McGuireWoods' nonprofit and tax-exempt organizations team provides charitable and other nonprofit organizations with comprehensive advice on organizational, compliance, planning, governance and tax issues. Through our guidance, we help charities and other nonprofits operate successfully in the increasingly complicated, regulated and competitive environment facing such organizations today.
Our services to nonprofit and tax-exempt organization clients encompass a number of areas of law. The types of matters we typically handle for these clients are outlined below.
Our nonprofit team regularly advises nonprofit clients, including public charities, on corporate governance matters. Our team’s work in this area involves updating and revising articles of incorporation and bylaws as well as the development of committee charters and appropriate board policies, such as conflicts of interest, document retention and destruction, and whistleblower policies. The team has worked on governance review and compliance for a variety of nonprofit clients, including private foundations, public university-affiliated foundations, universities, public media organizations, private schools, religious organizations, and other public charities.
McGuireWoods develops corporate governance structures and documents that balance interests of diverse constituents. Additionally, our attorneys help boards of directors understand their unique role in the nonprofit sector and provide counsel on fiduciary duty, conflict of interest policies, privilege and confidentiality, and many more day-to-day issues. In fact, we have extensive experience advising regarding board consideration of non-routine transactions, in conflicts of interest and related party transactions, regulatory matters, new or amended compensation plans, and mergers and affiliations.
We regularly provide advice to nonprofits and tax-exempt organizations on governance and corporate matters, including:
With a full-service Tax and Employee Benefits Department, which includes a nonprofit and tax-exempt organizations practice group, we are uniquely positioned to provide advice to private foundations and other tax-exempt organizations on the myriad tax laws that affect them and with which they must comply under today’s increasingly complex tax landscape. In addition, we regularly provide in-house training seminars to both counsel and business representatives.
Our nonprofit tax practice includes advice and assistance to clients on matters including:
For our nonprofit clients with endowment and other investment assets, we provide advice on a variety of matters and issues, including:
We work with a number of firm clients on sophisticated development and fundraising programs. Because of our representation of both high-net-worth donors and charitable organizations in connection with charitable giving, we have a unique perspective that allows us to anticipate the needs and issues of donors when advising nonprofit entities. This perspective enables us to work with our charitable organization clients in a manner that enables them to meet donor needs, assist donors with compliance with the tax laws, and successfully complete sophisticated or complex gift transactions.
Our work in this area includes:
McGuireWoods’ Demetra Liggins Receives ‘Premier Women in the Law’ Recognition
March 29, 2022
Leading Restructuring Lawyer Demetra Liggins Joins McGuireWoods as Partner in Houston
July 1, 2021
McGuireWoods Again Earns Nationwide Honors in Chambers High Net Worth Guide
August 21, 2020
Procedural Missteps Lead to Loss of Tax Deductions for Charitable Gifts
November 10, 2022
Private Foundations: Exercise Caution to Avoid Self-Dealing
February 2, 2022
New Tax Proposals Alter Charitable Giving Strategies
August 17, 2021
Update on UBTI SILO Rule and IRS Form 990-T Electronic Filing
April 8, 2021
Charitable Lead Annuity Trusts: Planning Opportunities in Today’s Low-Interest-Rate Environment
February 11, 2021