Charitable Gifts of Business Interests – Virtual Program at UMKC
Wednesday, May 16, noon – 1:30 p.m.
UMKC Administration Building, Brookside Room
Bring your lunch; drinks provided by UMKC
Charitable Gifts of Business Interests (Level: advanced)
Business owners usually have four goals when they leave their businesses: retire from the business; sell to a new owner (family members, employees, or third parties); minimize taxes and maximize profits. For those who are already charitably inclined, business exit planning using charitable strategies allows them to add a fifth goal: doing good things for their favorite charity or their community. In this session we will explore some frequently used charitable planning tools, such as, charitable remainder trusts and charitable lead trusts, and point out some common pitfalls, such as, prearranged sales, unrelated business taxable income (UBTI) and self dealing.
Praise for this session from the National Conference on Philanthropic Planning: “Great topic and helpful presentation…EXCELLENT—especially the supporting materials.”
CEUs: 1.5 hours CFRE credit pending; 1.5 hours CFP credit pending
About the presenter:
David A. Libengood is Director, Relationship Management at Kaspick & Company. He has 25 years of experience in planned giving and is a frequent speaker at regional and national conferences. Libengood serves as a member of the Board of Directors, and co-chairman of the Rates Committee, of the American Council on Gift Annuities (ACGA). He is also a past president of the Planned Giving Group of New England. Prior to joining Kaspick & Company in 2001, Libengood was responsible for gift planning, trust and bequest administration, and the investment of life income gifts at The First Church of Christ, Scientist in Boston. He graduated with high honors from the American Bankers Association’s National Graduate Trust School and is a Certified Trust and Financial Advisor (CTFA). He holds a Bachelors of Music Performance degree and an MBA with distinction from The University of Michigan.
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