Charitable Giving Techniques
Free PodCast
Listen to "Basic Income Tax Rules" from the program Charitable Giving Techniques originally presented May 31-June 1, 2007
Why Attend?
The Pension Protection Act of 2006 significantly altered the laws on charitable giving, with new record-keeping and substantiation rules for charitable gifts, enhanced penalties for appraisal over-valuations, and tax-free distributions to charities from individual retirement accounts. With these changes in effect, both donors and charities need your guidance on how not only to comply with the new regulations, but also to incorporate the various incentives into their financial planning.
This annual course of study, comprising more than 13 hours of instruction, presents a comprehensive review of charitable giving techniques, both lifetime and testamentary, with full discussion of recent statutory provisions.
Two new topics have been added this year: one features a full discussion on charitable giving tax pitfalls, and the other considers emerging topics in 2008, such as the anticipated legislation on charitable gift annuities, how to work with the new IRS charitable lead trust forms, and partial interests. Other topics include:
• Charitable remainder trusts, charitable lead trusts, and pooled income trusts
• Property contributions and non-trust giving techniques
• Gift annuities
• Use of private foundations, donor-advised funds, and supporting organizations
• Post-mortem charitable planning.
Although the course is intended for practitioners who advise individual donors and charitable clients, it also is valuable to planned giving officers and in-house lawyers of institutions with planned giving programs. Some basic grounding in the area is useful but not essential. A full hour is devoted to consideration of particular ethical dilemmas faced by attorneys practicing in this area. Time is reserved throughout the program to address registrants' written questions.
Planning Chairs
Mildred Kalik, Simpson Thacher & Bartlett LLP, New York
Lawrence P. Katzenstein, Thompson Coburn LLP, St. Louis (also on faculty)
Faculty
Edward J. Beckwith, Baker & Hostetler LLP, Washington, D.C.
Victoria B. Bjorklund, Simpson Thacher & Bartlett LLP, New York
Lawrence Brody, Bryan Cave LLP, St. Louis
Martin Hall, Ropes & Gray LLP, Boston
Christopher R. Hoyt, Professor of Law, University of Missouri-Kansas City School of Law, Kansas City
Jerry J. McCoy, Law Office of Jerry J. McCoy, Washington, D.C.
Carolyn M. Osteen, Ropes & Gray LLP, Boston
Conrad Teitell, Cummings & Lockwood LLC, Stamford, Connecticut
ALI-ABA Staff Attorney: Amy S. Weinberg, Assistant Director, Office of Courses of Study
Program Schedule
THURSDAY, JUNE 5, 2008
7:30 a.m. Registration and Continental Breakfast
Webcast Segment A
8:30 a.m. Introductory Remarks
8:40 a.m. Property Contributions and Non-Trust Techniques - Mr. McCoy
9:40 a.m. Basic Income Tax Rules (Percentage Limitations, Appraisal Requirements, etc.) - Ms. Osteen
10:30 a.m. Networking Break
10:45 a.m. Charitable Remainder Trusts - Mr. Katzenstein
12:15 p.m. Lunch Break
Webcast Segment B
1:30 p.m. Emerging Topics in Charitable Giving - Faculty Panel
2:00 p.m. Private Foundations, Donor-Advised Funds, and Supporting Organizations - Ms. Bjorklund
3:15 p.m. Networking Break
3:30 p.m. Charitable Gift Annuities - Mr. Hall
4:30 p.m. Ethical Considerations in Planned Giving - Faculty Panel
5:30 p.m. Adjournment for the Day
FRIDAY, JUNE 6, 2008
7:30 a.m. Continental Breakfast
Webcast Segment C
8:00 a.m. Charitable Lead Trusts - Mr. Beckwith
9:30 a.m. Networking Break
9:45 a.m. Use of Life Insurance in Charitable Giving - Mr. Brody
10:45 a.m. Charitable Giving Tax Pitfalls: Avoiding; Climbing Out; Cyanide Capsule? - Mr. Teitell
11:45 a.m. Lunch Break
Webcast Segment D
1:00 p.m. Use of Qualified Plans in Charitable Giving - Professor Hoyt
2:00 p.m. Issues in the Administration of Estates with Charitable Beneficiaries - Mr. Katzenstein
2:30 p.m. Networking Break
2:45 p.m. Charitable Planning Techniques with S Corporation Stock and Other Unusual Assets - Professor Hoyt
4:00 p.m. Questions and Answers
4:15 p.m. Adjournment
Total 60-minute hours of instruction: 13.75, including one hour of ethics
Suggested Prerequisite: Limited experience in practice in subject matter or completion of Basic CLE/CPE Course in subject matter
Educational Objective: Acquisition of knowledge and skills to develop proficiency as a practitioner; maintenance of professional competence as a practitioner
Level of Instruction: Intermediate
Here's what registrants have said about this course:
"This training was a wonderful course; very informative"
"The faculty was outstanding and extremely well prepared. The subject matter was well covered and very professionally presented."
"This is an excellent seminar for attorneys who are planned giving officers; I know of nothing comparable. This course throws in a lot of practical, less technical, advice for those of us who don't necessarily draft the documents but have to be aware of issues and techniques. This is my second year to attend, but it will not be my last."
"Continues to be excellent overview of an arcane area of tax law, and provides the practitioner's perspective on practical terms."
