Hyden, Miron & Foster, PLLC Law Blog

Thursday, July 17, 2014

Arkansas Nonprofits Obtain Needed Funds in 2013

In December, Little Rock-based newspaper Arkansas Times released its list of high-value grants received by Arkansas non-profits from Arkansas foundations for 2013. Numerous nonprofits that were able both to identify the need for funds and to demonstrate the ability to successfully utilize funds received, in many instances, six, seven and even eight-figure grants from such foundations as Walton Family Foundation, Walton Charitable Support Foundation, The Windgate Charitable Trust, The Care Foundation of Springdale, The Endeavor Foundation, The Schmeiding Foundation and The Donald W. Reynolds Foundation. Recipients included:

• The Arkansas Community Foundation, $21.4 million
• Food Bank of Northwest Arkansas, $7.1 million
• Jones Center for Families, $500,000
• Teach for America-Arkansas, $1.9 million 
• Nature Conservancy of Arkansas, $500,000
• Arkansas Children's Hospital, $400,000

In all, Arkansas foundations contributed over $200 million in grants to nonprofits throughout Arkansas in 2013.

If you represent an Arkansas charitable organization or other nonprofit organization such as a high school, university, church, hospital or museum, or if you represent a foundation located in Arkansas or another state, obtain qualified legal help by contacting the law firm of Hyden, Miron & Foster with offices in Little Rock, Conway and Hot Springs Village. Our charitable and non-profit clients include both small private family foundations and national charities. We provide a broad range of legal services related to charitable work, including:

• Incorporation
• The preparation and filing of documents and application for tax-exempt status
• Administration issues 
• The termination of organizations
• Mergers with other organizations
• Organizational strategy and planning

In addition to working with organizations, we work with individuals and families who wish to incorporate charitable giving into their estate planning. We handle trusts including charitable remainder annuity trusts, charitable remainder unitrusts and charitable lead trust, and can provide legal assistance on matters ranging from beneficiary designations to selecting the timing and type of charitable gifts, so that both our client and the charitable organization obtain maximum benefit.

Our established firm has provided estate and business planning legal services to hundreds of families and organizations located throughout Arkansas. To discuss your legal questions and needs with an experienced attorney, call 501.673.8222.

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