CHURCH AND NONPROFIT PRACTICE

T he importance of nonprofit organizations to society, in general, is often not stated enough. In a world that is increasingly becoming more profit-oriented, nonprofits perform a role that is consciously dedicated to improving the lives of people. The resources, goods, and services they willingly provide through various programs impact every sector of society.

The last few years have seen the government and the private sector cut back on their charitable activities, and this effectively makes nonprofit organizations indispensable for countless people.

Our attorneys at Provident Law® recognize how essential nonprofits are to society. These organizations merit a great deal of respect and admiration. They deserve all the support they can get, and Provident Law® does its share by providing them the counsel and legal services they need.

We counsel and serve charities, foundations, churches, private schools, colleges, universities and other types of nonprofit organizations — providing broad transactional and general counsel services.

On a daily basis, our clients write a new narrative for our future: the future of education, the future of generosity, the future of kindness and care for the poor and powerless. They encounter complex situations that demand excellent legal service, from corporate structuring to raising capital to employ volunteers and executives. On all these issues, we can deliver. They deserve it.

OUR NONPROFIT PRACTICE SERVICES

  • Formation
  • Corporate and Finance
  • Governance and Industry-Specific Best Practices
  • Employment
  • Philanthropy

WHILE THERE IS MUCH BEHIND EACH AREA OF NONPROFIT PRACTICE, THIS IS A SCOPE SUMMARY OF EACH

Formation

We form and qualified 501(c)(3) organizations, all of which are exempt from federal income tax under the United States Code.

Philanthropy

We structure tax-advantaged gifts and establish family foundations and charitable trusts.

Corporate and Finance

We effectuate mergers, acquisitions, joint ventures, bond financings, mortgage financings, and bridge loans. We plan and structure ownership of for-profit and nonprofit subsidiaries. We also guide organizations in their ongoing compliance with I.R.S. rules and regulations regarding their tax-exempt status, including the treatment of unrelated business income and management of charitable contributions.

Governance and Industry-Specific Best Practices

We prepare and implement organizational documents and policies based on industry-specific best practices. And we support boards of directors, year after year, with timely counsel on good governance.

Employment

We negotiate and prepare executive employment agreements. We also analyze issues in connection with teams of volunteers and employees, drafting employee handbooks and policies. Among those, we understand key matters to assist clergy, ministers, and pastors. And we help put these plans into practice.

The Need for Nonprofit Practice

However, they still need to comply with the laws of the land. After all, even charitable work is covered by rules and regulations, and failure to follow those rules could mean the loss of their federal tax-exempt status. No nonprofit would ever want that to happen, because losing their 501(c)(3) status threatens their continued operation, as the foundations and corporations that support them aren’t likely to keep on doing so without it.

When a nonprofit approach us for help with legal questions, we gladly provide exactly what they need. We do our best to get a complete understanding of the specific legal and business needs of the nonprofit organization, whose leaders, we acknowledge, are almost always too busy on other concerns to concentrate on the legal aspects of their organization’s operations.

We guide them through the complexities of state and federal laws and present them specific solutions to any legal challenges they might be facing to ensure their smooth, efficient, and completely legal operation.

Contact Provident Law® today for assistance for any church or nonprofit law questions you may have.