Adler & Colvin assists clients with the formation of new charities and other nonprofit organizations.
Unlike business corporations, which are owned by and owe allegiance to shareholders, nonprofits are governed by boards of directors in accordance with each organization's purpose, articles, and bylaws.
The Internal Revenue Code divides organizations exempt under Section 501(c)(3) into two distinct tax categories - public charities and private foundations.
Private foundations are charities that ordinarily rely for their support on a single company, family, or individual.
The art of grantmaking has become increasingly complex, varied, and nuanced in recent years.
Charities are focusing more and more attention on revenue-generating activities, both as a means of carrying out their missions and as a means of generating revenue to support their missions.
Social Enterprises can be established as for-profit or non-profit organizations, and sometimes they involve a combination of both, raising challenging legal issues.
This practice area concentrates on relationships or transactions between nonprofits, and between nonprofits and for-profit entities.
Adler & Colvin provides a broad spectrum of charitable giving services to both nonprofit organizations and the individuals and companies who support them.
The Internal Revenue Service, the California Franchise Tax Board, and state Attorneys General retain the right to audit a charitable organization's activities to ensure compliance with federal and state tax-exemption requirements and state charitable trust laws.
Nonprofits that wish to involve themselves in lobbying and political activities need to know beforehand what the tax laws will allow.
Philanthropy, like information, has no borders. Each country, however, has its own specific laws governing what nonprofits may and may not do.
Because of the protections afforded by the U.S. Constitution in the Establishment and Free Exercise Clauses, religious institutions are subject to tax and corporate rules that differ greatly from those applicable to other nonprofit organizations.
Adler & Colvin represents and advises a range of tax-exempt organizations that do not fall within the 501(c)(3) category.