Client Login
Alumni Login
About Us Attorneys Practice Areas Pro Bono Resources and Events Careers Contact Us
Attorney Search Print Page Email Page
PRACTICE AREAS

EDUCATION
J.D., 1973, New York University School of Law
B.S., 1970, Cornell University, Industrial and Labor Relations

ADMISSIONS
New York; U.S. Tax Court; U.S. Court of Appeals, Second Circuit; U.S. District Court, Southern District of New York

PROFESSIONAL ACTIVITIES
Recognized in The Best Lawyers in America® 2008 in the area of Non-Profit/Charities Law; Member, American Bar Association (Tax Section, Exempt Organizations Committee; Co-chair, Subcommittee on Community Foundations); New York State Bar Association (Tax Section, Co-chair, Tax-Exempt Entities Committee, 1990-1991); Council on Foundations (Committee on Community Foundations, Legal Advisory Subcommittee, 1991-Present); Chair, Advisory Committee of the National Center on Philanthropy and Law, 2005-2007; Association of the Bar of the City of New York (Committee on Nonprofit Organizations, 1984-1986; 1988-1991); Director/Trustee: International Center for Not-for-Profit Law, 2004-Present; Herbert Berghof Studios, 2000-Present; The Center for Constitutional Rights, 1985-1996; Shorebank Corporation (parent of South Shore Bank), 1979-1988; The Shalan Foundation, 1973-1992.  Lecturer at programs sponsored by, among others, Association of the Bar of the City of New York, ALI-ABA, New York State Society of Certified Public Accountants, New York University School of Continuing Legal Education, Practising Law Institute, Council on Foundations

PUBLICATIONS
Author, "Reflection on the Continuing Use of Donor Advised Funds" Taxation of Exempts (Sept./Oct. 2007); "Charitable Class and Need: Whom Should Charities Benefit?" National Center on Philanthropy and the Law (2004); "Joint Ventures with For-Profits After Revenue Ruling 98-15" (speech published by the Exempt Organization Tax Review, March 2000); Co-Author, "Demystifying Program-Related Investments," New York University 27th Annual Conference in Tax Planning for Exempt Organizations (1998) "Joint Ventures Between Tax-Exempt and Commercial Health Care Providers," Tax Notes (March 24, 1997) republished in Exempt Organization Tax Review (May 1997); "Supporting Organizations to Community Foundations: A Little-Used Alternative to Private Foundations," Exempt Organization Tax Review (December 1994)

Rochelle Korman
Partner

212-336-2680 | 212-336-2689 fax |
Download V-Card

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).

Representative Matters

  • 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.

Related Publications
Articles
Reflections on the Continuing Use of Donor Advised Funds

Alerts
Firm Submits Comments to Proposed Revisions of IRS Form 990

Related Firm News
September 4, 2007
Patterson Belknap Recognized in Best Lawyers in America 2008

February 14, 2007
Firm Announces New Leadership Team

June 2, 2006
Firm Partners Recognized in Leading Industry Publications

more