PRACTICE AREA - Nonprofit and Tax-Exempt Organizations


Nonprofit and Tax-Exempt Organizations

Attorneys at Kleinberg Kaplan represent a wide range of tax-exempt entities, including national and international public charities, private foundations, arts and cultural organizations, and social clubs. We provide sophisticated, multidisciplinary advice to these organizations on matters of critical importance such as corporate governance and compliance; exempt organization tax issues; tax controversies; strategic planning; mergers, acquisitions, joint ventures and other business transactions. Because of Kleinberg Kaplan’s depth, our attorneys often collaborate with other practice groups – including corporate, real estate, tax, and trusts & estates – providing the best possible advice.

We often advise our clients with the following key issues:

    Formation

• Establishing nonprofit organizations (i.e., private foundations, operating foundations and public charities)
• IRS recognition of exemption
• Federal, State and Local filings such as applications of authority, charitable registration and sales tax exemption

    Governance

• Directors’ and Officers’ liability
• Fiduciary obligations
• Personnel matters
• Conflicts of interest/related party transactions

    Tax Advice and Compliance

• Private foundation rules (i.e., self-dealing, taxable expenditures, excess business holdings, jeopardy investments )
• Endowment issues
• Unrelated business taxable income (UBTI) issuesPersonnel matters
• Excess benefit transactions
• Lobbying/political activity
• Donor-advised funds

    Fundraising and Development

• Scholarships and grants
• Domestic and foreign grant making and expenditure responsibility
• Assistance with complex planned giving strategies
• Assistance with income and transfer tax consequences of planned gifts

Many of our attorneys also serve as volunteer officers, directors and trustees of nonprofit and tax-exempt organizations. Some of these include:

• Brown/RISD Hillel Foundation
• Chinese Language School of Fairfield County
• Crohn’s and Colitis Foundation of America
• JBI International Inc. (formerly The Jewish Braille Institute of America)
• Columbus Citizen Foundation, Inc.

We are also involved in and support many community and charitable activities including:

• 100 Women in Hedge Funds
• City Parks Foundation
• Hedge Funds Care
• The Hole in the Wall Gang Camp
• The Manhattan Institute
• Memorial Sloan Kettering Cancer Center
• St. Jude’s Children’s Research Hospital

 

 


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