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"Philanthropy is a ministry."
~ Arthur C. Frantzreb |
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News! The two (2) hour continuing education course entitled Change Alabama with Giving Alternatives is now approved by the Alabama State Bar to include one (1) hour of ethics.
About the Course: Is your client selling a business? Exercising stock options? Diversifying appreciated assets? Redoing his or her tax and estate plan? Needs to establish an estate plan?
Few of us are experts in philanthropy, yet each of us needs a working knowledge when one of these life events occurs. As people age and eventually retire, they increasingly turn their attention to philanthropy, including volunteerism, as they seek to leave a legacy for their family or their community. The astute advisor recognizes that the tax-smart ways of funding philanthropy occur during these earlier life events.
When should my client consider establishing a family foundation? What are the relative advantages and disadvantages of a family foundation (or other private foundation) versus working with a community foundation to establish a donor-advised fund or a supporting organization? Is there a charitable organization or community cause that you client supports? What are the tax benefits of each philanthropic choice? What is the proper way to raise the subject of philanthropy? What are the ethical issues in making a suggestion?
Lawyers, accountants, and financial planners who attend the course "Change Alabama with Giving Alternatives" will learn the basics of establishing and operating a private foundation. They will learn about the fund options available at a community foundation. Supporting organizations often referred to as a hybrid between a private foundation and a public charity, will be covered in detail. Attendees will learn about the different types of supporting organizations and the IRS tests they must satisfy. The advantages and disadvantages of these philanthropic options will be compared, and case study examples given. Attendees will receive the Southeastern Council of Foundation's publication, The Southeastern Toolkit for Giving and will receive two hours of continuing education credit.
Approved by:
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State Board of Accountants (2 hours)
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Certified Financial Planner Board of Standards (2 hours)
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Alabama State Bar (2 hours including 1 hour ethics)
Helping your clients identify and achieve their charitable goals is simple. Let Alabama Giving show you how. Have your local bar association contact Alabama Giving at (205) 313-4830 to offer this accredited course in your community.
Sign up for an e-newsletter dedicated to helping professional advisors learn about using community foundations to help their clients email professionalconnections@foundationbirmingham.org.
 For more than 30 years the Southeastern Council of Foundations has served as the premier membership organization and corporate giving programs in Alabama, Arkansas, Florida, Georgia, Kentucky, Louisiana, Mississippi, North Carolina, South Carolina, Tennessee, Virginia and West Virginia. Members convene regularly to network and engage in professional development, and connect with a broad array of technical assistance services. SECF also furnishes information about the role and value of philanthropy to the media, legislators, and the community of philanthropic advisors. Among the other Council publications are Interchange, a monthly newsletter; Southeastern Philanthropy, an annual profile of giving trends; and the helpful Foundation Desk Reference for private foundations.
To receive your FREE copy of the Southeastern Toolkit for Giving use our registration form.
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