Tax Issues for Not for Profits

We have one of the preeminent nonprofit tax practices in the United States. Morrison & Foerster routinely advises a wide range of exempt organizations, including charities large and small, corporate and private foundations, community foundations, and their affiliates. In particular, our lawyers advise private and corporate foundations on matters including grantmaking, international activities, including expenditure responsibility and Patriot Act compliance, investment activities, and program-related and mission-related investing. We represent tax-exempts in mergers, acquisitions, and dissolutions; structure taxable and exempt subsidiaries and affiliates, commercial co-venture arrangements, and joint ventures; negotiate major gifts and intellectual property transactions; and create microfinance and social investing funds.

We address the full gamut of exemption related issues, including unrelated business income tax, fundraising and corporate sponsorship, state charitable solicitation regulation and co-marketing, compensation, self-dealing and intermediate sanctions, public disclosure requirements, and charitable governance best practices.

Morrison & Foerster is playing a leading role in the development of new nonprofit corporate forms that are hybrids of for-profit and nonprofit models, such as the low profit limited liability company, which are expected to create new vehicles for corporate social responsibility, and venture philanthropy.