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Nonprofit Organizations

Our involvement with sophisticated charitable organizations incorporated in California includes serving as general counsel to a complex family of entities that operates affordable housing facilities, assisting the Board of Directors of an organization with over $200 million in annual revenues in navigating the safe harbors on reasonable compensation, and forming organizations to assist hospitals and universities in off-balance sheet financings.  In addition, we have advised a considerable number of other corporate private foundations and individual private foundations with respect to ...

Orrick Lawyer Co-Authors Article Addressing Unique Confirmation Issues in Nonprofit Cases

by Evan Craig Hollander | November.16.2016

  Orrick’s Evan Hollander co-authored an article for The Norton Annual Survey of Bankruptcy Law (2016 Edition) addressing unique confirmation issues faced by nonprofit debtors in Chapter 11. The article addresses the applicability of the absolute priority rule, distinctive feasibility issues, and appropriate comparators when considering the best interests test in a nonprofit case. The

Nonprofit Corporation Financing

Lawyers in our Nonprofit practice have been providing legal counsel to nontraditional issuers such as corporations that are just now establishing nonprofit status, and to organizations that may not even have the assets to qualify for a tax-exempt bond issuance under typical circumstances. We have acted as bond counsel for almost all of the tax-exempt financings for cultural institutions that have been done in New York and for numerous such financings in California. We also have extensive experience as bond counsel, underwriters’ counsel and institution counsel for colleges, universities, ...

Orrick Lawyer Co-Authors Article Addressing Unique Confirmation Issues in Nonprofit Cases

by Evan Craig Hollander | November.16.2016

  Orrick’s Evan Hollander co-authored an article for The Norton Annual Survey of Bankruptcy Law (2016 Edition) addressing unique confirmation issues faced by nonprofit debtors in Chapter 11. The article addresses the applicability of the absolute priority rule, distinctive feasibility issues, and appropriate comparators when considering the best interests test in a nonprofit case. The