Nonprofit and Exempt Organizations

Nonprofit and Exempt Organizations

Anderson Partners LLC has experience in structuring and forming partnerships and limited liability companies used by exempt organizations as acquisition vehicles, as well as investment partnerships formed with exempt partners. Our attorneys handle sophisticated income, estate and gift tax planning for closely held corporations, their executives and their owners, including issues associated with Subchapter S and limited liability companies, partnerships, and private foundations.

We provide advice to enable a charitable organization to qualify as a public charity rather than as a private foundation, which offer requires a detailed scrutiny of the organization’s sources of support and relationships with other charitable organizations which it may “support” under the tax laws.  We have also established and received Internal Revenue Service private letter rulings for schools, civic organizations, business leagues, community charitable programs, and other federal and local community service organizations.

In addition to our affordable housing clients, we are counsel to a myriad of tax-exempt institutions such as hospitals and universities in connection with their real estate ownership, labor issues and charitable giving programs, including endowment funds, outright and restricted gifts, charitable remainder trusts and charitable lead trusts.

 Our Services Include:

  • Formation of Nonprofit Organizations
  • Structuring Joint Ventures with For-Profit Partners
  • Assist with Applications for Tax-Exempt Status
  • Assist with Registration under Applicable State Charitable Solicitation Act Statutes
  • Assist with Sales Tax Exemption
  • Assist with the Filing of Federal Income Tax Returns (Forms 990 and 990-PF)
  • Advise as to Permitted Lobbying Activities
  • Advise as to the Applicability of Private Foundation Excise Taxes
  • Establish Scholarship Programs for Private Foundations Maintained by Private Corporations
  • Assist with Governance and Compliance Issues, including conflict of interest policies, code of ethics review, whistleblower policies, investment and budge procedures, and mission review

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