Planned Gift Tech

Jazz Up Your Real Estate Gifting Program

Allen Thomas
Chase Magnuson

thursday, October 3, 10:00 – 11:00 a.m.

Intermediate

This presentation offers creative strategies to identify, cultivate and successfully complete more real property donations to your charity. We will start with the issues of promoting gifts of real estate and developing internal processes for accepting such gifts. We will then transition into more complex examples of planned gifts of real estate, examining the many issues every gift of real property poses. How can your donor receive income from his or her gift of real estate? How can we maximize the donor's tax benefits of the gift when the property has declined significantly in value? What techniques can we utilize when there is an environmental concern? How can we structure the real estate gift to provide some return of capital to the donor? What are the critical issues to address in accepting gifts of real property? How can you insulate your charity from undue risk in a real estate gift transaction? What resources can be marshalled to facilitate and manage the gift acceptance process? We will provide multiple examples of creative transactional structures that will address your donor's goals and enrich your capacity to attract more significant contributions in support of your mission.

Learning Objectives

  1. Enjoy a distinctly greater comfort level with planned gifts funded by real estate.
  2. Use specific knowledge and strategies for reviewing and analyzing gifts of real estate.
  3. Make more informed recommendations to your organization about real estate donations.

 

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Allen Thomas

President - Thomas Charitable Advisors, LLC

Allen Thomas has served for the past 34 years as a senior executive in the nonprofit community. Allen is President of Thomas Charitable Advisors, LLC, consulting with numerous charitable organizations, providing real estate expertise at both the gift policy level and on a property transactional basis. He previously served The American College as Vice President of Advancement and Devereux Advanced Behavioral Health as Vice President of Planned Giving and Real Estate. Mr. Thomas served as the Planned Giving Officer responsible for all trusts and estates-related gifts and all real estate gifts. Prior to joining Devereux, he worked in the real estate finance groups of Massachusetts Mutual Life Insurance Company and Aetna Life and Casualty Company. Mr. Thomas is a frequent speaker/lecturer on the underutilized gift of real property.Mr. Thomas received a Bachelor of Science in Economics from American International College in Springfield, Massachusetts, and his Juris Doctor from Western New England University, School of Law, also in Springfield. He is a Chartered Advisor in Philanthropy.

Chase Magnuson

Director - Realty Gift Fund

Chase V. Magnuson has over 20 years of substantial experience across the spectrum of real estate transactions, including land development, commercial and residential sales, commercial leasing and property management. He currently is serving as a Director for Realty Gift Fund located in Santa Fe, NM, a qualified 501(c)3, which facilitates gifts of real estate and providing education to other non-profits on techniques used to complete the process. As a consultant he has successfully guided the donations and liquidation of corporate surplus properties to fund various charities and his portfolio of completed transactions includes the exchange of real estate equities for Charitable Gift Annuities, Charitable Remainder Trusts, Bargain Sales, Donor Advised Funds and Retained Life Estates. Chase was previously the Director for Planned Giving, Real Estate, at the George Washington University’s Division of Development. Mr. Magnuson earned a BS from Ball State University in Muncie, Indiana. He holds the elite designation of CCIM (Certified Commercial Investment Member), he is a Certified International Property Specialist (CIPS), a Senior Real Estate Specialist (SRES), and a member of the International Council of Shopping Centers and the Corporate Real Estate Network.

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.

Intermediate

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.

Planned Gift Tech

(Big) Easy Gifts by S-Corporation Owners

Greg Baker

THURSDAY, OCTOBER 3, 2:00 – 3:00 p.m.

Advanced

Subchapter S Corporations are the most widely-used business structure in America, so every gift planner will run into S-corporation owners. Come learn how to get gifts from the business and of the business. Because of their unique characteristics, a gift of S-Corporation stock to your organization or to a CRT or CLT can create extreme problems for your donor and for your organization. This advanced session will use a case study approach to describe how business owners think about their charitable giving while also addressing how our due diligence action steps need to differ because your donor owns a Subchapter S Corporation.

Learning Objectives

  1. Understand the unique characteristics of Subchapter S Corporations. 
  2. Learn four ways gifts of S-corporation gifts are different from other business interest gifts.
  3. Learn how S-Corporations interact with gift planning tools, including CRTs, CLTs, CGAs, and outright gifts.

 

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Gregory Baker

Executive Vice President, Renaissance Philanthropic Solutions Group

Gregory W. Baker, J.D., ChFC®, CFP®, CAP, is Executive Vice President of Renaissance Philanthropic Solutions Group, the nation’s largest independent charitable gift solutions provider. For the past 29 years, he has provided trust, tax and philanthropic financial planning advice to over 4,000 attorneys and 8,000 development officers, and financial planners in all 50 states regarding more than 20,000 charitable remainder trusts, more than 800 charitable lead trusts and numerous foundations, charitable gift annuities and donor-advised funds. His advice has helped donors contribute over $6 billion to charitable gift plans. Greg is a past Board Member of the National Association of Charitable Gift Planners, a past President of the Charitable Gift Planners Indiana, an Advisory Board Member of the Chartered Advisor in Philanthropy designation at the American College, member of the Financial Planning Association, and the Indiana Bar. Greg was previously VP, Charitable Fiduciary Risk Manager for the Merrill Lynch Center for Philanthropy & Nonprofit Management in Princeton, NJ. Greg speaks at national and local conferences for professional advisors, high net worth clients and charities regarding charitable gift planning, asset-allocation, investment modeling, and tax issues.

Planned Gift Tech

Common Gift Planning Mistakes and the Means to Avoid Them

Bill Knox
Ngan Raskin

THURSDAY, OCTOBER 3, 3:30 – 5:00 p.m.

Intermediate

This session will present common mistakes made during the planning, funding and administration phases of various planned gifts. The session will focus on bequests, charitable gift annuities, split-interest trusts and donor advised funds as participants consider a variety of situations and potential roadblocks common to each. Attendees will learn how to spot issues during the planning phase, how to handle issues as they arise and how to prevent most issues before they occur. The session will be a fun, interactive journey through gift lifecycles where attendees learn from mistakes and discover how to avoid making them in the first place.

Learning Objectives

  1. Anticipate common problems and traps in the lifecyle of various gift plans.
  2. Discover how proper drafting and review prepare a gift plan for changes that are over the horizon.
  3. Learn how to triage and cure mistakes to save a gift plan from administrative errors.

 

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Bill Knox

Director of Technical Consulting, TIAA Kaspick

Bill Knox is the Director of Technical Consulting for TIAA Kaspick. He provides expert tax and technical advice to Kaspick and its clients on all aspects of charitable organizations, estate planning, charitable giving and gift administration. Bill has worked in the field of philanthropy for more than 15 years and regularly presents on a variety of estate and gift planning topics at both regional and national events. Bill has a BA from the California State University, Chico. He received his JD from the Columbus School of Law at the Catholic University of America in Washington, DC and his LL.M in Tax from Loyola Law School, Los Angeles, CA.

Ngan Raskin

Senior Planned Gift Technical Consultant, TIAA Kaspick

Prior to joining TIAA Kaspick in 2011, Ngan was a planned giving consultant and a registered tax preparer specializing in high net worth clients. She previously practiced law in the areas of trust and estate planning, immigration and family law. Ngan is currently President of the Northern California Planned Giving Council and a member of the Bay Area Tax Lawyers Association. She received a JD from the University of San Francisco, School of Law and a Masters of Law in Taxation from Boston University School of Law.

Planned Gift Tech

Give it Away Now: Thinking Beyond Retirement Income in Split Interest Gifts

Rebecca Bibleheimer

Friday, October 4, 10:00 – 11:00 a.m.

Intermediate

The unpredictable and unsteady nature of our current tax laws have left your donors' advisors with a challenging and at times formidable environment for charitable and estate planning. The silver lining of this situation is the fertile ground it provides for charitable planning and the opportunity for philanthropic individuals to make their important legacy gifts. Looking beyond retirement income in CRTs and CGAs allows us to explore the ways that these tools can be used for transfer and income tax planning. We will discuss trends and tools that will allow us to keep current with our donors' changing needs and advisors' priorities. We will also explore case studies that will help us better understand the way these tools, when used in unconventional manners, can offer more opportunities for your donors to meet their planning and tax needs in conjunction with honoring their call to support your organization's mission and providing for their loved ones.

Learning Objectives

  1. Understand current estate and charitable planning priorities and challenges that donors' advisors face in structuring their estate plans.
  2. Think more critically about donor's planning and tax needs.
  3. Identify and present creative opportunities for charitable giving in the ways that will best meet donors' needs.

 

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Rebecca Bibleheimer

Senior Philanthropic Advisor and Vice President, US Bank Charitable Services Group 

Rebecca Bibleheimer is a Senior Philanthropic Advisor and Vice President with the US Bank Charitable Services Group. She works exclusively with tax exempt organizations and individuals with philanthropic intent and her specialty is planned giving. Rebecca previously worked as a trusts and estates attorney for a tax boutique law firm in Portland, Oregon. She graduated cum laude with a Juris Doctorate from California Western School of Law and with a Legal Letters Master from the University of Florida, Levin School of Law. Rebecca is a member of the California State Bar and the Oregon State Bar. She served on the Board of Trustees for the Oregon Humane Society for 6 years and currently serves on the Make A Wish Oregon Gift Council, Oregon Public Broadcasting’s Gift Planning Advisory Council, and Albertina Kerr’s finance committee, as well as other planned giving and investment related nonprofit committees. She is the immediate past  President for the Northwest Planned Giving Roundtable and has served on their Executive Committee for ten years. Rebecca lives in Portland, Oregon, with her husband and their two young daughters.

Planned Gift Tech

Back to Square One: CRT Terminations as Brand New Planned Gifts

Bill Zook

Friday, October 4, 11:30 a.m. – 12:30 p.m.

Advanced

Even though an existing charitable remainder trust can often be terminated relatively simply and quickly, care must be exercised to help ensure everything goes smoothly. The best way to achieve a successful outcome is to treat the termination as the brand new planned gift that it truly is. In particular, this entails allowing for the possibility that after assessing the situation, a conclusion is reached that the termination should not go forward (or at least not at present). This session will examine why income beneficiaries may wish to terminate a trust before it would otherwise end according to its terms, along with forms a termination might take. It will also highlight typical and less common issues that may arise, as well as ways to handle those issues.

Learning Objectives

  1. Determine when and how a CRT should be terminated.
  2. Identify and analyze all the steps that may need to be taken.
  3. Develop and execute a plan for a smooth termination.

 

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Bill Zook

Principal, Evergreen Planned Giving, LLC

Bill is the principal of Evergreen Planned Giving, LLC, which was formed in 2016. Now in his third decade as a planned giving consultant, he has served hundreds of clients throughout the U.S. Bill worked initially with Planned Giving Services, Inc., and its founder, Frank Minton, beginning in 1996 and then with planned giving software and services company PG Calc Incorporated from 2005 to 2015. Over the years, Bill has given well over 100 presentations to diverse groups on a wide range of planned giving topics and has also published dozens of articles. A former president of the Washington Planned Giving Council, Bill is also a member of the National Association of Charitable Gift Planners (as well as its Leadership Institute), the Seattle Estate Planning Council, the East King County Estate Planning Council and the Washington State Bar Association. Prior to becoming a consultant, Bill practiced estate planning law and spent the better part of a decade in the field of alternative dispute resolution entailing arbitration, mediation and conciliation of customer-business disputes; arbitration of labor-management disputes; and teaching a community college course for paralegals. He received his BA in religious studies from the University of Virginia and his JD from the University of Washington School of Law. Bill’s current community involvement focuses on alleviating homelessness.