations, museums, and other large nonprofit institutions. He has extensive experience assisting clients with unrelated business income tax analysis, private foundation excise taxes, Form 990 and Form 990-T preparation and presentation, intermediate sanctions analysis, payments to and from controlled subsidiaries, nonresident alien withholding and reporting requirements, foreign grantees withholding requirements, IRS dispute resolution, exemption application assistance and private letter ruling request submissions. 

He is a member of the AICPA Tax Division Technical Resource Panel (TRP) for Exempt Organizations, where he has served as Chair and Vice-Chair. He is also a member of the TEGE Exempt Organizations Council and is the Co-Chair of the EEE/Treasury Forum. He is a member of the AICPA Not-for-Profit Industry Conference Committee and served as the Tax Lead for several years and has recently joined the AICPA Not-for-Profit Advisory Committee. Mr. Locastro oversees the firm’s team of tax professionals who provide consulting and tax compliance services to more than 900 nonprofit organizations. He coordinates tax planning, consulting services, return preparation and representation on IRS audits, and frequently speaks at national and regional conferences. 

A champion of diversity, equity and inclusion at the firm, Mr. Locastro is a founding committee member of GRF’s Diversity, Equity and Inclusion initiative established in 2019. 

From 2017 to 2023, he was a member of the Le Moyne College board of regents and served as Board Chair and Secretary during his term. He is currently a member of the Le Moyne College Board of Trustees and serves as the Chair of the Finance and Audit Committee.