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  • A Bi-Monthly Electronic Publication for Section Members
  • April 2009

Group and Committee News

The Charitable Planning and Organizations Group

The Group's three committees - Charitable Planning, Charitable Organizations, and Legislative and Regulatory Issues - work closely together in program planning and implementation.

This year the Group is working hard to sponsor quarterly calls for members that bring real insights from practitioners in the field. On January 21, 2009, Conrad Teitell led the quarterly call, discussing early termination of charitable remainder trusts. Quarterly calls are a good opportunity for members to learn about the activities of the group and to provide input on upcoming projects and programs.

The Group is sponsoring two panels at the Spring Symposia in Washington, DC: the first, focusing on new developments in the field, will be presented by Emily M. Lam, Office of Tax Policy, Department of the Treasury; Stephanie Casteel, King & Spalding LLP; Elaine Waterhouse Wilson, Quarles & Brady, LLP; and Grace Allison, The Northern Trust company. We will hear the latest on supporting organizations, the new Form 990, and the new charitable gift substantiation requirements. For our second panel, Julie Kwon, Stanford University, and Ramsay Slugg, U.S. Trust – Bank of America Private Wealth Management, will focus on CRT planning in the new tax and economic environment and on "sick" CRTs and exit strategies.

During the past few years, much of the Group's work has been responding to requests for comments from the Treasury Department on proposed regulations. The Group submitted comments on the Advanced Notice of Proposed Rulemaking on supporting organizations in 2008 and has assembled a task force to review the proposed regulations from Treasury when they are issued. This year the Group is also making new developments a priority and is updating the website to provide timely information on recent charitable cases, rulings, and regulations.

The charitable field is active and changing. We encourage members to join the Group luncheon meeting on Friday, May 1 at the Spring Symposia , meet the Group leadership, and find a project that interests you.

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