Working with other firm practice groups, we provide federal and state tax advice and related legal services to a large and diverse group of nonprofit organizations, from universities and hospitals to cultural institutions, trade associations, and private foundations.
One of the nonprofit organization's most valuable assets is its tax-exempt status. Several members of our team concentrate specifically on federal and state tax exemption law, an area defined by the complexity and rapid development of statutory and regulatory change. In a typical year, we form at least 30 new nonprofit organizations and qualify them as tax exempt.
Experience
- Representing charitable organizations in all aspects of their start-up operations, including formation, state and federal tax exemptions, corporate governance and board fiduciary duties, hiring and compensation of employees and consultants, and charitable solicitation licensing and compliance
- Counseling boards of directors with conflicts of interest issues, related party transactions with appropriate documentation and due diligence requirements, as well as handling IRS inquiries into such transactions
- Assisting affiliated nonprofits to determine and implement their ideal structures, implementing the structure and counseling to ensure ongoing legal and tax compliance, including nonprofits affiliated with for-profit entities
