White Paper

12 Pages
  • 12 Pages

Nonprofit Joint Ventures - Partnering with For-Profit Organizations


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



Elaine Waterhouse Wilson

Elaine Waterhouse Wilson

  • Professor of Law and prior Associate Dean for Academic Affairs, West Virginia University College of Law
  • Teaches federal income taxation, taxation of business entities, estate and gift taxation and estate planning, nonprofit organizations, contracts, and other areas of transactional law
  • 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
  • Prior Chair, Charitable Group of the American Bar Association’s Section on Real Property, Trusts, and Estates; Past Chair of the ABA Charitable Organizations Group
  • WVU College of Law’s 2014 Professor of the Year; 2015 WVU Foundation Professor of the Year
  • Listed in The Best Lawyers in America, 2007 to present, nonprofit/charities law
  • Named as one of the 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
  • Can be contacted at [email protected] or 304-293-7802
No photo available

Elaine Cusanelli


  • State and local tax director with more than 20 years of experience, including 13 years with PricewaterhouseCoopers LLP
  • Experience in the abandoned and unclaimed property area since the mid-90s
  • Highlights of prior speaking engagements and articles include: Tax Executives Institute in Phoenix, Arizona, September 2012; Unclaimed Property Professionals Organization Annual Conference in Orange Grove, California, March 2010; Abandoned and Unclaimed Property Session at the Council on State Taxation's 40th Annual Seminar in Las Vegas, Nevada, October 2009; and PricewaterhouseCoopers LLP Abandoned and Unclaimed Property Briefing, Issue 4 – 2012, July 2012
  • California and New Jersey CPA
  • Can be contacted at 858-677-2484 or [email protected]

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