Community Foundation of West Georgia and Mason Investment Advisory Services, Inc. Present:
Ethics & Donor Advised Funds in 2024
Ethics & Donor Advised Funds in 2024 is a continuing education session inclusive of two modules.
The first is titled “Practice Standards for Charitable Gift Planners,” presented by Derek Higgins.
This 1-hour CE ethics program is designed to promote responsible gift planning among professionals involved in the charitable gift planning process. Tailored for financial advisers, estate planning attorneys, certified public accountants, certified financial planners, bank trust officers, insurance agents, and other advisors, this session offers comprehensive insights into best practices and ethical standards in charitable planning through the lens of the eight statements of standards as defined by the National Association of Charitable Gift Planners. Through interactive discussions plus a deep dive into two real-life case studies, attendees will gain practical insights into navigating ethical dilemmas and ensuring their practices align with industry best practices. This session not only aims to enhance participants’ ability to guide clients in their philanthropic endeavors responsibly but also to foster a culture of ethical awareness and collaboration within the professional charitable giving community.
The second is titled “Maximizing Philanthropy: Leveraging Donor Advised Funds in Charitable Planning,” presented by James Ross, AIF®.
This 1-hour CE program focuses on helping professional advisors deepen their knowledge of the donor advised fund (DAF) giving strategy as part of their estate and financial planning for clients. Participants will learn how to identify clients who may benefit from a DAF, including those with appreciated assets, and how to start a conversation about giving. The session will focus on how DAFs work and potential benefits they can provide to the clients of professional advisors. The speaker will present a comparison of DAFs and alternative charitable vehicles including private foundations. Participants will learn about the tax advantages of DAFs as well as different types of DAFs that are available such as through national organizations, religions organizations and community foundations. Participants will also learn about potential changes on the horizon for DAFs stemming from proposed IRS regulations introduced at the end of 2023. Finally, the speaker will share real world case studies of DAFs in action and demonstrate some of the ways a professional advisor’s client can benefit from partnering with a community foundation when setting up a DAF.
Presenters from Mason Investment Advisory Services, Inc.
Derek Higgins, MBA, JD
Senior Financial Planner, Mason Investment Advisory Services
Derek Higgins, MBA, JD, Senior Financial Planner, joined Mason Investment Advisory Services, Inc. in September 2011. Prior to that date, Mr. Higgins was Senior Vice President, Wealth Strategist with US Trust, Bank of America Private Wealth Management in San Francisco. His previous experience includes tax and wealth planning positions with Citi Global Wealth Advisory Services in San Francisco and Thomas Weisel Partners Group in San Francisco. He received a Bachelor of Arts from The University of Western Ontario in 1988, a Master of Business Administration from Union College, Union University and a Juris Doctorate from Albany Law School, Union University in 1995.
James L. Ross, AIF®
Managing Director, Senior Investing Consultant, Mason Investment Advisory Services
James L. Ross, II, AIF®, Managing Director, and Senior Investment Consultant, is a managing director and senior investment consultant at Mason Investment Advisory Services, Inc. Before joining Mason in April 2016, Mr. Ross worked for Lancaster Pollard as Vice President of Institutional Investments. He was previously a Portfolio Manager at Morgan Stanley and a Financial Advisor at Merrill Lynch. He received a Bachelor of Arts in History and Economics from Denison University in 1999. He earned his Accredited Investment Fiduciary designation in 2016. Mr. Ross is a member of Mason’s Investment Committee.
Date
September 24, 2024
SCHEDULE
8:30 a.m. to 10:30 a.m. ET
LOCATION
Carroll EMC
155 Ga Hwy. 113
Carrollton GA 30117
Cost
FREE
Learning objectives include:
- Identify limitations on charitable contribution tax deduction including five (5) factors that can affect a taxpayer’s ability to deduct charitable contributions.
- List three (3) considerations when developing a charitable giving model for the client that accounts for sufficiency of assets and future capital needs.
- Identify three (3) charitable gifting strategies that can be deployed to support your client’s charitable goals.
- List five (5) statements of standards as defined by the National Association of Charitable Gift Planners.
- Understand the “Give, Grow, Grant” framework underlying how DAFs work and be able to list three (3) key benefits DAFs can potentially provide to donors as well as four (4) criteria to consider when determining if a DAF is appropriate for a client.
- List two (2) scenarios where a DAF might not be the most advantageous giving strategy.
- Describe the proposed IRS and US Treasury regulations for DAFs and implications for community foundations, donors and professional advisors.
- Identify three (3) types of DAFs that can help meet the needs of donors who want to give back to their community.
- Discuss ways to start a conversation around a client’s wishes for philanthropic giving, including three (3) potential questions to ask as well as how to work with a community foundation as your partner so both charity and donor benefit.
Who should attend?
Estate Planning Attorneys, Certified Public Accountants, Certified Financial Planners, Bank Trust Officers, Insurance Agents, Chartered Financial Consultants, and any other professional advisors interested in improving their charitable planning knowledge to build their private client practices.
Registration:
https://cfwg.fcsuite.com/erp/donate/list/event?event_date_id=2848
To register, please call or email:
Kim B. Jones
President
Community Foundation of West Georgia
kim@cfwg.net
770-832-1462
Continuing Education Credits:
- 2 hours – Chartered Financial Consultants (ChFC®) may earn continuing education credit. Please note that ChFC® credits are self-reported and may or may not be approved by the American College.
- 2 hours – CPAs may earn continuing professional education credit for specialized knowledge.
- 2 hours – Bank Trust Officers may earn credit.
- 2 hours – Certified Financial Planners may earn continuing education credit.
- 2 hours – Attorneys may earn continuing legal education credit.
- 2 hours – Insurance Agents may earn continuing education credit.
Prerequisites:
None
Advanced Preparation:
None
Program Level:
Overview
Delivery Method:
Group Live
Conference Policies:
For more information related to this program, please contact:
TBD
For information related to complaints, please contact:
Will Thorpe
Chief Marketing and Development Officer
Mason Investment Advisory Services
11921 Freedom Drive
Suite 1000
Reston, VA 20190
T: (703) 716-6000
F: (703) 716-6020
wthorpe@masoncompanies.com
www.masoncompanies.com
Mason Investment Advisory Services, Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.
