Bring Your Vision To Light
Our mission is to serve, as you navigate this world of change, with the singular goal to bring your vision to light.
“We design affiliate structures that power universities — from endowment and research foundations to the new capital vehicles reshaping college athletics.”
Grayson Law Firm is a national leader in nonprofit, higher-education, and university-affiliated entity law. We serve institutions that operate at the intersection of mission, governance, and capital.
When universities build well-governed and enterprise-aligned affiliate entities, they unlock capabilities no public structure can achieve alone.
Our General Counsel Services Include:
- Counseling on governance design, board optimization, the CEO/ Board relationship, and conflict resolution;
- On-going advancement of internal controls, organizational learning, and preservation of institutional knowledge;
- Leadership succession planning, hiring, and removal;
- Formation of nonprofit organizations and preparation/ submission to the IRS of applications to be recognized as tax exempt pursuant to IRC section 501(c) ;
- Drafting and on-going work with charitable trusts, CRATs, CRUTs, and CLATs;
- Assistance and support of development officers in connection with major gifts, planned gifts as well as the establishment of scholarships and the endowing of charitable programs and operations;
- Establishment and advise on modifications of endowments and institutional funds, as well as advise on fiduciary issues in connection with or arising out of the Uniform Prudent Management of Institutional Funds Act (“UPMIFA”).
- Compensation opinions and assistance organizations in the establishment of the rebuttable presumption of reasonableness.
- Investigations and advising on excess benefit transaction violations, private inurement violations, and instances of potential financial impropriety;
- Assist in bargain sale transactions and in-kind gifts;
- Consultation and advice regarding unrelated business income tax;
- Managing probate issues and filing of creditor claims on a national basis;
- Venture philanthropy;
- Issues affecting organizations recognized as tax exempt pursuant to IRC section 509(a)(3).
- Tax, nonprofit, and 501(c)(3) opinions, and assistance with federal tax reporting, form 990 disclosures, and audit responses;
- All manner of general contract work.