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Tax-Exempt Organizations

Faegre Baker Daniels lawyers provide many corporate services to tax-exempt organizations, including initial structuring, corporate governance, regulatory compliance and financial counseling. Our team understands the unique applications of corporate law to exempt organizations. We represent a range of nonprofits from charitable foundations and social service agencies to arts organizations, environmental groups and more.

Structuring

  • Advising on initial corporate structure and obtaining tax-exempt status
  • Drafting articles of incorporation, bylaws, corporate policies and other organizational documents
  • Developing strategic plans to help organizations manage administrative costs, increase revenues, protect assets, set the stage for effective board governance and prepare to face challenges over time

Corporate Governance

  • Providing general counsel on governance, operations and other business matters
  • Advising on fiduciary duties and board roles and responsibilities
  • Drafting and negotiating a wide range of contracts between exempt organizations and their vendors
  • Overseeing reorganizations

Regulatory Issues

  • Preparing applications and reports for federal, state and local income, property, sales and franchise tax exemptions
  • Providing ongoing guidance on unrelated business income tax (UBIT) questions and private foundation matters
  • Advising on the legal and tax consequences of proposed activities and relationships with other exempt and taxable organizations, including taxable subsidiaries and joint ventures
  • Counseling on private inurement and private benefit issues
  • Advising on intermediate sanctions and self-dealing
  • Handling IRS audits and compliance programs and attorney general investigations

Financing and Transactions

  • Advising on annual capital and deferred giving development programs, including the preparation of agreements and administrative documents for charitable remainder and lead trusts, gift annuities and pooled income funds
  • Advising on fundraising, donor services, corporate sponsorships and license agreements, and fiscal agency arrangements
  • Serving as counsel for issuers, borrowers, underwriters and others in tax-exempt financings
  • Submitting federal and state requests on contemplated transactions, including proposed grants, scholarship programs and real estate transfers
  • Counseling on mergers and other consolidations among multiple exempt organizations

Contact


Joseph E. Miller, Indianapolis
+1 317 237 1415

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