Charitable Giving Techniques
Why Attend?
* In this economic downturn, do you know how to advise organizations and life-income recipients of charitable remainder trusts looking to terminate trusts early in order to get immediate access to the funds?
* Do you know what special opportunities are available for lead trusts as a result of depressed values and low interest rates?
* Are you familiar with the proposed regulations on supporting organizations and donor advised funds? What new legislation and other changes are on the horizon from Congress and the Obama administration?
If you don’t know the answers to these questions, and you advise donors, charities, or organizations with planned giving programs, you need to attend this course!
FEATURING:
A full hour examining the investment of charitable remainder trusts in institutional endowment funds
A keynote luncheon and address by Drew Porter, Associate General Counsel supporting global health tax matters at The Bill and Melinda Gates Foundation
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. While these changes are well in effect, both donors and charities need continuing guidance on how not only to comply with the regulations, but also to incorporate the various incentives into their financial planning.
What You Will Learn
This annual course of study, taught by a small faculty of experienced practitioners, a professor, and a university financial officer, presents a comprehensive review of charitable giving techniques, both lifetime and testamentary, with full discussion of recent statutory provisions. Comprising more than 13 hours of instruction, it addresses the technical, mechanical, and legal sides of the issues, while also providing registrants with practical applications, pointing out common pitfalls, and offering “tips from the trenches.” 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
Charitable giving tax pitfalls
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’ questions.
Who Should Attend
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.
Planning Chair
Lawrence P. Katzenstein, Thompson Coburn LLP, St. Louis (also on faculty)
KEYNOTE SPEAKER
Drew Porter, Associate General Counsel, The Bill and Melinda Gates Foundation, Seattle
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.
Conrad Teitell, Cummings & Lockwood LLC, Stamford, Connecticut
Karla D'Alleva Valas, Vice President and Chief Compliance Officer, Fidelity Investments Charitable Gift Fund, Boston
Pamela G. Yang, Senior Vice President, Trust Operations & Investments, Harvard Management Company, Boston
ALI-ABA Staff Attorney: Amy S. Weinberg, Assistant Director, Office of Courses of Study
Program Schedule
THURSDAY, JULY 9, 2009
7:30 a.m. Registration and Continental Breakfast
Webcast Segment A
8:30 a.m. Introductory Remarks
8:45 a.m. Basic Concepts: Deduction Rules and Non-Trust Planned GIfts - Messrsr. Hall and McCoy
10:15 a.m. Networking Break
10:30 a.m. Basic Concepts (continued)
11:15 a.m. Charitable Remainder Trusts - Mr. Katzenstein
12:30 p.m. Box Lunch and Keynote Address - Mr. Porter (not webcast or recorded)
Webcast Segment B
1:45 p.m. Investment of Charitable Remainder Trusts in Institutional Endowment Funds - Mr. Hall and Ms. Yang
2:45 p.m. Networking Break
3:00 p.m. Private Foundations, Donor-Advised Funds, and Supporting Organizations - Mss. Bjorklund and Valas
4:15 p.m. Ethical Considerations in Planned Giving - Faculty Panel
5:15 p.m. Adjournment for the Day
FRIDAY, JULY 10, 2009
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: 13.5, including one hour of ethics
Suggested Prerequisite: Limited experience in legal practice in subject matter or completion of Basic CLE Course in subject matter
Educational Objective: Acquisition of knowledge and skills to develop proficiency as a practitioner; maintenance of professional competence as a practitioner
Here's what registrants have said about this course:
“I have been fortunate to attend several courses provided by ALI-ABA. By far this one continues to inform, enlighten and resolve problems.” - Yolanda Hughes, Hughes Legal Services, Yeadon, PA, June 2008
“Course presenters and materials were excellent.” – June 2008 registrant
“This training was a wonderful course; very informative” – May 2007 registrant
“The faculty was outstanding and extremely well prepared. The subject matter was well covered and very professionally presented.” – May 2007 registrant
“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.” – May 2007 registrant
“Continues to be excellent overview of an arcane area of tax law, and provides the practitioner’s perspective on practical terms.” – May 2007 registrant
