Practice/Industry Group Overview
Attorneys at GrayRobinson have considerable experience advising not-for-profit and tax-exempt organizations. In addition to addressing taxation and general corporate issues, attorneys provide the necessary guidance to support the development of each organization's vision.
While the overall experience of GrayRobinson attorneys in this area of law would be too great to name in its entirety, the following are specific representative examples:
Hope Worldwide, Inc., an international social welfare organization with a $23 million budget. Florida Hospital Foundation and Celebration Health Foundation, organizations that promote the growth of health and wellness facilities. Central Florida High-Tech Corridor, a group that strives to attract high-tech businesses to the region. Florida Manufacturing Technology Council, an association to assist manufacturers with integrating technology into their operations. Campus Crusade for Christ and Wycliffe Bible Translators, both religious organizations Excel Alternatives, Inc., as provider of alternative educational services and Page Schools, Inc., not-for-profit educational organizations. University High School Education Foundation and Lee Middle School Foundation, which required assistance in their formation and development of fund-raising activities. Palm Bay Utility Corp., a utility corporation for which the firm provided advice on formation, operation and bond issues. Celebration Foundation, a community service organization.
A Wide Range of Services For these and other not-for-profit organizations, the firm has assisted in a number of areas, including:
- Advice regarding tax-exempt status and operation
- Corporate transactions
- Initial qualification as a tax-exempt entity
- Contracts Formation of operating entities
- Structuring planned giving arrangements Intermediate
- Sanctions Drafting conflict-of-interest policies
- Directors' liability issues
- Implementing for-profit subsidiaries
- Structuring and receiving major contributions
The firm's attorneys also have experience in advising clients regarding the impact of a transaction on an organization's tax-exempt status, representing clients before federal and state tax agencies, examining revenue issues and providing other technical advice. Attorneys also can assist in the design of employee compensation plans including qualified deferred compensation plans.