Pete Sommerfeld, M.A., C.S.P.G.

 

Virtually every gift planner is familiar, on some level, with charitable lead trusts (CLT). We have heard about their potential value to both donors and charities. Our goal: to explain them to potential donors in such a way that we garner “mega gifts” for our organizations. Very few of us have ever actually closed a CLT, or been involved in the creation and design of one. This interactive session walks attendees through the creation, negotiation, closing and administration of the fifth largest gift every received by the Oregon Health and Sciences University—a CLUT funded with $20 million in stock. Emphasis will be placed on the practical side of the gift, in particular examining the Foundation’s responsibilities as trustee, and how those responsibilities will be carried out. Issues in relating to the donors themselves and their advisors will be a part of the discussion.