White Paper

8 Pages
  • 8 Pages

Nonprofits and a Memorandum of Understanding


Learn when you should use a memorandum of understanding.

A memorandum of understanding is an agreement that communicates a union between two or more parties. The MOU indicates activity for the common good of the parties. MOUs are often used in situations where parties don’t involve a legal commitment or can’t create a contract that can be legally enforced. This white paper compares MOUs and other similar documents and discusses when to use an MOU and whether or not an MOI is binding.



Henry H. Raattama, Jr.

Henry H. Raattama, Jr.

Akerman LLP

  • Partner at Akerman LLP
  • Focuses on nonprofit organizations, higher education institutions, individuals, and families in complex tax, estate, and business planning matters
  • Chambers USA describes him as a leading nonprofit expert and notes his tremendous reputation
  • Frequent lecturer and author on tax matters and has been an adjunct professor in the Tax Master’s Program at the University of Miami College of Law
  • Member of the American College of Tax Counsel and The Florida Bar, where he is a past chair of its Tax Section and Tax Certification Committee
  • Active in the bar and community, he is a recipient of the Gerald T. Hart Outstanding Florida Tax Attorney, the James W. McLamore Miami-Dade County Volunteer of the Year Award, and Outstanding Professional Advisor, Miami-Dade County, Florida
  • Active member of the nonprofit community, having counseled many nonprofit organizations over the years and is involved with many charitable programs; he founded, and is currently a co-chair, of PhilanthropyMiami, whose participants include most of the nonprofit community in Miami Dade County
  • In addition to Chambers USA, he is a board certified tax lawyer by The Florida Bar Board of Legal Specialization and Education and recognized by Florida Trend as a legal elite tax attorney, The Best Lawyers in America, and other publications
  • LL.M. degree, New York University School of Law; J.D. degree, University of Florida Levin College of Law; B.S. degree, University of Florida; B.A. degree, University of Florida

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