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

Bitcoin and Beyond: Making Virtual Currency Less Virtual

Bryan Clontz

THURSDAY, OCTOBER 18, 2:00 – 3:00 p.m.

Intermediate

Massive new wealth has been generated by virtual currency appreciation and an increasing number of donors are exploring charitable giving options. This session will provide a summary overview and landscape of virtual currency, common giving techniques and practical legal, tax, appraisal and receipt considerations.

Learning Objectives

  1. Learn the basics of virtual currency.
  2. Learn how charities can receive virtual currency.
  3. Anticipate the legal, tax and appraisal issues that arise with virtual currency.

 

CFRE: Approved for 1 point  

CFP: Approved for 1 point 

CAP: Approved for 1 hour CE Credit 

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Bryan Clontz

PRESIDENT, CHARITABLE SOLUTIONS, LLC

Bryan Clontz , Ph.D., CFP®, CLU®, ChFC®, CAP®, AEP®, RICP® is the founder and President of Charitable Solutions, LLC, specializing in non-cash asset receipt and liquidation, gift annuity reinsurance brokerage, gift annuity risk management consulting, emergency assistance funds as well as virtual currency and life insurance appraisals/audits. Bryan is the founder of the National Gift Annuity Foundation and the Dechomai Foundation, Inc. and Dechomai Asset Trust - two national donor advised funds focusing on non-cash assets generally and S-corp transactions, respectively. He has written dozens of articles as well as a book released last year, Charitable Gifts of Noncash Assets.

Planned Gift Tech

Accelerating the Remainder Gift: Two Case Studies

Russell Willis

THURSDAY, OCTOBER 18, 3:30 – 5:00 p.m.

Intermediate

Ongoing stewardship of a life income gift donor can sometimes include revisiting whether the cashflow from a remainder trust or a gift annuity is still meaningful within the donor's larger financial picture, or whether that income stream might itself be the source of a further deductible gift. This session will present two case studies—one involving the commutation or surrender of a portion or all of the income interest in a charitable remainder trust, outright or in exchange for a gift annuity, and another involving the assignment to the issuing charity of a portion or all of a gift annuity. In each case, we will discuss the tax treatment of these transfers, and we will reflect on some of the planning that might have been done at the outset to anticipate the possibility that the donor might decide at some point to accelerate the remainder gift.

Learning Objectives

  1. Identify situations in which the commutation or surrender of an income interest in a remainder trust or the assignment of a gift annuity might be indicated.
  2. Describe the basic tax consequences of each of these transactions, and identify unresolved issues.
  3. Be aware of several potential state law issues affecting each of these transactions.

 

CFRE: Approved for 1.5 points

CFP: Approved for 1.5 points

CAP: Approved for 1.5 hours CE Credit

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Russell Willis

PLANNED GIFT DESIGN CONSULTANT, THE GREYSTOCKE PROJECT

Russell Willis works as a consultant with nonprofits, donors, and their advisors in structuring charitable contributions of business and real property interests to serve the mutual advantage of all parties. He also provides legal research and advice on income and transfer tax planning more generally. For ten years, Russ wrote daily content for a subscription website, providing in-depth analysis of developments in tax law affecting charitable gift planning. More recently he has launched a fortnightly online newsletter, Jack Straw, analyzing current developments in the law—both tax and nontax—concerning the transfer of private wealth in this country.

Russ is a frequent speaker at regional and national conferences on planned giving. He has an undergraduate degree in English literature from Indiana University in Bloomington and a master's in English from the University of Chicago. He earned his  J.D. at St. Louis University and his master's in taxation law at Washington University in St. Louis, Missouri. For more than twenty years, Russ practiced law in St. Louis, with a concentration in transfer tax planning and in particular charitable gift planning. He chaired the steering committee of the probate and trust law section of the local bar association and served for years on a legislative drafting subcommittee of the probate and trust law committee of the state bar. As an adjunct member of the faculty at the St. Louis University law school, he taught courses in future interests and tax-driven estate planning.

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.