David is a partner of the law firm of Sheppard, Mullin, Richter & Hampton LLP and is head of the firm's Non Profit Sector Team.
Areas of Practice
David provides general business and tax advice to educational, public and religious charities such as Childhelp USA, the American Film Institute, Aids Project Los Angeles, Catholic Charities of Los Angeles, Mission Without Borders, Foundation for Global Sports Development and others. His work includes: (i) preparing applications on behalf of these Not-for-Profit entities for tax exemptions and non-profit status under federal and state tax guidelines; (ii) giving ongoing advice to prevent jeopardizing their non-profit status; (iii) helping non-profits to joint venture on projects with other non-profits as well as for profit entities; (iv) dealing with excess benefit and private inurement issues; (v) handling all aspects of unrelated business taxation issues; (vi) drafting donation and sponsorship agreements; (vii)providing guidance on non-profit governance and appropriate director and officer conduct, including compliance and disclosure issues; and (viii) reviewing Director & Officers liability and insurance issues.
David is actively involved with a non-profit organization, Foundation for Global Sports Development, that works closely with the International Olympic Committee and a variety of International Sports Federations on global sports development projects. David was also actively involved in researching the use of performance-enhancing substances by former East German athletes and contributed to a book on the subject called Faust's Gold.
David has extensive experience in the structuring of corporate reorganizations, including mergers, stock for stock exchanges, corporate spin-offs and shareholder redemptions, as well as the tax treatment of "S" corporations. He has handled all aspects of partnership and limited liability company taxation including formation and dissolution of partnerships and LLC's, drafting partnership and LLC agreements, merging of partnerships and tax treatment of partners, and LLC members in transactions with their companies.
Representative Foundation/Non-Profit Clients
All American Motorsports Foundation
American Film Institute
The Angus Mitchell Foundation
The Annenberg Foundation
The Annenberg Space for Photography
British Academy of Film & Television
Catholic Charities of Los Angeles
Central Hollywood Coalition
Harry and Judith Collins Foundation
Christian Broadcasting Network
Commerce of Concerned Christians
Cottonwood Christian Center
The Disc Foundation
Discovery Fund for Eye Research
Foundation for Global Sports Development-Board Member/Officer
Frank & Janet Foster Foundation
Generosity Water, Inc.
Glory Tabernacle Metropolitan Church
The Hale Foundation
The Healing Channel
Herbalife Nutrition Institute
Humane America Foundation
International Surfing Association Foundation
B.K. Kee Foundation
Kiang Family Foundation
Knowles Family Foundation
La Valencia Hotel Employees Scholarship Foundation
Leonard Schwartzman Foundation
Lew Wasserman Scholarship Foundation
Life Be In It
Lifeline Partners Foundation
The Little Chapel
The Ann and George Lopez Foundation
Los Angeles Sephardic Home For the Aging
Los Angeles Tennis Club
The Kim and Harold Louis Family Foundation
Taylor and Diane Miller Family Foundation
Mission Without Borders
Noreen Fraser Foundation
OnPoint Technologies, Inc.
George A. Pflaum Foundation
Project Concern International
Province of St. Augustine of California
Sojourn Care Foundation
United Church of God
Watts Health Foundation, Inc.
We Care For Kids, Inc.
The Kevin Wendle Foundation
The Yanks Air Museum
· Member, American Bar Association Subcommittee on Partnership Taxation
· Adjunct member, American Bar Association Subcommittee on Corporate Taxation
· Board of Directors, Terralex, an international referral service for law firms
· Professor, University of Southern California Masters Tax Program, where he taught classes on the Taxation of Corporations and Shareholders
· Board of Directors, several non-profit foundations
Art Gallery Law Blog Articles
· "The Art of Making Donations", March 18, 2009
Corporate & Securities Law Blog Articles
· "IRS Issues New Guidance to Private Foundations on Program Related Investments," May 14, 2012
(Also at Avenue of the Stars Office)