We work on all aspects of private and corporate philanthropy, including establishing nonprofit organizations and charitable trusts and counseling on their operation. Our clients include all types of nonprofit organizations, including community foundations, private foundations, publicly supported charities, trade associations and taxable nonprofit entities.
We represent exempt organizations before the Internal Revenue Service and in connection with proceedings with or initiated by the offices of various states’ attorneys general. Our group also requests formal and informal advice from the Internal Revenue Service on behalf of clients and represents clients in connection with government audits and the litigation of tax controversies.
We regularly counsel clients on unrelated business income tax issues, lobbying and political contribution tax compliance, transactions involving contributions to and from foreign entities, related party transactions, private inurement and private benefit issues and related regulatory matters. Our lawyers regularly structure transactions to mitigate the impact of these rules and achieve the best practicable tax results for the client.
We also advise our profit organizations on corporate law issues and fiduciary standards for trustees and directors, including best practices for corporate governance and Sarbanes-Oxley principles applicable to nonprofit organizations.
Our services in matters of private and corporate philanthropy are comprehensive and include:
- Assisting for-profit corporations in structuring internal and external charitable giving programs, including scholarship and relief programs for employees.
- Working with individual and corporate clients to transfer and obtain income tax deductions for large liquid and non-liquid charitable gifts.
- Assisting charitable entities in implementing and revising governance documents and policies.
- Working with charitable entities to carry out complex national and international grants and loans to individuals and other charitable entities.
- Assisting charitable entities with program-related investments.
- Analyzing and solving unrelated business income tax issues for charitable entities.
- Forming and obtaining tax-exempt status for wide-range of tax-exempt entities, including private foundations (operating and non-operating), public charities, supporting organizations, social welfare organizations, social clubs, trade and business associations and community foundations.
- Assisting charitable entities in reclassifying their tax-exempt status with the Internal Revenue Service.
- Protecting charitable beneficial interests in estate and trust administrations.
- Dissolving operating and nonoperating charitable entities.
- Coordinating merger of operating charitable entities.
- Preparing fund agreement templates for community foundations and other charitable entities.
- Assisting private foundations in navigating complex operating restrictions, including the self-dealing rules.
- Advising charitable entities regarding compliance with the Uniform Prudent Management of Institutional Funds Act.