Gary S. Castle
A principal at Anchin, Gary Castle serves on the Private Client Group Steering Committee as well as the Firm’s Philanthropy Group and Art Specialty Group. His clients include high net worth individuals, private foundations, artist-funded foundations and family offices.
Gary provides clients with a full spectrum of services, including an in-depth knowledge of philanthropy and art.
In the area of philanthropy, Gary provides specialized advisory services to assist the implementation and legal structure of clients' matching grant programs. With this service, Anchin works with both the client and the receiving organization and their representatives (attorneys, executive directors, auditors and other management) in the development of contracts and the definitions of the terms of the grant to ensure that the matching requirements are met. The receiving organizations are some of the largest public charities in the country.
In the world of art, Gary has clients who are major collectors, prominent contributors to art institutions and significant artist-endowed foundations. Gary is frequently a featured speaker on panels and he presents at art industry events. He has also been quoted in various publications, including the Forbes article profiling him, titled “There Is An Accountant Art Expert – Who Knew?”.
Gary is a member and speaker at The Family Office Association, a global membership organization exclusive to single family offices and families of wealth, and PAIAM (Professional Advisors to the International Art Market) and has served as a keynote speaker at numerous family office conferences around the country.
He is also a member of the New York State Society of Certified Public Accountants (NYSSCPA), including its Family Office Committee, the Institute of Chartered Accountants in England and Wales (ICAEW). Gary also serves on the board of Island Harvest, a not-for-profit organization on Long Island.
In addition to English, Gary is conversant in French and Spanish.
- Family Office Support and Business Management
- Private Client
- Donating Art and Collectibles - A Discussion of Important FactorsAugust 22, 2017
As opposed to selling art, which results in capital gains tax, or keeping art in the family, which may result in estate or gift taxes, donating art will bring a federal and possibly a state tax deduction.
- Collectibles: Alternative Investing Beyond Private Equity and Hedge FundsMarch 31, 2017
Collectible items are also a type of alternative investment — and, like all the others — come with their own rules and considerations.
- Avoiding an Art Collection “Fire Sale”August 31, 2016
Some key planning factors to consider
- How Much Is That Picasso In The Window? Tax Court Says Quite A BitDecember 30, 2015
What can take a good bit of the fun out of your Picasso going for more than twice the expected price at Christies? Having it happen while the estate you inherited it from does not have its estate tax resolved might do it.
- $141M sculpture may ‘point’ to topJune 14, 2015
This is the art bubble of the millennium.