Practice Areas

Tax-Exempt Organizations & Executives

We provide comprehensive advice to tax-exempt organizations and executives on employee benefits, tax, and corporate governance issues. We counsel organizations and executives of credit unions, universities, hospitals, museums, trade associations, business leagues as well as other tax-exempt organizations.

Our group’s experience with the unique employee benefit needs of tax-exempt organizations includes assistance with eligible and non-eligible deferred compensation plans under Code Section 457, broad-based plans and 403(b) plans as well as executive compensation arrangements.

We regularly advise executives of tax-exempt organizations on employment and severance agreements at the commencement and exit of their relationships.

Our deep knowledge also covers all aspects of other legal challenges facing tax-exempt organizations. We regularly provide advice on the corporate governance and taxation issues facing these entities regarding formation and administration, fundraising, advertising, unrelated business income tax as well as IRS audits and attempts to revoke tax-exempt status.

We provide guidance to tax-exempt organizations on the creation of for-profit subsidiaries and entering into joint ventures.

We have structured supplemental retirement plans for benevolent associations, negotiated employment and severance agreements for senior executives and routinely counsel trade associations, business leagues and other tax-exempt entities on day-to-day administrative issues including advice on complex federal and state tax issues.

Awards

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Who’s Who Legal Awards

Charter Fellows of the College of Labor and Employment Lawyers

Former Chairs of the American Bar Association’s Labor and Employment Law Section

New York Super Lawyers

Former Chairs of the New York State Bar Association’s Labor and Employment Law Section

Former Chair of the American Bar Association’s Equal Employment Opportunity Committee

AV Peer Review Rating by Martindale-Hubbell

Practice Highlights

  • Counsel to multi-billion dollar pension funds.
  • Successfully designed, created and obtained regulatory approval of a cutting-edge welfare benefit plan with multiple employer participation.
  • Negotiated a severance package and agreement for a senior executive of a Fortune 500 company.
  • Successfully defended a multiemployer pension plan against the Department of Justice, having several hundred thousand dollars in penalties abated.
  • Counsel to the employee benefit plans of professional athletes.
  • Established nonqualified deferred compensation plans for tax-exempt entities with significant assets.
  • Counsel to VEBAs with individual assets exceeding $500 million.
  • Negotiated an employment agreement for a senior executive in conjunction with a change in control.