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Locke Lord has a long tradition of serving nonprofit entities, including universities, seminaries, hospitals, other health care and social service organizations, museums, religious entities, private foundations and trade associations. We represent a variety of organizations in the world of nonprofits, from the banks that provide financing and the foundations that provide financial support, to the insurance companies that structure unique programs for charities. Locke Lord also assists corporations and individuals in establishing charitable trusts and/or private foundations to facilitate charitable giving. We have considerable experience in securing and maintaining tax-exempt status for nonprofit organizations and deal extensively with the Internal Revenue Code's provisions regulating unrelated business taxable income and debt-financed income.
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