Tax-exempt organizations rely on gifts, grants, and contributions from private foundations, corporations, government agencies, and the general public to fund their charitable activities. An organization’s fundraising activities are subject, however, to Federal tax and state charitable solicitation laws and regulations and specific donor restrictions.
We advise our clients regarding the Federal requirements for properly accepting and documenting charitable gifts, including gifts of cash or property, quid pro quo payments and corporate sponsorships. We also advise clients regarding registration, exemption, and disclosure requirements under state charitable solicitation laws and the proper structuring of commercial co-venture or “cause related marketing” relationships.
We work with our clients and their donors to draft gift agreements and gift-acceptance policies, and advise our clients regarding compliance with donor-imposed gift restrictions and grant reporting requirements. Where necessary, we work with the Attorney General’s Office or seek court approval to modify gift restrictions. We also help clients identify fiscal sponsors and establish donor-advised funds, when these options best further the clients’ philanthropic goals.