AFP Southern Minnesota invites you-The Essential Elements of Planned Giving

Please note this event being held between two dates, your ticket purchase covers both those dates.

You are cordially invited to this great opportunity to increase your knowledge and ability to practice in planned giving. You will not want to miss this workshop planned in two parts and organized to allow time between sessions to consider how you can apply the information at your organization.

June 10 and June 24, 12:30 – 4:30 PM

Rochester Area Foundation Community Room

In person and virtual workshop

Cost: $75 per AFP member; $100 per non-AFP member

In person registration is limited to 50 individuals. The first 40 in person registrants (one per organization) will receive a copy of Planned Giving in a Nutshell by Craig Wruck.

Limited scholarships available for AFP Southern Minnesota chapter members only. Contact Stacey Vanden Heuvel at svandenheuvel@olmmed.org for more information.

Registration fees will benefit the scholarship programs offered by AFP Southern Minnesota.

If you only plan to attend one day, please indicate that on the registration form; the cost will still be $75 if you only attend one session. Registration includes your own copy of Planned Giving in a Nutshell by Craig Wruck. One hard copy per organization. A restricted pdf copy is available for virtual attendees or for second/third person attending for an organization.

The Essential Elements of Planned Giving

An intensive introduction to planned giving, topics will include fundamentals of taxes, basic planned giving methods, charitable gifts of assets, and advanced planned gift vehicles. Our emphasis will be on understanding the concepts and developing a conversational grasp of these topics so you can speak with confidence to donors and prospective donors about creative ways to achieve their charitable goals.

If you are new to planned giving, need a refresher, or are a development generalist, you should attend this course. You will get an excellent overview of gift planning and the tools you need to make the most of it.

Registration for the in-person sessions comes with a complimentary copy of Craig’s book, Planned Giving in a Nutshell.

Summary and Objectives

· Participants will receive an overview of charitable gift planning basics, including the tax aspects of outright contributions, and planned giving techniques.

· Emphasis will be on conceptual understanding and the ability to explain the concepts to prospective donors in a clear and convincing way.

· Four major topic areas: 1) Tax Fundamentals, 2) Basic Planned Giving Methods, 3) Assets Used for Charitable Contributions, and 4) Advanced Planned Giving Methods

· June 10, Topics: Tax Fundamentals and Basic Planned Giving Methods will be covered; June 24, Topics: Assets Used for Charitable Contributions and Advanced Planned Giving Methods

Monday June 10

1) Tax Fundamentals

· Federal Income Tax

· Capital Gains Tax

· Amount of the Deduction: Fair Market Value

· After Tax Cost of Gift of Appreciated Property

· Deduction Limitations / Quid Pro Quo Reduction

· Date of Gift / Substantiation Requirements

· Transfer Taxes: the Estate Tax

2) Basic Planned Giving Methods

· Charitable Bequests and Testamentary Gifts

· The Probate Process

· Restrictions

· Beneficiary Designations

· IRAs and Qualified Retirement Plans

· Gifts of Life Insurance

· Donor Advised Funds

Monday June 24

3) Assets Used for Charitable Contributions

· Stocks, Bonds, and Mutual Funds

· Real Estate

· Tangible and Intangible Personal Property

· Gifts-in-Kind

4) Advanced Planned Giving Methods

· Life Income Gifts

· Charitable Gift Annuity

· Charitable Remainder Trusts

· Charitable Lead Trusts

· Retained Life Estate

Presenter: Craig Wruck

Craig Wruck’s experience in charitable giving spans more than 40 years in leadership positions in both nonprofit and for-profit organizations. He retired as Vice President for University Advancement at Humboldt State University and has served as Vice President for Advancement at Minnesota State University, Senior Vice President of Development and Alumni Relations at Hazelden Foundation, as well as Director of Gift Planning for the University of Minnesota, and Vice President of Development for The Saint Paul Community Foundation. In addition, he has held national positions at U.S. Trust Company, US Bank, and Kaspick & Company.

Craig is past president of the National Association of Charitable Gift Planners and served as chair of its government relations committee. He received a Distinguished Service Award from the National Committee on Planned Giving, the Clinton A. Schroeder Award from the Minnesota Gift Planning Association, and was named Outstanding Fundraising Executive by Minnesota AFP in 1989. Craig is the author of Planned Giving in a Nutshell, a practical guide to planned giving for development generalists. He earned his MBA from the University of St. Thomas and his bachelor’s degree in journalism from the University of Utah.

Thanks to Rochester Area Foundation for use of the Community Room for this special educational offering. Thanks also to OMC Regional Foundation for afternoon snacks.

Special thanks to Craig Wruck for his time and talent and unwavering commitment to the development of fundraising professionals and advancement of gift planning as an important part of the philanthropic process and helping benefactors accomplish their life and legacy goals for giving.