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Clay Grayson is a corporate attorney with a background in taxation, intellectual property, and health information technology. While Clay represents a variety of business enterprises, a significant portion of his work is dedicated to nonprofit foundations that support universities and hospitals, and companies dedicated to the advancement of technology, for which he often serves as an outside general or special counsel.
Clay has extensive experience in federal taxation of exempt organizations, not-for-profit corporate governance, public private partnerships, physician and executive compensation, unrelated business income tax, charitable and planned giving, and joint ventures. Clay additionally counsels hospitals, academic medical centers, and universities on leading edge health industry relationship formation and realignments. Clay has a focus of practice on health information technology acquisitions; electronic health information network strategy, development, and implementation; clinical data warehouses; industry sponsored research; issues related to institutional review boards; technology transfer; and comprehensive programs for human subject, animal and bench research. Additionally, Clay represents several national software and IT developers and licensors that service a variety of industries, including e-commerce, insurance, healthcare, academics, and advanced computing.
Clay has a J.D. and Masters in International Business Studies from the University of South Carolina, and an LL.M. in Taxation from New York University. Prior to the practice of law, Mr. Grayson worked in the marketing department of the Italian subsidiary of Merck pharmaceuticals, where he assisted in the launch of new products in Europe.
- South Carolina
- U.S. Tax Court
- U.S. Court of Appeals, Fourth Circuit
- LL.M., New York University, 2004
- J.D., University of South Carolina, 2003
- M.I.B.S., University of South Carolina, 2000
- Certificate, Bocconi, Milan, Italy, 1999 (Italian/European Business, S.D.A.)
- B.A., College of Charleston, 1995 (with honors)
- Selected for Charleston Regional Business Journal’s “Forty Under 40,” 2012
- Named as one of “The Rising Stars” by South Carolina Super Lawyers magazine, 2012
- Member of Leadership Charleston, Class of 2008
- South Carolina Association of Nonprofit Organizations (SCANPO)
- Board of Directors, 2010 to present
- Chair – Purchasing Power Committee
- Chair – Annual Summit, 2014
- Hollings Cancer Center Advisory Citizens Council, 2006 – present
- Jazz Artists of Charleston, Board of Directors, 2008 to present
- American Bar Association
- American Health Lawyers Association
- Charleston Tax Council
- “The Art of Medicine: Making good health possible for all South Carolinians” featuring Dr. Jay Moskowitz and the research collaborative Health Sciences South Carolina, South Carolina Business, May/June 2010.
- “Tax Code Change Presents Unintended Consequences,” South Carolina Business, Sept. 2007
- “Roth 401(k) Advantage Surfaces in Retirement and Beyond,” Practical Tax Strategies, March 2006
- “Circular 230: Traversing the Tightrope,” South Carolina Lawyer, June 2005
- SCBIO, Start-up Bootcamp, Greenville, SC, September 2013 – “Establishing your business to Qualify for SBIR Funding.”
- South Carolina Association of Nonprofit Organizations, Annual Summit, March 14, 2013 – “Intergenerational Equity – Preserving Purchasing Power for Tomorrow.”
- SCBIO, Annual Conference, November 14, 2012 – Hosted a panel discussion on Clinical Trials and Technology Transfer involving hospitals and academic medical centers.
- Charleston School of Law – Healthcare Society, Bioethics Seminar, October 16, 2012, “The Story of the He La Cell and its impact on human subject research, patient privacy, and intellectual property rights.”
- National Council of Nonprofits, January 19, 2012 – speaker on a national webinar regarding Affinity Programs for nonprofits.
- National Business Institute, September 14, 2011, “Tax Exempt Organizations From Start to Finish.”
- Fundraising Trips and Traps: Bingo, Casino Nights, and Revenue Sharing Arrangements
- Presented at:
- SC Association of Nonprofit Organizations, Annual Summit, March 30, 2011
- SC Association of Public Charter Schools, Annual Conference, March 2, 2011
- South Carolina Association of Nonprofit Organizations, Annual Summit, April 29, 2010, “Nonprofit Executive Compensation: an Outline of the Excess Benefit Transaction Rules.”
- National Business Institute, “Key Issues Impacting SC Entities: Mid to End of Life Events,” November 21, 2010.
- The Medical University of South Carolina, presented hour long seminar on Wills each May from 2007 – 2011.
- Healthcare Summit in Greenville, SC, “Health Insurance Portability and Accountability: Electronic Databases & Tissue Repositories,” November 13, 2009.
- SC Biomass Council, Renewable Energy Projects and Federal Tax Incentives and Grants, August 3, 2009.
- The Medical University of South Carolina, presented hour long seminar to medical residents on “Corporate law for MDs, things to confider when going into private practice,” in February 2008 and 2009.
- Joint Presentation among Merrill Lynch, Dixon Hughes, and Haynsworth Sinkler Boyd, November 16, 2006, “The Pension Protection Act of 2006: Highlights and Implications to Pension Plans.”
- South Carolina Association of CPAs, Continuing Education Seminar, “The Impact of the New IRC section 409A on Non-qualified Deferred Compensation Arrangements,” May 2006