Practice Areas: Public Finance

Non-Profits and 501(c)(3) Financings

You may need to construct a new headquarters building, preserve a historic site, or add onto a museum. You have to deal with the diverse opinions of your board of directors as well as a constantly evolving set of finance regulations. Our team understands.

McGuireWoods has extensive experience in tax-exempt financing for qualified general 501(c)(3) institutions outside the health care and education arenas. Over the last 20 years, we have been involved in a variety of facility and headquarters financings for numerous 501(c)(3) entities.

We have experience with drafting and negotiating complex financings and credit structures for 501(c)(3) organizations, including rated institutions. We have structured innovative financing techniques including variable rate issues, letter of credit-backed issues, synthetic leases, demand and self-put bonds and auction reset securities.

We have undertaken numerous public and private offerings, both tax-exempt and taxable. Our experience includes solving particularly difficult tax issues that arise in financing 501(c)(3) facilities, including reimbursement issues and issues involving fund raising and arbitrage.

Representative Work

Our headquarters financings have included:

• American Society for Training and Development
• American Society for Microbiology
• Association for Supervision and Curriculum Development
• Blind Industries of Maryland
• Hearing and Speech Agency
• Institute for Defense Analyses
• National Center for Missing and Exploited Children
• National Center for State Courts
• National Science Teachers Association
• National Wildlife Federation
• The Nature Conservancy

Our experience has also included financing historical preservation sites, educational facilities, museum facilities and collections, including financings on behalf of:

• Association for the Preservation of Civil War Sites
• George Washington's Fredericksburg Foundation
• Lewis Ginter Botanical Garden
• Maryland Science Center
• National Aquarium in Baltimore
• Virginia Historical Society
• Wolf Trap Foundation for the Performing Arts

Other financing facilities experience includes:

• YMCA in Richmond, Washington and Central Maryland
• The Jefferson Area Board of Aging, Inc. in Virginia
• Region Ten Community Services Board in Virginia
• Richmond Goodwill Industries
• American Family Services in Virginia
• The Association for Retarded Citizens in Maryland
• Volunteer rescue squad facilities in Maryland, Virginia and West Virginia