Exempt Tax Law, PLLC provides legal services to nonprofit organizations recognized by the IRS as tax-exempt "501(c)(3) organizations".
There are over one million 501(c)(3) organizations in the United States. This broadly defined category includes publicly supported charities, private foundations (family and corporate), colleges, schools, universities, churches, religious organizations, supporting organizations, and other types of organizations.
Exempt Tax Law's services include forming 501(c)(3) organizations and securing IRS recognition of tax-exempt status; providing advice regarding "best practices" for governance and investment compliance with the Uniform Management of Institutional Funds Act (UMIFA) and its successor, the Uniform Prudent Management of Institutional Funds Act (UPMIFA); providing executive compensation planning; providing advice concerning charitable contributions and capital campaigns, planned giving (charitable remainder trusts, charitable lead trusts, charitable gift annuities), corporate sponsorships, royalty license agreements, "affinity" credit card agreements, and protection of intellectual property rights (i.e., trademarks and service marks); drafting and reviewing agreements with vendors and service providers; providing advice in regard to federal tax laws related to lobbying and political campaigns, compliance with federal tax laws, IRS Form 990, obtaining a group exemption ruling from the IRS for "subordinate units", forming and integrating supporting organizations, and operating as a donor advised fund.
The firm also provides advice related to understanding and complying with the special tax laws (Internal Revenue Code sections 4940 et seq.) which apply uniquely to private foundations and private operating foundations.