Corporate and 501(c)(3) Partnerships: A Synergy of Contrasts

Yin and yang, chocolate and vanilla, Nonprofit and For Profit. A partnership of contrasting forces can bring out the best of both sides. Of course, if you go about mixing opposites incautiously, you can end up like baking soda and vinegar (which is only good for science experiments). A savvy attorney knows how to strike a balance for the client's benefit. This course, taught by attorney Todd Kulkin, is meant to educate you on and guide you through the varieties of legal structures behind partnerships between for-profit entities and 501(c)(3) tax-exempt entities. You'll learn how to counsel each side while protecting tax exempt status, the different structures that you can use to obtain these ends, and how to work towards mutually desirable goals without risking economic or legal penalties for mixing non- and for-profit approaches.

Learning Objectives:

I.     Understand the different ways in which 501(c)(3) non-profits can work with for profit companies

II.    Navigate different legal structures that will allow for a greater impact, with legal protection for both for-profit and non-profit entities

III.   Gain an understanding of the Unrelated Business Income Tax and how it can affect your strategic partnerships with for-profit entities

IV.   Assist your clients in avoiding excess benefit transaction penalties

V.    Utilize proactive and reactive techniques to ensure that your not-for-profit client doesn't lose their exempt status