Rochelle Korman is a member of the Firm’s Tax-Exempt Organizations department, where she advises public charities, private foundations, community foundations and other 501(c) organizations. Her practice focuses largely on organizational structuring, governance and accountability issues, joint ventures between for-profits and tax-exempts, international grantmaking, program-related investments, and attorney general investigations and IRS audits.
Ms. Korman lectures frequently and has presented at programs sponsored by the National Center on Philanthropy and the Law, the Association of the Bar of the City of New York, the Council on Foundations and the New York State Society of CPAs. Recent papers presented include "Joint Ventures with For-Profits After Revenue Ruling 98-15" (speech published by the Exempt Organization Tax Review, March 2000) and "Charitable Class and Need: Whom Should Charities Benefit?", National Center on Philanthropy and the Law (2004). She was recently named the Best Lawyers’® 2012 New York City Non-Profit/Charities Law Lawyer of the Year.
- U.S. Tax Court
- U.S. Court of Appeals, Second Circuit
- Developed organization for a multi-year collaboration of major U.S. foundations to facilitate their work on civil society issues in central Europe.
- Advised major national charity on structuring its governance relationship with local affiliates.
- Advised major clients in connection with state attorney general investigations.
- Advised charities and foundations in connection with IRS audits.
- Restructured key New York City social services agency and its related organizations to reduce exposure to liability, protect its endowment, and enable it to provide services and raise funds more effectively.
- Acted as special tax counsel to sports-related exempt organization in securing tax-exempt bond financing for facilities construction and renovation.
- Restructured publishing company to become the functionally-related business of a private operating foundation.
- Advised substantial private foundation on innovative program-related investment program in foreign countries.
- Advised British charitable trust in connection with its grants from U.S. private foundations.
- Advised major community foundation and its related entities on governance, grantmaking and structural issues.
- Advised plaintiffs’ counsel in settlement of major environmental pollution litigation which resulted, in part, in creation of a community foundation to provide health services and employment opportunities to the residents of the adversely affected community.