Taft Cincinnati partner Megan Okun was referenced in the recent Bloomberg Law article, “Cash-strapped colleges are draining their endowments to survive,” published on Aug. 31, on the rising number of colleges forced to dip into their endowments or other restricted funds to continue operating. Okun offered insight on the approval process when it comes to charitable organizations, such as colleges, wanting to use restricted donations for other purposes.

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Okun focuses her practice on counseling nonprofit and tax-exempt organizations and on estate planning for high net-worth families. Given her knowledge of and experience with tax law, Okun helps nonprofit and tax-exempt organizations of all shapes and sizes navigate all tax and governance aspects of their organizations and operations. Okun has extensive experience counseling large tax-exempt organizations, including colleges and universities, health systems, and company and family foundations, regarding governance, structuring, and compliance matters. Further, she guides them through the nuances of joint ventures, fundraising, endowment fund strategies, charitable and planned giving program criteria, commercial coventures, and working with donors.