Kent Weimer – CAP, Director of Trusts, Estates and Gift Planning with Parkland Foundation
About the program: Sometimes gifts come with complications both legal and ethical. This session will explore real life gift planning case studies in an interactive manner that includes an open dialogue on planning strategies while exploring the dilemmas and opportunities presented, possible solutions, along with the impacts on policies, procedures and philosophy. The focus will be on outcomes that benefit the donor, family and the charitable organization. The case studies will demonstrate how treasury regulations, when not followed, may lead to the donor losing the charitable deduction.
Participants will:
- Understand the treasury regulations for receipts and qualified appraisals.
- Learn how the IRS typically challenges deductions they believe to be overstated.
- Learn how well thought out and current gift acceptance policies and well-crafted gift agreements can help when presented with challenging situations, unusual gifts and meet donor intent while protecting the charity.
- Explore, through case studies, gifts that have created dilemmas for an organization or the donor and discuss opportunities to benefit the donor and the family as well as the charitable organization.
10 Principles for Gift Planning Program Success: Practical Application of CGP’s National Standards for Gift Planning Success
About the presentation: The National Association of Charitable Gift Planners has recently adopted National Standards for Gift Planning Success (NSGPS). In this session, those principles will come to life as we examine ten principles that will ensure gift planning success for all gift planning programs, regardless of size. Whether you are building a basic gift planning program or growing an existing program, these principles will allow you to energize your program, focus on a strategy for your work, and engage meaningful long-term gifts for your organization.
Speaker bio: Nathan Stelter is the president of The Stelter Company, a leading source for gift planning marketing solutions for the nonprofit community. The Stelter Company, which was founded in 1962, currently partners with more than 1,400 organizations nationally with a staff of over 85 individuals.
Over Nathan’s 20-year career in planned giving, he’s been fortunate to speak at over 150 national and regional industry meetings on gift planning marketing trends and cutting-edge donor and fundraising research. He’s been quoted in numerous trade publications and currently authors the highly successful Stelter Insights blog. Nathan is a past board member of the NCGPC (Washington, DC), current member of the Mid-Iowa Planned Giving Council and serves on the board for the NACGP as well as the National Standards for Gift Planning Success (NSGPS) task force.
Nathan is a two-time graduate of the University of Iowa where he earned a bachelor’s degree in marketing and an Executive MBA. When not at his Stelter desk, Nathan enjoys playing soccer, biking, CrossFit, live music and spending time with his family, wife Nora and children Benjamin Hawkeye, Brody and Brynn, along with three Brussels Griffon pups, Lola, Bubbles and Fergus.
This event is in person and ZOOM
Larry will discuss a variety of charitable giving tricks and traps including:
- Why charitable gifts during lifetime are better than bequests…and how to take take advantage of that.
- Gift strategies for early termination of qualified charitable remainder trusts – and continuing confusion about qualified appraisal requirements
- Inclusion of private foundation in donor’s gross estate
- Private letter rulings illustrate the interplay between code sections 664 and 4947
- Some problems with charitable pledges
- The sprinkling charitable remainder trust
- What is the “governing” instrument for section 642(c) purposes?
- Drafting issue for year-end charitable remainder unitrusts solved by the flip unitrust
- Use of qualified contingencies in charitable remainder trusts
- 2015 amendment to code section 664—what was that all about?
- Some marital deduction issues in split interest gifts
Bio
Lawrence P. Katzenstein, Thompson Coburn, LLP, (314) 552-6187., LKatzenstein@ThompsonCoburn.com
Larry Katzenstein is a nationally known authority on estate planning and exempt organizations, and a frequent speaker around the country to professional groups. He divides his practice between representation of wealthy individuals in estate and philanthropic planning and serving as outside counsel to exempt organizations nationwide. He appears annually on several American Law Institute estate planning programs and has spoken at many other national tax institutes, including the Notre Dame Tax Institute, the University of Miami Heckerling Estate Planning Institute, and the Southern Federal Tax Institute. Larry has served as an adjunct professor at the Washington University School of Law where he has taught both estate and gift taxation and fiduciary income taxation.
A former chair of the American Bar Association Tax Section Fiduciary Income Tax Committee, he is a fellow of the American College of Trust and Estate Counsel and a member of its Charitable Planning and Fiduciary Income Tax committees. He is also a director of the American Council on Gift annuities and a member of the advisory board of the New York University National Center on Philanthropy and the Law. He was named the St. Louis Non-Profit/Charities Lawyer of the Year in 2011 and 2015 and the St. Louis Trusts and Estates Lawyer of the Year in 2010 and 2013 by Best Lawyers® (by BL Rankings). He was nationally ranked in the 2009-2020 editions of Chambers USA for Wealth Management (by Chambers & Partners).
Larry is the co-author of the Bloomberg Tax Management Portfolio Charitable Remainder Trusts, Charitable Gift Annuities, and Pooled Income Funds. Larry is also the creator of Tiger Tables actuarial software, which is widely used by tax lawyers and accountants, and has testified in United States Tax Court on actuarial issues.
He received his undergraduate education at Washington University in St. Louis and his law degree from Harvard.
Reservation Policy
All attendees are required to register in advance. In person $25-member, $50 guest. Zoom – $20-member, $45 guest. If you reserve and are unable to attend, please cancel your reservation at least 24 hours in advance of the meeting to receive a refund or a credit for a future meeting.
Continuing Education
EPCSTL has requested approval for continuing education in the following areas: Banking, CLE, CPE, CFP, L&H Insurance
EPCSTL is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit.
Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.learningmarket.org. Complaint resolution policy: please note your problem in the speaker evaluation.
CPE Information for CPAs
CPE Learning Objectives
You will have a better understanding of charitable giving tax update.
Delivery Method: Live
Earn 1 CPE Credits for this session.
Field of Study: Specialized knowledge.
Program: Intermediate
Prerequisites: There are no prerequisites or advanced preparation for this session.
Who should attend: This presentation is aimed at lawyers, accountants, trust officers and other estate planning professionals with a background in estate planning topics and will take a deep dive into the specific question of designing estate planning provisions for minor children as beneficiaries.
A certificate of completion will be available for those CPAs, and CWS designees who feel the program satisfies their continuing education requirements.
“In accordance with the standards of the National Registry of CPE Sponsors, CPE credits have been granted based on a 50-minute hour.”
National Registry of CPE Sponsors Number 109467
CTFA
CTFA 1.25 CE credit
CFP Learning Objectives
Attendees will have a better understanding of charitable giving and the tax ramifications.
Networking from 11:15-11:45 am, Lunch from 11:45 am -12:15 pm, Opening Remarks and Speaker 12:15-1:15 pm
Title: To DAF or Not to DAF, Let’s Answer that Question
Speaker: Donna Frederick – Executive Director, Stifel Charitable Inc., Vice President Stifel Trust Co.
About the presentation: To DAF or Not to DAF, Let’s Answer that Question will explore the benefits and restrictions of establishing a donor-advised fund. The program will compare and contrast the various tax benefits of the donor-advised fund, private foundation, and charitable trusts. The program will provide insights into the growing popularity of the donor-advised fund as an efficient tool for thoughtful donors. Finally, the program will offer some insider tips for nonprofits to encourage gifts from donors with donor-advised funds.