In today's increasingly complicated, regulated and competitive environment, nonprofit and tax-exempt organizations are no longer the exception to the rule. Instead, they face many of the same challenges as for-profit companies and enterprises. The nonprofit and tax-exempt organizations team at McGuireWoods provides comprehensive counsel and a full array of legal services designed to help nonprofits operate successfully. The team consists of a core group of experienced lawyers whose practices focus on the special legal needs of nonprofit, tax-exempt and charitable organizations. In addition to their work on behalf of clients, our lawyers are committed to developing and communicating best practices within the nonprofit sector.
McGuireWoods’ nonprofit and tax-exempt organizations practice team represents a broad range of nonprofits, tax-exempt, and charitable organizations, including private foundations, family foundations, corporate foundations, community foundations, universities, schools and other educational institutions, hospital and health care organizations, medical research organizations, museums, trade associations, churches and religious institutions, and publicly supported organizations. We provide comprehensive advice on all issues these entities may face, including organizational, compliance, planning, governance, reporting and tax issues. We also are a full-service firm, and, for many of our nonprofit clients, we provide a variety of other services, and, if necessary, litigation support. As a full-service law firm, McGuireWoods has the ability to meet clients’ legal service needs with a team of lawyers experienced in the operations and needs of nonprofit and tax-exempt entities.
Our team has extensive experience providing clients with legal services related to:
The team consists of a core group of experienced lawyers whose practices focus on the special legal needs of nonprofit, tax-exempt and charitable organizations. In addition to their work on behalf of clients, our lawyers are committed to developing and communicating best practices within the nonprofit sector. Our group includes a member of the Internal Revenue Service (IRS) Advisory Board for Tax Exempt Organizations and Government Entities, a Tax Notes publisher and member of the board of the Exempt Organizations Tax Review, a member of the advisory board and North American editor for the International Journal of Not-for-Profit Law (IJNL), and a former tax law professor at both the University of Richmond School of Law and the American University Washington College of Law.
Drawing on the resources of our full-service firm, we also counsel clients on issues involving fundraising and development, grantmaking, labor and employment, executive compensation, employee benefits, intellectual property, software and technology, and lobbying and political campaign activities. Our corporate and finance attorneys represent clients in related party structures and joint ventures, bond financing, and other major transactions.
The nonprofit sector is a growing segment of the U.S. economy. With increasing complexity of the tax and regulatory environment at the national, state, and local levels, nonprofits are likely to continue finding themselves in the government’s crosshairs. Our lawyers have closely followed the legislative scrutiny exempt organizations have faced in recent years, including the implications of the recent tax law changes impacting nonprofits.
Private Foundations: Exercise Caution to Avoid Self-Dealing
February 2, 2022
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
End of the Road: Federal Reserve Issues Guidance for Winding Down Main Street Lending Program
November 25, 2020
Main Street Lending Program Adjusted to Better Target Smaller Businesses
November 12, 2020