Does Your Client Qualify for a Charitable Property Tax Exemption?

By Karyn R. Vanderwarren

Whether you’re counsel to a charity or a board member, you can help the organization determine whether it qualifies for a charitable property tax exemption and, if not, how it might make itself eligible.

Charitable organizations are once again considering capital campaigns as they recover from losses on endowment funds and decreased funding in recent years. Charity boards, which count attorneys among their membership, will make important decisions about capital investments. Attorneys can provide a valuable service to charitable organizations, either as board members or as retained counsel, by educating charity boards about the importance of the property tax exemption in their decision-making. Familiarity with the law’s requirements can also prevent boards from making decisions that could jeopardize an already-granted exemption. Continue reading