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

Business Gifts that Make Sense (and Raise Dollars)

Gregory Baker

Friday, October 18, 10:00 – 11:00 a.m.

Advanced

Small businesses represent nearly 1/3 of the value of affluent decedents’ estates. Every gift planning shop needs to understand how to apply and discuss CRTs and outright gifts with small business owners. 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 based on how the donor's business is structured.

Learning Objectives

  1. Learn how to integrate blended gift planning options for small business owners who are ready to sell their business.
  2. Learn the distinction between S-Corporations, C-Corporations, Partnerships, LLC, etc.
  3. Learn how your due diligence review must be different based on your donor's business structure.

 

CFRE: Approved for 1 point  

CFP: Approved for 1 point  

CAP: Approved for 1 hour CE Credit

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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 RenPSG, the nation’s largest independent charitable gift solutions provider. For the past 28 years, he has provided trust, tax and philanthropic financial planning advice to over 4,000 attorneys and 8,000 financial planners in all 50 states regarding more than 19,000 charitable remainder trusts, more than 800 charitable lead trusts and numerous foundations, charitable gift annuities and donor-advised funds. Mr. Baker has helped advisors close cases for their high net worth clients in the areas of charitable, investment, retirement, gift, estate and tax planning. His advice has helped donors contribute over $6 billion to charitable gift plans.

Greg is a 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. He 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

Real World Lessons on Gift Substantiation

Bill Knox

Friday, October 19, 11:30 a.m. – 12:30 p.m.

Intermediate

Take a trip through three real-world case studies as we unpack the complex and time-sensitive issues that arise when complying with the gift substantiation rules. This session will focus on the specific requirements of gift substantiation from basic gifts of cash to complex transactions involving gifts of real estate and business interests. Attendees will participate by reviewing cases to examine the issues and guide the case to resolution…when possible!

Learning Objectives

  1. Understand the requirements of gift receipting.
  2. Gain practical knowledge of the issues surrounding the quality and timing of qualified appraisals, based on real life case studies.
  3. Learn how to create and implement rules to guide your charity in assisting donors with the gift substantation process.

 

CFRE: Approved for 1 point

CFP: Approved for 1 point  

CAP: Approved for 1 hour CE Credit

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Bill Knox

DIRECTOR, TECHNICAL CONSULTING, TIAA KASPICK

Bill Knox,  J.D., LLM is Director, Planned Gift Technical Consulting at TIAA Kaspick, part of TIAA Endowment & Philanthropic Services. In this role, he advises clients on all aspects surrounding planned gifts, including legal, tax, and administration issues. Bill has presented on a variety of planned giving topics at both regional and national events. He joined TIAA in 2012 after serving for more than seven years as vice president of legal services at Crescendo Interactive, Inc. Bill has a BA from the California State University, Chico. He received his  J.D. from the Columbus School of Law at the Catholic University of America and his LLM in tax from Loyola Law School.