Location: Via telephone

Additional Info: Oregon State Bar

Cost: $65

Description:
The choice of entity for nonprofit and charitable organizations can be more complex than for profit-making entities. The distinctions between the entities available to nonprofit and charitable organizations can be very fine, but the consequences of the choice are substantial, implicating a range of real-world restrictions on operations, joint ventures, taxes, disclosures, and more.

Also, the choice of entity can be dramatically affected, depending on the mission of the nonprofit—educational or cultural, medical and human services, or something else.

This program provides you with a practical framework of decision points for choosing the right entity for your client’s nonprofit or charitable mission.

• Framework of entity choices available to nonprofit and charitable entities
• Corporations, private foundations, donor-advised funds, public charities and supporting organizations, and more
• Taxes and real-world restrictions on the activities and investments of each type of entity, including joint ventures with profit-making organizations
• Best choice of entity depending on mission—health care, education, human services, arts, and more
• Practical advice on obtaining tax-exempt status once an entity choice has been made

1 General CLE credit

Speakers:

Michele A.W. McKinnon is a partner in the Richmond, Virginia, office of McGuireWoods LLP, where she an extensive tax-exempt organization and charitable giving practice. She has more than 20 years of experience representing public charities, major colleges and universities, supporting organizations, large private foundations, and charitable trusts. She is a Fellow in the American College of Trust and Estate Counsel and currently serves as its Virginia State Chair. Ms. McKinnon received her LL.M. in taxation from the College of William & Mary Marshall-Wythe School of Law.

Michael Lehmann is a partner in the New York office of Manatt Phelps & Phillips LLP, where he specializes in tax issues related to nonprofits and the tax treatment of cross-border transactions. He advises hospitals and other health care providers, research organizations, low-income housing developers, trade associations, private foundations, and arts organizations on obtaining and maintaining tax-exempt status, executive compensation, reorganizations and joint ventures, acquisitions, and unrelated business income planning. Mr. Lehmann received his LL.M. from New York University School of Law.