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Not-for-Profit

An interdisciplinary range of services

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From developing planned giving programs to advising on corporate governance matters, Olshan’s Tax attorneys offer not-for-profit clients a comprehensive range of legal services.

Not-for-profit entities are subject to special tax rules and corporate oversight. We advise our not-for-profit clients, including several prominent U.S. and foreign charities and numerous family foundations and religious organizations, on by-law and governance best practices, conflicts of interest, and transactions that potentially could subject them to excise taxes. 

We also assist clients in negotiating joint venture and partnership arrangements with other not-for-profit entities, and advise them on investments that could give rise to the federal tax on unrelated business income (UBIT).

Many not-for-profits face the same challenges as for-profit companies. We advise our clients on a wide range of intellectual property matters, including protection for their valuable trademarks and trade names, and assist them in negotiating licenses and other intellectual property agreements. 

We advise clients on both Web-based and traditional fundraising strategies, privacy matters, tax disclosure and compliance issues, and state matters involving the Office of the New York Attorney General (Charities Bureau). We also assist clients in negotiating and re-negotiating their leases, and on labor-related and compensation matters.

Not-for-Profit Services:
  • Organizing public and private charitable organizations
  • Tax-exempt status applications
  • Planned giving programs, including charitable remainder and lead trusts, donor-advised funds and charitable gift annuity programs
  • Governance and compensation matters
  • Laws applicable to endowments
  • Intellectual property protection
  • Tax compliance matters, including UBIT issues
  • Contract and lease matters
  • Represented Metropolitan College of New York, a college founded in 1964 by educational pioneer Audrey Cohen, in the purchase of a commercial condominium to house its growing college programs within a $40 million development known as the Triangle Plaza Hub in the South Bronx . The construction and purchase of the condominium is being financed using New Markets Tax Credits. The Real Deal reported on the purchase.
  • Assisted the Valenti Claverol ArchivesTM in the organization of Andorran Memories, a retrospective of the works of Valenti Claverol on view at The Spanish Institute in New York City, and in publication of the catalogue accompanying the exhibit, published by Turtle Point Press in August 2001.
  • Served as counsel to The American Jewish Joint Distribution Committee, Inc. (JDC), the overseas arm of the American Jewish community, sponsoring programs of relief, rescue and reconstruction to those in need throughout the world. Advised JDC on the historic merger of the United Jewish Appeal and the Conference of Jewish Federations to create the United Jewish Communities. We also assisted in JDC's acclaimed exhibition, To the Rescue: Eight Artists in an Archive, which opened at the International Center of Photography and subsequently toured the United States.