Stupid Charitable Tricks: Planning Mistakes I Have Seen
Presented by Ramsay Slugg, J.D.
Tuesday, October 25, 2016
CE Sign-In and Breakfast: 7:30 - 8:00 AM
Presentation starts promptly at 8:00 AM and ends at 10:00 AM
Crowne Plaza Syracuse, 701 E Genesee Street, Syracuse, NY 13210
A complimentary breakfast will be served.
There is no charge to attend.
About the Topic
Well-intentioned gifts to charity may produce unexpected bad results, for both the donor and the charity. Often the gifted asset is not the most tax efficient asset to give. Further, increasingly complex investment and compensation structures often disguise the true nature of an asset leading to a reduced charitable deduction for the donor, and unexpected tax consequences for the charity.
This presentation begins with a review of the basic income, estate and gift tax charitable deduction rules, reviews basic planning structures and then goes through many case studies of charitable planning mistakes in the hope that the lessons learned can help you recognize, and avoid, these problems.
About our Speaker
Ramsay H. Slugg is a Managing Director and member of the National Wealth Planning Strategies Group at U.S. Trust. Previously, he was the National Practice Director of Bank of America’s Philanthropic Management group. He has also served as the Central Region Director of the Bank’s Charitable Management Services Group, and the Central Region Director of the Wealth Management Consulting Group.
Mr. Slugg has also served as an adjunct professor at Texas Christian University and Texas A&M College of Law. He is a frequent speaker on tax and financial planning topics, especially as they relate to art and collectibles, and is frequently quoted in the Wall Street Journal, New York Times, Forbes, Barron’s and other business publications. He is the author of the Handbook of Practical Planning for Art Collectors and Their Advisors, published by the American Bar Association’s Section of Real Property, Trust and Estate Law.
Mr. Slugg is admitted to practice law in Texas, is a member of the State Bar of Texas, the American, and Tarrant County Bar Associations, the Tax and Estate Planning Section of the Tarrant County Bar (Chair, 1999-2000), the Lone Star Chapter of the Partnership for Philanthropic Planning, and the College of the State Bar of Texas. He currently serves as Co-chair of the American Bar Association’s Real Property Trust and Estate Law Art and Collectibles Committee, as well as several other leadership positions. Mr. Slugg received his J.D. degree from the Ohio State University College of Law, and his undergraduate degree from Wittenberg University.
2 hours of continuing education credit are approved for the following:
- Continuing Professional Education for CPAs (CPE)
- Certified Financial Planners (CFP)*
- Continuing Legal Education (CLE) - Difficulty of the course is appropriate for both newly admitted and experienced attorneys.
- Life & Health Insurance Certification (CE)
A certificate of attendance will also be provided for PACE reporting for ChFC® and for other self-reported continuing education such as CWS® designations.
*Nonmembers of the Financial Planning Association will need to provide their CFP number and the last four digits of their social security number at the time of the event to receive CFP continuing education credits.
When & Where
Central New York Community Foundation
Established in 1927, the Central New York Community Foundation encourages local philanthropy by supporting the growth of permanent charitable endowments for the betterment of the region. The Community Foundation is the largest charitable foundation in the region with assets of nearly $193 million. It awarded $11 million in grants last year to nonprofit organizations. Since its inception, it has invested nearly $150 million in the community. The Community Foundation serves as the steward of charitable legacies for individuals, families and businesses through the administration of more than 700 funds. The organization also serves as a civic leader, convener and sponsor of special initiatives designed to strengthen local nonprofits and address the region’s most pressing challenges.
Learn More at www.cnycf.org.