Biography
Clients might say that Katy David can see around corners and predict what’s coming next, all in an effort to help them meet their missions. Katy, an experienced and energetic tax lawyer, is gifted at helping her tax-exempt clients feel safe, whether they are confronting challenges or seizing opportunities. Tax-exempt organizations of all sizes rely on Katy to guide them at formation, during their operation and growth, and—when necessary—through wind-down and dissolution. When Katy takes on a new client, she works to truly understand the impact the organization has within its community. From there, Katy is able to help clients plan and implement their strategic direction by combining her technical and legal knowledge with a gut instinct that’s been honed over more than 20 years of practice.
Katy’s love of tax law began when she was inspired by her tax law professor, the late Martin “Marty” Ginsburg. Professor Ginsburg once said that the most important thing he did was enable his wife, the late Supreme Court Justice Ruth Bader Ginsburg, to do what she did. Katy firmly believes that the most important thing she can do is help her clients achieve greatness by providing them with solid guidance, advocacy, and counsel.
When things are falling apart in a nonprofit organization, Katy David is the attorney you want in the room to triage and manage the crisis, coordinate the message, and plan for the future.
Representative Experience
- Structured reverse like-kind exchange to enable client to defer tax on gain from $40 million sale of coal assets in Pennsylvania
- Advised unrelated co-owners of 2,500 acres of recreational real estate valued in excess of $90 million on tax, estate tax, and succession planning
- Serves as expert witness in connection with litigation involving failed or incomplete like-kind exchanges
- Provides tax advice enabling owners of real estate valued in excess of $25 million to engage in like-kind exchanges with proximate business restructurings
- Issues equivalency determinations for private foundations engaged in foreign grantmaking in a variety of countries, including Africa, Europe, South America, and Asia
- Serves as outside general counsel for a New Orleans-based jazz band, including managing an organizational restructuring and change in tax status, taking them from a private foundation to a public charity
- Created and obtained I.R.C §501 (c)(3) status for a multi-million dollar endowment fund to support a major regional charitable organization
- Assisted multiple Texas I.R.C §501 (c)(3) organizations with the formation of supporting organizations, to provide asset protection, enhanced fundraising, and more effective corporate governance
- Served as outside general counsel to a Central Texas organization that operates for the support of a regional nonprofit hospital
- Advised an organization’s executive staff and Board of Directors members regarding structuring and operational issues after the organization experienced a dramatic increase in contributions
- Created and obtained I.R.C §501 (c)(3) status for Texas organizations that provide job training and opportunities for individuals with developmental disabilities and other barriers to employment
- Advised nonprofit corporations on board and committee structure to encourage the involvement of outside experts to enhance their missions and governance
- Advised numerous tax-exempt organizations about programs created by the recently enacted CARES Act and subsequent legislation, and helped Boards of Directors and executive staff determine which opportunities align with long-term strategy and short-term needs
- Drafted policies and procedures and provided Board training for multiple nonprofit organizations
Education
- J.D. Georgetown University Law Center
- B.A. Johns Hopkins University
Memberships
- American Bar Association, Section of Taxation, Council Director (2019-2021), Secretary (2017-2019), Tax Exempt Organizations Committee Chair, State Bar of Texas Tax Section (2018-Present)
- Fellow, American College of Tax Counsel
- Texas Board of Legal Specialization – Tax Law
- Sustaining Life Fellow, San Antonio Bar Foundation
- Member, The College of the State Bar of Texas
- Member, San Antonio Bar Association
- Trustee, Saint Mary’s Hall (2017-Present)
- Member, Catechist, St. Luke’s Catholic Church
Achievements
- The Best Lawyers in America®, Litigation and Controversy – Tax (2021-Present), Tax Law (2021-Present)
- Best Lawyers® 2024 San Antonio, Litigation and Controversy – Tax, Lawyer of the Year
- Texas Rising Stars, Thompson Reuters, 2005-2017
- Best Tax Law Attorneys, San Antonio Scene Magazine, 2015
- Rising Stars, San Antonio Scene Magazine, 2013, 2014
- 40 Under 40, San Antonio Business Journal, 2011
- Awarded the Nolan Fellowship, American Bar Association Section of Taxation, 2010
- Best San Antonio Lawyers Rising Stars, San Antonio Scene Magazine, 2005-2009
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