TAX PLANNING THROUGH CHARITABLE STRATEGIES: FOUNDATIONS VS. DONOR ADVISED FUNDS
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The panel discussion will delve into the intricacies of two charitable vehicles and their significant cost-saving potential for companies. Experts will share insights on how businesses have successfully leveraged these vehicles to save millions in financial resources. Attendees will gain valuable knowledge about the advantages and mechanisms of each charitable vehicle, empowering them to make informed decisions regarding their philanthropic endeavors. Additionally, real-world examples and case studies will illustrate the effectiveness and practical application of these strategies in corporate philanthropy.
Learning Objectives:
- Understand the fundamental principles and mechanisms behind two distinct charitable vehicles discussed in the panel.
- Analyze case studies and real-world examples to comprehend how businesses have effectively utilized these charitable vehicles to achieve significant cost savings.
- Gain insights into practical strategies for implementing and optimizing the use of charitable vehicles within corporate philanthropy, with a focus on maximizing financial benefits for companies
About the Presenters:
Hear from industry experts Ruby Pediangco, Chris Boyce, and Mark Sitzman. Jonathan Webb will be moderating this event.
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Attorneys
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CPAs/Accountants
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Wealth Managers
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Financial Advisors
One of the critical ‘legs of the stool’ is personal financing planning. An owner must have a strong financial plan & contingency plan post-transition to enable them to thrive in the next act of the lives personally and financially. Exit planning brings this future mindset into the present. Exit is now.
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Business Owners & Their Trusted Advisors
EXIT PLANNING IS GOOD BUSINESS STRATEGY
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ABOUT THE PRESENTER
Ruby is Senior Manager of Tax, Trust & Estate at Schwab Charitable. She educates advisors and donors on tax and legal issues associated with complex gifts, and conducts the due diligence review of donated assets. Complementing her donor-advised fund knowledge is her two decades of charitable planning experience in both the nonprofit and financial services industries. She brings to her role expertise in planned giving, private foundations, wealth planning, and business exit strategies. Ruby holds a Bachelor of Arts from the University of California, Irvine and a Juris Doctor from the University of Washington School of Law. She is a member of the California and Washington state bars and the Minnesota Gift Planning Association.
Chris Boyce is Senior Manager at Schwab Charitable Consulting, providing strategic support for wealth advisory firms, family offices, and donor communities within the Central Region of the US. In his role, Chris assists wealth management professionals with innovative solutions to integrate charitable planning into their client’s philanthropic strategies. Prior to joining Schwab Charitable, he worked in the financial services industry for more than 20 years with senior business development roles at BNY Mellon/ Pershing, CFA Institute and Millennium Trust. Chris holds a Bachelor in Business Administration Finance from the University of Wisconsin-Milwaukee.
Mark is a managing director for Foundation Source, the nation’s largest provider of technology, administration and expertise for private foundations and planned giving. He manages the firm’s Mid Central region, operating out of his office in Chicago, IL, and works directly with families and foundations – and in partnership with private wealth advisors, family offices, and attorneys – to cultivate a comprehensive operational solution for private foundation clients. Mark is a native Midwesterner, where he spent his career as a strategy consultant at top-tier firms and in related roles at large financial institutions. He has served as an executive director at Morgan Stanley Asset Management where he provided thought leadership on corporate strategy, distribution, and Fund Board governance. More recently Mark was a managing director in the investment banking unit at Aon, Plc where he was responsible for exploring new sources of value for corporate clients in New Ventures Group.
Philanthropy has played an increasingly important role in Mark’s life, both personally and professionally. As a trusted advisor he employs his unique capabilities and connections to help non-profit entities address complex matters related to strategic growth, sustainability, and governance. He has worked with corporations, granting organizations, and families, many of whom invest generously in their communities, to bring their philanthropic vision to fruition. Mark has served as trustee, board member, and most rewardingly mentor to next generation philanthropists and non-profit leaders.
Mark received his Bachelor of Arts degree in Accounting from the University of Iowa, his home state, and currently resides with his family in Oak Park, Illinois where he spends his personal time pursuing philanthropic interests in his various communities including:
• Promotion of inclusion and development of community, social, and professional infrastructures to improve the quality of life for people with special needs
• Community stewardship toward sustainability and well-being of all youth, our environment, and our future leaders
• Inspiration and education of future philanthropists to instill in them a life-long interest in community philanthropy and charitable involvement
Meet Jonathan Webb:
Jonathan Webb is a Co-Managing Partner at the National Christian Foundation (“NCF”) and has 30+ years of finance experience from a career in investment banking and private equity. He has extensive expertise in mergers and acquisitions, capital raising, principal investing, strategic planning, and business development.
At NCF, a leading advisor of donor advised funds, Jonathan is a member of the Mergers & Acquisitions team, which focuses on originating and structuring non-cash gift strategies for the granting of public equities and alternative assets (closely held business interest, real estate, and intellectual property). As the industry’s recognized leader in complex gifts, in 2023 NCF executed $1.2 billion in transactions.
Prior to joining NCF, Jonathan was a co-founder of Legacy Acquisition Corporation (“Legacy”), a $300 million Special Purpose Acquisition Company (SPAC) which successfully executed its IPO on the New York Stock Exchange. Other experience includes working at Duff & Phelps as a Managing Director in Mergers & Acquisitions, a Vice President at Lehman Brothers, and in various other roles at Oppenheimer & Company, the Canadian Imperial Bank of Commerce Oppenheimer, and Loop Capital Principal Investments.
Jonathan studied finance at Morehouse College and holds an MBA degree from Columbia Business School. He serves on boards for both non-profit and for-profit entities and enjoys a variety of hobbies and mission work.