Charitable Foundation Management

Subject Matter Expert, Myles McHale, will discuss the various charitable giving strategies and provide an update on current trends in charitable giving and how to engage with clients on discussions around family philanthropy.

Over this two-day session, you will learn:

• How the SECURE Act 2.0 affects charitable giving strategies
• The mechanics of charitable trusts (CLT, CRT, CRUT, CRAT)
• How to convert a private foundation into a donor advised fund
• How to conduct and flourish when planning and delivering a Family meeting

Focusing on charitable giving will enhance both your client relationships and your practice for years to come. Understanding the trends and strategies around charitable giving can serve as an additional value-add that advisors can bring to their financial planning clients. Yet with all of the various options available from Qualified Charitable Distributions (QCDs) to Donor Advised Funds (DAFs) to charitable trusts and more, knowing which option to recommend to clients can require careful planning.

This session aims to help you:

• Gain perspective on the 2024 market after a strong end to 2023
  
• Understand why interest rates and earnings are the key variables to observe this year
• Learn the philanthropic trends we are watching in 2024 -2025
• Arm yourself with charitable planning strategies that will be most relevant this year and beyond.
• Understanding basic stewardship practices
• Develop and implement unique strategies for your major donors
• Convey the benefits of tax-smart gifts to your Clients and Prospects
• Learn and deliver capabilities to employ during Tax Season and throughout the year

Many professionals satisfy Continuing Education and/or Continuing Legal Education requirements with this course. Rules for CE and CLE approval are time-sensitive and vary by designation and state. 

Areas of Study Include: Key Laws Impacting the Charitable and Not-for-Profit Areas, Foundation Types and their Uses and Benefits, Structure and Needs for Good Board Governance (Roles and Fiduciary Responsibilities), Needs for Gift Policy Issues, Charitable Giving Options and Techniques, Taxation of Individuals which Impacts Charitable Giving, Evolution of Sustainable Investing, Investment Policy Statement: Development and Formulation (Asset Choices, Spending Rules, and Selection and Monitorization of Investment Managers), RFP Best Practices, Current Case Studies and Group Discussions