Nonprofit

  • Formation of nonprofit organizations, including private grant-making foundations, private operating foundations, public charities and supporting organizations
  • Governance issues, including board structure, committee charters, corporate policies, and the fiduciary duties of directors and officers
  • Self-dealing, taxable expenditures, excess business holdings and minimum distribution rules for private foundations
  • Mergers, acquisitions, joint ventures, terminations and conversions of nonprofit organizations
  • State and local property and sales tax exemptions
  • Charitable solicitation registration, reporting, and other compliance issues
  • Endowment fund issues, including creation, management and administration, and compliance with UPMIFA
  • Restricted gifts, donor advised funds, and board designated funds
  • Fiscal sponsorships
  • Grantmaking and expenditure responsibility
  • Planned giving arrangements, including charitable remainder trusts, charitable lead trusts, gift annuities and bargain sales
  • Gifts of real estate and privately-held business interests
  • Program-related investments
  • Scholarship programs
  • IRS private letter rulings and determination letters
  • Unrelated business income tax (UBIT) issues
  • Advocacy, lobbying and political activities

Representative Clients

  • Adolph Coors Foundation
  • Aspen Community Foundation
  • Children’s Hospital Colorado Foundation
  • Colorado School of Mines Foundation
  • Craig Hospital Foundation
  • Gates Family Foundation
  • Rose Community Foundation
  • The Denver Foundation
  • The Piton Foundation
  • Telluride Foundation
  • Yampa Valley Community Foundation