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Tag Volume: 8    Issue: 10    Summer 2008
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Latest Rulings from the Courts and the IRS Legislative Developments
Charitable Planning in Practice Other Items of Interest to Planners
Resources for Nonprofit Management Advisor Update Archive

Latest Rulings from the Courts and the IRS | see all articles Arrow

New Revenue Ruling Provides Safe Harbors for Division of Charitable Remainder Trusts, Rev. Rul. 2008-41; 2008-30 IRB 1

A recent revenue ruling details safe harbor approaches to dividing a charitable remainder trust to avoid disqualification under IRC §664(d), taxable terminations under IRC §507(a)(1), self-dealing under IRC §4941, and taxable expenditure under IRC §4945. read more »

Charitable Planning in Practice | see all articles Arrow

What Do You Know About Your Clients and Their Charitable Goals?

Most estate planning conversations with your clients are focused on transferring assets to family, solving difficult family planning issues, and reducing taxes. read more »
Advocate Says Farewell to Director of Gift Planning

After eight years of dedicated service, Marilyn Schaffer is leaving Advocate Charitable Foundation to join Lincoln Park Zoo as its director of planned giving. Her work on creative gift plans as well as competent oversight of trusts, endowments, and bequests has contributed significantly to Advocate’s growth in philanthropic support during her tenure. Marilyn is credited with developing Advocate Health Care’s Advisor Alliance Program, having leveraged the synergy of system resources to coordinate a more influential program with greater impact.

 

Marilyn’s passion, insight, and expertise will we be greatly missed, but we wish her all the best as she embarks on this new phase of her professional life. A search for Marilyn’s replacement is underway. If you have any gift planning inquiries, please contact Susan Mongillo, interim director of gift planning at susan.mongillo@advocatehealth.com.

 Save the Date!

Advocate Charitable Foundation’s second annual Advisor Alliance program

 

“The Intersection of Legal and Interpersonal Conflicts: Exploring the legal, moral and ethical challenges of working with multi-generational family groups.” 

 

Date: Thursday, October 16, 2008

Location: The Hyatt Lodge at McDonald’s Campus

Program: 

Complimentary buffet breakfast

 Part one:  Presentation by nationally known ethics expert, Thomas E. Spahn of McGuireWoods, LLP: “Top 10 Ethical Challenges Facing Estate Planning Practitioners and the Best Practices for Addressing Them.”

Part two:  Panel discussion moderated by Joel Weisman, Host and Senior Editor of WTTW’s Chicago Tonight: The Week in Review.

 

Panelists include:

Thomas E. Spahn

McGuireWoods, LLP

Virginia

Charles F. Newlin

Harrison & Held, LLP

Chicago

Carol J. Ryan

Loyola Family Business Center

Chicago 

 

**Continuing Education credit available!**

 

 Sponsored by William Blair & Company

Resources for Nonprofit Management | see all articles Arrow

Interim Guidance for Public Disclosure of Unrelated Business Taxable Income Returns, Notice 2008-49

Some charities have been confused about the Pension Protection Act requirement that charities make Form 990-T available for public inspection after August 17, 2006. read more »

Legislative Developments | see all articles Arrow

Extender Bills Proliferate—Most Include Extension of Charitable Tax Incentives, http://thomas.loc.gov

Numerous bills extending individual personal and charitable tax benefits have been filed in the current Congress. read more »

Other Items of Interest to Planners | see all articles Arrow

2007 U.S. Charitable Giving Edges Up 3.9% to $306.39 Billion, “Giving USA 2008”

On June 23, 2008, Giving USA Foundation released Giving USA 2008 reporting charitable gifts of $306. read more »
Advocate Charitable Foundation raises funds to support clinical excellence and community outreach at Advocate Health Care, a not-for-profit family of caregivers. Advocate comprises 200 sites of care, eight acute care hospitals,and two children's hospitals in metropolitan Chicago:
Advocate Bethany Hospital
Advocate Christ Medical Center
Advocate Good Samaritan Hospital
Advocate Good Shepherd Hospital
Advocate Hope Children's Hospital 		Advocate Illinois Masonic Medical Center
Advocate Lutheran General Hospital
Advocate Lutheran General Children's Hospital
Advocate South Suburban Hospital
Advocate Trinity Hospital
Copyright © 2007 Advocate Charitable Foundation | www.advocatehealth.com | (847) 384-3400
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