OUR PROGRAM
10:00 AM Nuts & Bolts Session
TOPIC:
Tax and Estate Planning Issues for Same-Sex Couples — A Post Obergefell v. Hodges Update
SUMMARY: On June 26, 2015, the United States Supreme Court decided Obergefell v. Hodges declaring that same-sex couples have a constitutional right to marry. While many issues surrounding the rights of same-sex couples were resolved with Supreme Court’s decision, there are still some issues of which gift officers, practitioners and donors need to be aware.
SPEAKER: Ray Prather, JD, CPA, Prather Ebner LLP
Ray focuses his practice on helping couples, individuals, and the owners of small and closely held businesses achieve their estate planning and charitable giving goals. Ray has created estate and tax plans to help clients protect their family members and reduce their potential estate tax burden. He has helped clients starting their own business choose and set up corporate entities for liability protection, and he has helped owners of stock in closely held businesses negotiate sales of their interest. In probate and estate administration, Ray has helped clients deal with contentious family members to secure their fair share of inheritances while minimizing costly litigation. Ray has also provided advice to fiduciaries about how to carry out their duties consistent with controlling laws.
Ray speaks and writes about the practice of estate planning and has been recognized for his knowledge and dedication to the practice. He is a member of Lambda Legal’s National Planned Giving Council, Metropolitan Family Services’ Planned Giving Committee, and Advocate Charitable Foundation’s Planned Giving Council. He has served as an Adjunct Professor at the Chicago-Kent College of Law teaching Federal Transfer Taxes. Ray was also a Fellow of the American Bar Association’s Section on Real Property, Trust & Estate Law from 2009-2010, and is currently Chair for the Section’s Charitable Planning Committee and Assistant Editor to Trusts and Estates for the Section’s eReport publication. And he has been quoted on estate planning and tax issues in Crain’s, the Chicago Daily Law Bulletin, and the Chicago Tribune. He is former chair of Lambda Legal’s Chicago Leadership Council where he helped organize Lambda Legal’s volunteer presence in Chicago. Ray serves on the Illinois State Bar Association’s Standing Committee on Sexual Orientation and Gender Identity. In 2008, Windy City Times named Ray as one of the recipients of its 30 Under 30 Awards.
10:30 – 11:45 AM Morning Session
TOPIC:
Global Financial Markets and Economies: Themes for 2016
SUMMARY: After a difficult year for investors in 2015, what are the themes and strategies investors should consider in 2016?
- In the wake of the financial crisis, is it different this time?
- Themes to consider will include: the 2016 U.S. election, oil, China, terrorism and global central bank actions
SPEAKER: E. William Stone, Executive Vice President & Chief Investment Strategist, PNC Asset Management Group.
Bill Stone is responsible for leading PNC’s Wealth Management, Institutional Investments and Hawthorn business investment strategy team of analysts in monitoring factors that influence the direction of domestic and international financial markets. He is a member of PNC's Investment Policy committee and is chairman of PNC’s Portfolio Construction committee where he directs the activities to design, monitor and support the various model portfolios utilized throughout the organization.
Stone frequently appears on CNBC, Fox Business and Bloomberg TV and has been quoted extensively in the financial press, including The Wall Street Journal, Financial Times, The New York Times, Bloomberg News, Barron’s, Fortune, Forbes and USA Today. He is regularly interviewed by the major wire services, Associated Press and Reuters. In addition, he is a well-regarded and a frequent public speaker, and has presented at The University of Dayton’s R.I.S.E. (Redefining Investment Strategy Education) Forum and the FactSet U.S. Investment Process Symposium. He currently serves on the board of directors of the Economy League of Greater Philadelphia and is a member of the Union League of Philadelphia.
12:15 – 1:30 PM Afternoon Session
TOPIC:
2016 Philanthropic Outlook Panel Discussion featuring Eric Weinheimer, President and CEO, Forefront (formerly The Donors’ Forum); Clare G. Golla, Financial Advisor & Vice President, Bernstein; Kirk Hoopingarner, Partner, Quarles & Brady; and Kristin Carlson Vogen, President & CEO, Oak Park-River Forest Community Foundation. Moderated by Charles Slamar, Jr., Charles Slamar & Associates
SUMMARY: Hear several different perspectives on the 2016 Philanthropic Outlook, focusing on what donors are saying they do and do not want to do. Panelists will also discuss some of the unique challenges currently facing non-profits in the Chicago area.
PANELISTS:
Eric Weinheimer, President and CEO, Forefront (formerly The Donors’ Forum) -Since July 1, 2014, Eric has been the President and CEO of Forefront, the only regional association in the U.S. that represents grantmakers, nonprofits, advisors, social entrepreneurs, impact investors and their allies. Currently Forefront has 1,100 Members and its mission is to build a vibrant social impact sector for all the people of Illinois. Forefront provides education, advocacy, peer networking, and project management services, and also mobilizes its Members around campaigns that advance the sector.
Prior, Eric was President and CEO of The Cara Program, a non-profit organization that provides comprehensive training, job placement and support services to individuals who are homeless and struggling in poverty. During Eric’s tenure, The Cara Program founded and established leading social enterprises, including Cleanslate Chicago, to generate revenue and provide employment opportunities and on-the-job training to individuals who have significant obstacles to employment. Eric serves on the Advisory Board for the Social Enterprise Initiative at The University of Chicago Booth School of Business. He also serves on the Board of Directors for the Oak Park River Forest Community Foundation.
Clare G. Golla, Financial Advisor & Vice President, Bernstein - Clare provides comprehensive asset management and wealth planning advice for individuals and families, entrepreneurs and corporate executives, and a range of tax-exempt organizations and other business entities. Working with clients and their attorneys, accountants, philanthropic advisors and other professionals, Clare tailors investment plans that are optimized to each client's goals. She has particular expertise with the integration of investment planning and charitable strategies, drawing on her unique and broad experience in the nonprofit and philanthropic community for the benefit of her clients, as well as frequent speaking engagements and volunteer activities. Prior to joining the firm, Clare was senior vice president for a national community development financial institution, where she directed the company’s national institutional practice and built its presence in the nonprofit and philanthropic marketplace.
Clare has served on numerous boards of directors and finance & investment committees for nonprofit organizations. Most recently, she has served as a Director of the Board of the Harvard Club of Chicago, Co-Chair of the Associate Members Group for the Donors Forum, Vice Chair of the Community Foundation of Oak Park and River Forest, and Advisory Board member for the Gary Comer Youth Center.
Kirk Hoopingarner, Partner, Quarles & Brady — Kirk practices in the firm's Trusts and Estates and Tax-Exempt Organizations Practice Groups. For 30 years he has concentrated his practice on all faces of wealth planning, trust and estate administration and philanthropy. He is a frequent speaker including co-presenting with Betsy Brill from Strategic Philanthropy on "Ten Things Not to Miss in Charitable Planning," presenting workshops on charitable planning for both the Madison Community Foundation's and La Crosse Community Foundation's tax and legal seminars in 2014 and most recently presenting an update on charitable giving trends for the annual professional advisors meeting sponsored by the Land of Lincoln Community Foundation. Kirk is also quoted on various wealth planning topics including being quoted in the Wall Street Journal in September and October, 2014 on articles discussing naming rights and assessing risks of joining non-profit boards.
He has been very active in various leadership roles in the Chicago region's philanthropic sector, including having served as Board Chair of McGaw YMCA of Evanston, Board Chair of the Evanston Community Foundation and President of the Corporate Responsibility Group of Greater Chicago. He is on the editorial board of Planned Giving Today and is a frequent contributor to that on line publication. Kirk is currently serving on the Board of the Evanston Township High School Foundation and on professional advisor committees for the Ann and Robert H. Lurie Children's Hospital Foundation, Lincoln Park Zoo and the Chicago Zoological Society.
Kristin Carlson Vogen, President & CEO, Oak Park-River Forest Community Foundation — Prior to joining the Foundation in August, 2014, Kristin worked at Bank of America/U.S. Trust as a philanthropic specialist. She started her career in planned giving with the Evangelical Lutheran Church in America Foundation, and is a past member of CCPG. In her current and prior roles, Kristin provides subject matter expertise on private foundations, donor advised funds, and endowment management for public charities. As leader of the Oak Park-River Forest Community Foundation, she engages with families and community members, as well as local social impact organizations, to ensure the vitality of the local community remains robust and diverse.
Presently, Kristin is a Board Member of The Cara Program and a Trustee of Window to the World Communications, Inc. (WTTW 11/WFMT 98.7). She chairs the Kids Advisory Committee and is a member of the Planned Giving Advisory Committee for WTTW/WFMT as well. Kristin serves as adjunct professor at Concordia University Chicago, teaching in its NFP Program. In addition, she is a past member of the Professional Advisory Committee for the Chicago Community Trust.
MODERATOR:
Charles Slamar, Jr., Charles Slamar & Associates - Charlie is an attorney in private practice advising individuals, family foundations, and public charities. He is also an independent representative with Thompson & Associates, a charitable estate planning consulting firm. In addition, he is the Dean of The Charitable Estate Planning Institute; a speaker for R&R Newkirk’s Three Day Planned Giving Seminar; and on the faculty of the AHP Madison Institute.
Previously, Charlie was the Central Region Director of Bank of America’s Philanthropic Services Group and the Director of Planned Giving for Lurie Children’s Hospital. A past Board member of the Partners for Philanthropic Planning and speaker at its annual conferences; he is also a founding member of the Chicago Council on Planned Giving, a two time past president, and the 2011 recipient of its Russell V. Kohr Memorial Award for excellence in planned giving.
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