William M. Klimon is a member in Caplin & Drysdale's Washington, D.C. office. Mr. Klimon joined the firm in 2001 after he had previously practiced in the corporate law departments of two other national law firms.
Services
Mr. Klimon's practice focuses on corporate governance and transactions, particularly for nonprofit organizations. Over the last decade, he has advised over 500 nonprofit organizations on a complete range of issues from formation to dissolution, including over a dozen nonprofit mergers. He has worked with many of the nation's largest private foundations, public charities, political campaigns, environmental organizations, healthcare institutions, universities, libraries, museums, and churches.
Mr. Klimon also practices in the areas of mergers & acquisitions, joint ventures, intercompany lending, and choice of business entities and alternative organizational structures. He has advised a variety of small- and medium-sized partnerships, LLCs, and close corporations, as well as large enterprises including multinational banks, manufacturers, and publishers.
Professional Activities
Mr. Klimon is active in the Nonprofit Organizations Committee of the ABA's Section of Business Law, for which he serves as Vicechair of the Joint Subcommittee on Nonprofit Corporate Governance. He also serves on the Library Committee of the National Sporting Library & Museum, Middleburg, Virginia and was the co-founder of the University of Maryland Chapter of the St. Thomas More Society.
Selected Recent Speeches
- Speaker, "Re-Membering the Nonprofit Corporation: Uses of Members in Corporate Governance—and Beyond" in Panel on "Care and Feeding of Members," 2012 ABA Business Section Spring Meeting, Las Vegas, Nevada, March 2012
- Moderator, "Multi-Level (International, National, Regional & Local) Non-Profit Organizations: How to Structure Them—Plus Tax and Regulatory Issues," 2011 ABA Annual Meeting, Toronto, Canada, August 2011
- Speaker, "Introduction to Nonprofit Governance," Board Diversity Apprenticeship Project, Washington, D.C., July 2011
- Speaker, "How to Keep Tax-Exempt Organizations in Compliance: The Impact of Sarbanes-Oxley and the Era of Corporate Governance on Nonprofit Organizations," National Business Institute, Fairfax, Virginia, July 2011
- Moderator, "The Nonprofit Corporate Secretary: Responsibilities and Risks—A Rountable Discussion Among In-house Attorneys," Washington Metropolitan Area Corporate Counsel Association's Nonprofits & Associations Forum, Washington, D.C., April 2010
- Speaker, "How Do I Benefit Thee? Let Me Count the Ways: Practical Strategies for Providing and Communicating Community Benefit," American Health Lawyers Association's Hospitals and Health Systems Law Institute, Fort Lauderdale, Florida, February 2006
- Speaker, "Breaking Up Is Hard to Do—When Partnerships Don't Work," 7th Annual Public Private Partnership Conference, Center for Nonprofit Advancement, The George Washington University, Washington, D.C., November 2005
Recent Publications
Mr. Klimon's recent publications include:
- "Advertising Liability: A Growing Risk Management Concern," in 3 Risk Management Handbook for Health Care Organizations 155 (Roberta Carroll ed., 6th ed. 2011) (with Ellen L. Barton).
- "The Delegation of Investment Authority by Nonprofit Corporate Boards Under UMIFA," 17 Taxation of Exempts 138 (2005).
- "Revisiting the Hospital Admissions Agreement in Light of the State Charity-Care Litigation," Health Lawyers Weekly (Aug. 26, 2005).
Prior Professional Experience
Mr. Klimon served in the U.S. Army from 1987 to 1990, during which time he was assigned to the U.S. Army Field Station in Berlin. Later, he was a Lambe Fellow and a Merrill Fellow in the history department of the graduate school at Cornell University and worked on the staff of The Johns Hopkins University.