Charitable Giving Vehicles in Estate Planning: Private Foundations, CRTs, CLTs, DAFs, and Other Planning Tools

Charitable giving can provide significant income and estate tax advantages while also satisfying charitable intent. To ensure these advantages for clients, trusts and estate counsel must have a complete understanding of the legal framework and tax rules applicable to charitable giving vehicles.

When it comes to the types of charitable vehicles estate planners should consider a variety of structures, including but not limited to the common options, such as private foundation, CRT, CLT, or a donor-advised fund. Determining which vehicle will provide the optimum benefits is critical for estate planning for clients with charitable intent.

Listen as our panel discusses the mechanics of certain charitable giving vehicles under current tax law and challenges for counsel, as well as offers key income and estate tax planning techniques.

1. Overview of charitable giving
2. Direct giving
3. Donor Advised Funds
4. Private foundations and private operating foundations
5. Sponsoring organizations
6. Charitable Remainder Trusts
7. Charitable Lead Trusts
8. Charitable Gift Annuity
9. Charitable LLCs
10. Guides on how to identify the best structure for each client

The panel will discuss these and other key issues:

• What vehicles are available for charitable giving and what is their impact on estate planning?
• Which asset transfers provide the most income and transfer tax benefits when gifted to a private foundation?
• What are the legal framework and applicable rules for CRTs and CLTs?
• How can you properly structure a CRT or CLT for an income tax deduction and timing of trust income?
• What are the legal framework and applicable rules for DAFs and pitfalls to avoid?
• What are the reporting requirements, operational risks, and opportunities for certain charitable giving vehicles?

Learning Objectives

After completing this course, you will be able to

• Recognize potential income and transfer tax advantages of establishing a private foundation as part of a comprehensive estate plan
• Identify what asset transfers provide the most income and transfer tax benefits when gifted to a private foundation
• Understand the legal framework and applicable tax rules for CRTs and CLTs
• Understand applicable tax rules for DAFs and pitfalls to avoid
• Recognize the reporting requirements, operational risks and opportunities for certain charitable giving vehicles

• Field of Study: Taxes
• Level of Knowledge: Intermediate
• Advance Preparation: None
• Teaching Method: Seminar/Lecture
• Delivery Method: Group-Internet (via computer)
• Attendance Monitoring Method: Attendance is monitored electronically via a participant's PIN and through a series of attendance verification prompts displayed throughout the program
• Prerequisite: Test745

Strafford Publications, 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 Credits. Complaints regarding registered sponsons may be submitted to NASBA through its website: www.nasbaregistry.org.

IRS Approved Provider

Strafford is an IRS-approved continuing education provider offering certified courses for Enrolled Agents (EA) and Tax Return Preparers (RTRP).