Taxation and Wealth Planning

Nonprofit Organizations

Services

We counsel nonprofit organizations on a wide range of corporate, contract, labor, health care, real estate, tax, fundraising, litigation, intellectual property and environmental issues. Our services specifically include:

Corporate
Our corporate services include guidance on formation, liquidation, corporate governance, corporate policies/best practices, attorney general issues, structuring agreements, joint venture investments, employment matters, grants, affiliations and alliances, termination, reclassification and subsidiary formation, among other issues. We also provide education and training to nonprofit board members on their fiduciary obligations and duties and, when requested, attend or facilitate board meetings and strategic planning sessions.

Financing
We structure, negotiate and help clients obtain financing for capital projects, including tax exempt bond financing. We also advise on obtaining loans from banking institutions.

Tax and Administration
For clients interested in donating to nonprofit organizations, we render counsel in connection with charitable and planned giving and the preparation of estate planning documents to fulfill desired goals. For nonprofit entities, we assist with the preparation of all federal and state tax forms, including Form 990, as well as applications for sales tax exemptions and small games licenses. We also handle IRS and state examinations, defending against income and excise tax assessments and assisting in abating failure to pay/file penalties, as well as help eliminate or minimize unrelated business taxable income and advise on corporate sponsorship payments.

Compliance
For public charities, we help with such compliance issues as intermediate sanctions, public support tests and private benefit rules. For private foundations, we assist with self-dealing, excess business holdings, qualifying distributions and taxable expenditure responsibility. For all nonprofit organizations, we provide counsel on compliance issues related to scholarship grants, grants to foreign individuals and grants to foreign entities.

Lobbying and Political Activities
We provide advice on lobbying activities and political campaigning activities as well as on the disclosure rule applicable to Code Section 527 organizations.