Nonprofit & Tax-Exempt Organizations
McGuireWoods’ nonprofit and tax-exempt organizations practice provides an array of legal services designed to help nonprofit and tax-exempt organizations operate successfully in today’s environment where nonprofit organizations face unique challenges associated with their tax status as well as many of the same issues as for-profit companies and enterprises.
The team represents nonprofits, tax-exempt and charitable organizations. Our clients include universities, schools and other educational institutions and their affiliated foundations, hospital and healthcare organizations, medical research organizations, publicly supported organizations, community foundations, donor-advised funds and supporting organizations as well as family, corporate and hospital conversion private foundations, museums, trade associations and religious organizations.
We provide advice and counsel on all issues these entities may face. These may include organizational matters and establishment of affiliates; tax and regulatory compliance, including private benefit and private inurement issues; governance matters and the fiduciary duties of directors and officers, endowment and restricted fund management, grantmaking, charitable and planned giving, tax matters, including annual compliance and filings; unrelated business income tax; excess benefit transaction rules; and executive compensation and employee benefit matters. The team advises private foundations on the application of the private foundation tax rules to their activities, including guidance under the self-dealing, taxable expenditures, excess business holdings, minimum distributions and jeopardy investment rules as well as the tax on net investment income.
As a full-service firm, McGuireWoods meets clients’ legal service needs with lawyers experienced in the operations of nonprofit and tax-exempt entities. For many nonprofit clients, we provide other services and, if necessary, litigation support. The services provided to many McGuireWoods nonprofit clients beyond the tax and governance areas often include advice on intellectual property and data privacy issues, real estate transactions, lobbying and political campaign activities, and labor and employment matters. The firm’s corporate and finance attorneys represent clients in related party structures and joint ventures, bond financing and other major transactions.
McGuireWoods’ nonprofit and tax-exempt organizations practice provides charitable, educational and other nonprofit organizations with advice on issues they might face in an increasingly challenging tax, regulatory and legal environment.
Consistently ranked nationally and in Virginia, North Carolina, and Washington, D.C., in private wealth law.
– Chambers USA High Net Worth Guide
