October 14, 2021: Stories from the Trenches

October 14, 2021 @ 12:00 pm – 1:00 pm
Zoom Only
Joan Hecker
October 14, 2021: Stories from the Trenches @ Zoom Only
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.