Not-for-Profit/Public Finance

Benesch's Not-for-Profit Team works with not-for-profit organizations to utilize low-cost, tax-exempt bond financing for capital projects. Qualifying projects include almost all capital assets to be financed (or refinanced) by a 501c3 organization for use in furtherance of the organization's exempt purpose. We assist not-for-profit organizations in all stages of the bond financing process, from initial planning and board education, to analysis of financing options, to working with the governmental issuer of the bonds, all the way to the closing table. We help maximize the amount of tax-exempt bonds that can be used for any capital project, analyzing 501c3 issues, unrelated trade or business income, "private use", capital campaigns and other issues that have an impact on an organization's ability to utilize tax-exempt bond financing. The Public Finance attorneys at Benesch have over 75 years of collective experience with tax-exempt bond issues, including hundreds of not-for-profit financings for billions of dollars of not-for-profit projects.