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A High Point in Anaheim (that’s not a roller coaster)

Posted by National Association of Charitable Gift Planners on Sep 22, 2014 1:36:27 PM

FrankFew volunteers have contributed more time and creativity to PPP than Frank Minton. He attended the first National Conference on Planned Giving in 1987, and by 1990, he was serving as conference chair. In 1991 he chaired the National Committee on Planned Giving board and helped to propel the drafting and adoption of the Model Standards of Practice for the Charitable Gift Planner. He was a principal author of the Syllabus for Gift Planners, the recipient of NCPG’s Distinguished Service Award in 1992, and a member of the first class in PPP’s Leadership Institute.

Frank had a “long career in gift planning” when his bio was published in the 1990 conference proceedings. Now somewhat retired, he is still following the clues of economy and demography and human nature. To celebrate his 80th birthday, and his continuing status as most-likely to see what’s coming next, PPP gave him the present of a track at the National Conference on Philanthropic Planning.

Frank’s track is called the Summit, and it will be an ideal place for looking back and looking forward. It opens with a faculty panel focused on trends and proceeds through sessions that Frank hopes will be thought-provoking for very experienced planners, at least in part because they predict future opportunities and challenges. Here are just a few of the progressive notions to be explored by Frank’s all-star speakers at the Summit.

- From Marc Carmichael, the possibility of a different breed of life income gift: a tax-exempt “Pooled Unitrust Fund” that would operate similarly to a standard payout unitrust, permiting distributions of post-contribution capital gains to income beneficiaries. But is there any chance of Congressional action to reform the traditional PIF?

- From David Wheeler Newman, an opportunity to revisit the most versatile tool in the gift planner toolkit, the charitable remainder trust.  With the federal tax rate on long-term capital gains more than 50% higher than the maximum tax rate in 2012, and asset values recovering, planners are seeing increased CRT activity.  Some of us need to learn (or re-learn) the planning dynamics to help charities and their donors make the most of this gift vehicle.

- From Wendy Goffe, charitable planning options for couples in a registered domestic partnership, civil union, or intimate committed relationship (i.e., those not legally married for purposes of federal taxation). Some options may actually allow one partner to transfer more wealth to a partner than he or she would be able to transfer otherwise, and most also have the benefit of avoiding probate.

- From Erik Dryburgh, options for donors who are willing to commit, just not in a way that's legally binding.  Revocable CRTs and revocable endowment gifts might be attractive alternatives.

- From Chris Hoyt, "Beware of Gifts that Eat!”  When considering gifts of illiquid assets, learn which pose the fewest tax problems, which pose the greatest problems, and how to apply the gift's greatest potential value to the organization's charitable purposes.

- And from Frank himself, five strategies that make gift annuities more appealing, even when rates are at a historic low.

For more information about all NCPP education tracks and more click here, or on the image below:

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Topics: General