Planned Gift Tech

Fueling Your Mission: Capitalizing on Gifts of Oil & Gas

Joe Hancock

Thursday, October 3, 11:30 a.m. – 12:30 p.m.


As drilling technologies have made significant breakthroughs, oil and gas production has increased dramatically over the past two decades, allowing production in states where none existed previously. Approximately 34 states now realize substantial mineral production each year, creating opportunities for philanthropy that were not formerly available. Attendees will learn from the experiences of an organization that has almost ninety years of minerals management exclusively for nonprofit organizations. This session will equip gift planners to cultivate and close gifts of oil and gas interests, discuss ongoing management of these assets, address the applicability of partial interest and unrelated business income rules, and clarify environmental and valuation issues.

Learning Objectives

  1. Understand the basic types of mineral interests and be equipped to discuss gifts of these assets with prospective donors.
  2. Incorporate provisions into gift acceptance policies that address gifts of oil and gas interests and be familiar with the different alternatives for the ongoing management of mineral interests.
  3. Apply the partial interest and unrelated business income rules to proposed mineral gift scenarios and also address questions related to the valuation and substantiation of these gifts.


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Joe Hancock

Vice President and General Counsel, HighGround Advisors

As Vice President and General Counsel of HighGround Advisors, Joe Hancock has more than 24 years’ experience as a legal expert in areas of nonprofit, trust, estate and charitable tax law and is a frequent speaker on topics ranging from trust law to estate planning to charitable giving and nonprofit law. At HighGround Advisors, Joe counsels institutional clients regarding matters of charitable law, gift requirements and issues affecting nonprofit status. For individual donors, Joe guides them through charitable gift giving and tax and estate planning. He also monitors state and federal legislation that may impact nonprofit organizations and educates clients regarding applicable regulations. Joe holds a BBA from Baylor University and MBA and JD degrees from the University of Arkansas.