Mid-America Planned Giving Council

Helping You Make a Difference

MAPGC

Events

  • Mar 9, 2018 - 07:30 -09:00 AM
    Retirement Plans & Gifting Strategies

    The average American’s wealth is mainly comprised of homes and retirement assets.  Furthermore, recent studies have revealed that for a variety of reasons, non-probate methods to transfer assets is on the increase, including retirement plan beneficiary designations.  The Will is no longer the primary vehicle used to transfer assets upon death.  Gift Planners and Major Gift Officers need to be aware of these trends when working with donors and their advisors.  With 61% of U.S households owning tax advantaged retirement accounts, it behooves Gift Planners, Major Gift Officers and Financial Advisors to be well-versed in gifting options involving retirement plans.  This session will provide a general overview of the various types of retirement plans, including contribution, distribution, and inheritance rules and options.  It will also explore a variety of gifting strategies using retirement plans, both during life and upon death. Several cases illustrating retirement plan gifting strategies will shared and discussed.

    Agenda:
    7:30 – 7:50 am Registrtion/Breakfast
    7:50 – 8:00 am Announcements
    8:00 – 9:00 am Program

    Presenter 1:  Andy Morison, Assistant Vice President for Gift Planning – KU Endowment Association

    Andy has been the Assistant Vice President for Gift Planning at the Kansas University Endowment Association since 2012.  Prior to his role at KU Endowment, he was the Gift Planning Director for Saint Luke’s Hospital Foundation in Kansas City, Missouri for 15 years, where he also served as President of Saint Luke’s Foundation’s real estate subsidiary.  Andy served as a Personal Trust Officer for Mercantile Bank, now US Bank, for 6 years prior to joining Saint Luke’s Foundation.  He holds bachelor degrees in English Literature and Education from the University of Kansas and a JD from Washburn University in Topeka, Kansas.  Andy has served on numerous organization’s boards and planned giving committees, and has served as President of MAPGC, the Shawnee Mission Education Foundation, The Mercury Club of Kansas City, The Shawnee Mission East Fund, and currently serves as President of the House Corporation of the Pi Deuteron Chapter of the Phi Gamma Delta Fraternity at the University of Kansas.

    Presenter 2:  Kristin Shore, Associate Development Director of Gift Planning – KU Endowment Association

    Kristin Shore grew up in Manhattan Kansas. She received her Bachelor’s degree in Health Information Management at the University of Kansas.  Following five years as a Program Consultant for the Kansas Department of Health and Environment Immunization Program, she spent five years as a Financial Advisor and was series 7, 66 and health and life insurance licensed. In October of 2016 she became the Associate Development Director of Gift Planning for the KU Endowment Association.



  • Apr 13, 2018 - 07:30 -09:00 AM
    Charitable Gifts and Bequests of Retirement Assets with Christopher Hoyt

    The session will focus on strategies, traps and solutions for charitable uses of retirement assets, including “Charitable IRA Rollover” and using pre-tax dollars in retirement accounts to make charitable bequests.  Also, an introduction to “income-based charitable bequests” – a way for an estate or trust to get income tax savings from charitable bequests.

    Most charitable bequests in today’s wills and trusts are missing a huge tax-saving opportunity. We still use language from the 20th Century. That language produced a charitable estate tax deduction for those estates that were subject to the federal estate tax. In the 21st Century, few estates pay the federal estate tax. So, instead, charitable bequests in wills and trusts should be drafted to produce income tax savings. Use language that allows a trust or an estate to claim a charitable income tax deduction for charitable bequests. With fewer income taxes paid, other beneficiaries (such as children) can inherit a larger amount.

    Take-aways:

    • When does “Charitable IRA Rollover” produce the most tax savings? When not?
    • Strategies, traps and opportunities for charitable bequests from retirement assets.
    • An introduction to “income-based charitable bequests” – a way for an estate or trust to get income tax savings from charitable bequests.

    Agenda:

     

    7:30 – 7:45 am Registration/Breakfast
    7:50 – 8:00 am Announcements
    8:00 – 9:00 am Program

    Presenter:  

    Christopher Hoyt is a Professor of Law at the University of Missouri Kansas City) School of Law where he teaches courses in the area of federal income taxation and business organizations. Previously, he was with the law firm of Spencer, Fane, Britt & Browne in Kansas City, Missouri. He received an undergraduate degree in economics from Northwestern University and he received dual law and accounting degrees from the University of Wisconsin.

    Professor Hoyt has served as the Chair of the American Bar Association’s Committee on Charitable Organizations (Section of Trusts and Estates) and he serves on the editorial board ofTrusts and Estates magazine. He is an ACTEC fellow and has been designated by his peers as a “Best Lawyer”. He was elected to the Estate Planning Hall of Fame by the National Association of Estate Planners & Councils. He is a frequent speaker at legal and educational programs and has been quoted in numerous publications, including The Wall Street Journal, Forbes, MONEY Magazine, The New York Times andThe Washington Post.

    Read an article regarding the best ways to structure a charitable bequest of IRD Assets by Mr. Hoyt here.



  • May 11, 2018 - 07:30 -09:00 AM
    Probate with Hon. Kathleen A. Forsyth

    Judge Forsyth will present an overview of Probate Administration and the handling of small estates.  She will also discuss pitfalls of poorly planned or executed charitable gifts and offer some suggestions for avoiding them.  Questions will be welcome.

    Take-aways:

    • Do all wills have to go through probate?
    • What happens during probate?
    • Learn about poorly planned estates
    • Common problems that can arise during probate

    Bring your questions, there will be a Q&A to answer your probate and estate questions.

    Agenda:

    7:30 – 7:50 am Registration/Breakfast
    7:50 – 8:00 am Announcements
    8:00 – 9:00 am Program

    Presenter:  

    Kathleen A.Forsyth earned her undergraduate degree from Emporia State University and her J.D. from the University of Missouri-Kansas City School of Law.

    Forsyth worked in the areas of probate and trust law for 15 years prior to her appointment by the 16th Judicial Circuit Court as Probate Commissioner in 1994. During that time, she was affiliated with several Kansas City law firms including Shughart Thomson & Kilroy PC, Linde Thomson Fairchild Langworthy Kohn & VanDyke PC, and Spencer Fane Britt & Browne LLP.

    Following retirement from the bench, Judge Forsyth continues to be involved in the legal community, serving as Senior Judge, offering services in mediation and consulting and authoring Missouri Practice volumes on Probate Forms and Evidence published by Thomson Reuter Westlaw.



Member Quotes

MAPGC is the perfect network and resource for me

JT Cattle Director of Development, Avila University