Thompson & Knight represents nonprofit and for-profit entities, as well as high-net worth nonprofit donors, throughout the country to advise them on their organization and operations. Our attorneys are acclaimed national speakers and published authors who keep informed of current developments and pending local, state, and federal legislation in the field.
We received a first-tier ranking in Dallas for Non-Profit/Charities Law in the 2016 "Best Law Firms" directory, published by U.S. News - Best Lawyers®. David M. Rosenberg is one of only 10 attorneys in Texas named to The Best Lawyers in America® 2016 by Woodward/White Inc. for Non-Profit/Charities Law.
Our clients include private foundations, publicly supported charities, arts and cultural groups, academic and religious institutions, professional societies, employee and trade associations, social clubs, universities, hospitals, social welfare organizations, and title-holding corporations. We advise them on their formation, incorporation, tax-exempt qualification, maintenance, reorganization, restructuring, and legal termination, and have distinct skill at helping individuals with charitable lifetime and testamentary planning.
As part of our representation of charitable and nonprofit organizations, we:
- Obtain and maintain exemptions from federal income, state franchise and sales and use, and local ad valorem taxes
- Assist in compliance with Internal Revenue Code provisions and IRS rulings, Treasury regulations, judicial decisions, state tax statutes, and administrative regulations
- Assist in compliance with state and federal public disclosure laws
- Represent clients in Internal Revenue Service audits and appeals regarding exempt status, unrelated business income, for-profit subsidiaries, intermediate sanctions, and other issues
- Represent clients in litigation, declaratory judgment proceedings, and appeals in the U.S. Tax Court, federal district courts, and various state courts
- Help clients secure IRS rulings regarding the effect of proposed transactions or activities upon their tax-exempt status
- Draft and interpret contracts
- Assist in interaction with for-profit entities, including joint venture arrangements
- Help directors and trustees of exempt organizations and charitable trusts with governance, indemnification, and insurance issues
- Create and maintain charitable lead and charitable remainder annuity trusts and unitrusts
- Assist clients in managing the federal income tax consequences from gifts of appreciated property, pooled income funds, gift annuities, and other sophisticated forms of giving
- Act as borrower's counsel for charitable organizations involved in tax-exempt bond issuances