Insights

Colleen Fay Featured on PEI’s Data Dive Podcast

Preparing for Your HRSA Operational Site Visit: A Readiness Checklist

For a Federally Qualified Health Center, the HRSA Operational Site Visit (OSV) is one of the most consequential compliance reviews in the grant cycle. Unlike a financial statement audit, the OSV evaluates whether the organization complies with the Health Center Program requirements that support its Section 330 funding. HRSA generally conducts an OSV once each…

Definition of Compensation: A Common Risk for Not-for-Profit Employee Benefit Plan Sponsors

For many plan sponsors, the definition of compensation seems straightforward. If everyone is paid a salary, determining compensation can be simple. However, in practice, compensation is one of the most critical and complex elements of plan administration. It is the foundation for participant deferrals, employer matching contributions, nonelective and profit-sharing contributions, forfeiture allocations and a…

Beyond the Moratorium: A Policy Framework for Data Center Development in New York

Artificial intelligence is driving unprecedented demand for data center capacity, prompting states across the country to reconsider how these facilities are taxed, regulated, and integrated into existing infrastructure. As policymakers weigh the economic benefits of AI-driven investment against growing concerns over electricity demand, grid reliability, water consumption, and public costs, the focus is shifting from…

The $1 Trillion Question: New York’s Data Center Moratorium and the Future of AI Infrastructure

Data centers have become critical infrastructure for the modern economy. Artificial intelligence models, cloud platforms, financial systems, healthcare applications, defense technologies, cybersecurity platforms and communications networks all rely on physical computing infrastructure capable of storing and processing vast volumes of information. According to the Electric Power Research Institute (EPRI), data centers currently consume approximately 4%…

Form PF Could Get Lighter: What the SEC and CFTC Proposal Means for Private Fund Advisers

For more than a decade, Form PF has been one of the more demanding items on the private fund compliance calendar. That may be about to change. On April 20, 2026, the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) jointly proposed a set of amendments that would pull back a…