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Course/Product Description

Nonprofit Joint Ventures - Partnering with For-Profit Organizations

Date / Time: Recorded
Format: Webinar
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In a time of economic upheaval, nonprofits everywhere are struggling for new sources of funding and expense sharing. Simultaneously, the nonprofit sector has seen a growth in social enterprises - businesses designed not just to make a profit, but to further social goals. Given these two trends, more and more nonprofits find themselves considering for-profit activities such as joint ventures.

This live webinar will cover the basic tax issues of for-profit/nonprofit joint ventures, IRS pronouncements and court cases to date, and some drafting tips and practical issues that may arise in forming a joint venture.

Learning Objectives:

  • You will be able to review exemption issues.
  • You will be able to identify UBTI issues.
  • You will be able to discuss Revenue Ruling 98-15.
  • You will be able to explain debt structures and liabilities.


I. Exemption Issues

  • Organizational and Operational Tests
  • Private Inurement and Private Benefit
  • Plumstead Theater and For-Profit Activities

II. UBTI Issues

  • General Background
  • UBTI Taxation of Partnerships, S. Corp. and Dividends

III. Revenue Ruling 98-15: The Good, the Bad and the Ugly

  • Background: Whole Hospital Joint Ventures vs. Ancillary Joint Ventures
  • The Good Example
  • The Bad Example

IV. St. David's, Redlands and Other Guidelines

  • Redlands
  • St. David's
  • Educational Rulings and Ancillary Joint Ventures

V. Practical Issues and Drafting

  • Purpose Statement in the Joint Venture
  • Board Control
  • Management Agreements
  • Debt Structures and Liabilities
  • Other Traps

The Presenters:

Elaine Waterhouse Wilson, West Virginia University College of Law

  • Associate professor, West Virginia University College of Law, teaching federal income taxation, taxation of business entities, estate and gift taxation, and nonprofit organizations
  • Previously a partner in private practice in the Tax-Exempt Organizations Group of the Chicago office of Quarles &Brady LLP (2007 to 2011); an associate and then partner in the Estate Planning Group of the Indianapolis office of Barnes &Thornburg LLP (1996 to 2007); and an associate in the Individual Client Practice of Sullivan &Cromwell in New York City (1993 to 1996)
  • Named Nonprofit Lawyer of the Year for Chicago for 2012 by the Leading Lawyers Network
  • Vice chair, Charitable Group of the American Bar Association's Section on Real Property, Trusts and Estates
  • Listed in The Best Lawyers in America, 2007 to present, nonprofit/charities law
  • Named to 40 Illinois Attorneys Under 40 To Watch, Law Bulletin Publishing Company, Chicago Lawyer magazine and The Chicago Daily Law Bulletin, 2009
  • Received the 2006 Pro Bono Publico Award, Indiana Bar Foundation
  • J.D. degree, magna cum laude, Boston University School of Law; B.A. degree, magna cum laude, Boston University College of Liberal Arts

Continuing Education Credits

Credit is available only for the LIVE webcast. Recorded versions do not qualify for credit. Only registered and paid attendees will receive continuing education credit. Certificates of Completion are provided to each registered attendee. Your certificate will be emailed to you within two weeks following completion of the program.

Cannot Attend The Live Presentation?

This presentation is also available in a recorded format, in CD version, as shown in the pricing options below.

About Webcasts / Audio Conferences / Podcasts:

Webcasts, audio conferences, and podcasts are presentations that you attend via the Internet, phone, or mobile device at a specified date and time for "live" versions, or at your convenience for "recorded" and "On-Demand" versions.

The live versions are interactive, meaning that participants can ask questions in real time, plus are a very cost-effective form of training because 1) you receive fast, convenient learning without any out-of-office time; 2) you can invite as many colleagues as you'd like to listen in on a single phone line; 3) you incur no travel expenses; and 4) you and your colleagues are back at work immediately after the session ends!

And though with recorded versions you do lose the ability to ask questions, you gain the ability to hear the presentation numerous times and to share it with others in your office.

Handout materials and the phone number for live presentations are made available to you prior to the event via email from the presenter and from the "MyAccount" link on the menu bar. Copies of the presentations are included with recorded versions.

Licenses / Designations / Educational Credits:CPE
All US States: 1.5

All US States: 0.5
About The Provider: Lorman Education Services has provided educational seminars and online training for professionals since 1987.

Since then, we've kept thousands of professionals in the United States and internationally current on the most pressing topics in a rapidly changing marketplace of ideas. Like you, we understand the need for concise, accurate information.

That understanding underlies each Lorman course, presenting the latest information on the laws and regulations critical to your organization's successful daily operations.

Moreover, each course receives our painstaking attention to be certain both the faculty and participants receive the individual attention necessary to achieve maximum benefit from the materials.
More Info: Contact Us For More Information
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