Drawing upon decades of experience, we assess our nonprofit clients' real estate needs, funding sources, government regulatory requirements, procurement and funding realities, and tax exemption considerations to formulate strategies that allow them to meet their real property needs and further their missions, while protecting their resources for years to come.
We represent cultural, educational, religious, and other charitable and community nonprofits in a wide range of matters, including acquisitions, dispositions, leasing, joint ventures, construction and real estate development projects, formation of leasehold condominiums, creation of charitable pledge agreements, and financing and funding, including grants and bonds. Whether it is advising a new not-for-profit on its first lease for office space or working with a university on a major capital project, we're honored to be a trusted advisor to our not-for-profit clients.
Our team works to build consensus among the parties to a not-for-profit transaction, educating the stakeholders on the not-for-profit's legal and timing requirements. This may include negotiating agreements with government entities, obtaining real property tax exemptions, and incorporating government funding requirements into development and construction agreements. We work with Venable's tax practice to help clients obtain federal income tax exemptions and minimize unrelated business taxable income (UBTI). We further advise on compliance with the New York Not-For-Profit Corporation Law and New York Education Law, and attorney general or court oversight and approvals for certain transactions.