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| The 20th annual conference on
Not-For-Profit
Organizations
Learn the Latest on Legal and Tax Issues
Affecting Not-For-Profit Organizations. This One Day Seminar is Designed
for:
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Not-For-Profit Managers
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Accountants
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Attorneys
Co-Sponsors:
CPA’s For the Public Interest
Donors Forum of Chicago
June 8, 2001 |
ONLINE REGISTRATION AVAILABLE!
Click here
to register online or print registration information.
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Program Highlights
Stay on the cutting edge of new developments
in taxation, legislation
and regulation of non-profits by attending
sessions on:
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Current Tax Developments
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Key Employment Issues
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What Lessons Can Be Learned from the Bishop
Estate Case?
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Accounting Update
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Donor-Advised Funds: What are They and Why
are They So Popular?
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Intermediate Sanctions For Excess Benefit
Transactions
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State and Local Tax Issues for Not-For-Profits
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Board of Directors: Common Issues
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Unrelated Business Income: A Tax Update
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IRS Current Developments
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Charitable Fund-Raising in a Dot.Org World
The Program
FRIDAY, JUNE 8, 2001
8:00 - 8:45
REGISTRATION
8:45 - 9:00
WELCOME AND INTRODUCTION
Philip N. Hablutzel, Faculty
Sponsor, Professor of Law, Chicago-Kent College of Law
Janice E. Rodgers, Quarles &
Brady, Conference Co-Chair
9:00 - 10:00
Current Tax Developments
A review of recent tax cases and
2000-01 rulings, including an update on income and estate and gift tax
changes and their implications for charitable giving and tax exempts.
Bruce E. Huey, Friedman
& Huey Associates
10:00 - 10:15
BREAK
10:15 - 11:15 Key
Employment Issues
Developments in employment law
continue to keep us wondering when and where the next lawsuit may appear.
Two leaders in the area of employment law will discuss, in a point-counterpoint
format, the top three areas in employment law from their clients’ perspectives.
Employee issues to be discussed will be Retaliation, Defamation, and Disability
Claims. Employer issues will be Discrimination/Harassment, Wrongful
Discharge and Alternative Dispute Resolution Claims. Lively discussion
and audience participation will be encouraged.
Richard J. Gonzalez, Clinical
Professor of Law, Chicago-Kent College of Law
Kathryn M. Hartrick, Stickler
& Nelson
11:15 - 11:45
What Lessons Can Be Learned from the Bishop Estate
Case?
January 2001 saw the close of
the long-running dispute between the IRS and the former Bishop Estate trustees,
who agreed to pay the IRS a reported $40,000 each in excess-benefits penalties.
Last fall, the Hawaii attorney general approved a $25 million settlement
– paid by the trustees’ insurance policy (almost half for legal fees, and
the rest to the Estate). Evelyn Brody will discuss the implications of
this case for state and IRS regulation of charities.
Evelyn Brody, Associate
Professor of Law, Chicago-Kent College of Law
11:45 - 12:45
BUFFET LUNCHEON
12:45 - 2:00
CONCURRENT WORKSHOPS
Workshop A
Accounting Update
This session will revisit SFAS
No. 117, Financial Statements on Not-for-Profit Organizations, and discuss
overlooked sections of the pronouncement and common errors noted in presentation
since its inception. The session will conclude with an overview of
the implications when organizations do not comply with donor stipulations
in grant or contribution documents.
John Quinn, Clifton
Gunderson
Workshop B
Donor-Advised Funds: What are They and Why are They
So
Popular?
This session will explore the
exponential growth of donor- advised funds as a vehicle to structure an
individual’s or a family’s philanthropy. With the advent of the Fidelity
Gift Fund and other proprietory funds, donor-advised funds are attracting
more attention. Come learn what they are, how they are managed and
the implications of these vehicles for grantseeking organizations.
Moderator: Valerie S. Lies,
President,
Donors Forum of Chicago
Merri Ex, Vice President, External
Relations, Chicago Community Trust
David S. Rosen, Senior Vice
President, Endowments, Jewish Federation of Metropolitan Chicago
Workshop C
Intermediate Sanctions for Excess Benefit Transactions
Intermediate sanctions will have
a major impact on board members of public charities and how boards operate.
The recently released temporary regulations under section 4958 will be
discussed, highlighting changes from the regulations proposed in 1998.
Steven D. Arkin, Senior
Adviser to the Assistant Secretary, U.S. Department of the Treasury
Michael A. Clark, Sidley Austin
Brown & Wood
2:00 - 2:10
BREAK
2:10 - 3:25
CONCURRENT WORKSHOPS
Workshop A
State and Local Tax Issues for Not-For-Profits
This panel will discuss recent
decisions and developments impacting sales taxes, property assessments,
resulting real estate taxes and exemptions of property owned by not-for-profit
organizations.
Moderator: Thomas E. Chomicz,
Quarles & Brady, Conference Co-Chair
Patricia B. Carlson, Burke,
Warren, MacKay & Serritella
James A. Serritella, Burke,
Warren, MacKay & Serritella
Robert S. Vihon, Worsek &
Vihon
Workshop B
Board
of Directors: Common Issues
This workshop will cover many
typical issues faced by a not-for-profit board and its members. What
is required of board members may not be the same as what they think.
Included are board development; duties of loyalty and conflicts of interest;
duty of care and minimum performance levels; necessary board tasks; and
some common problems.
David S. Chernoff, Associate
General Counsel, The John D. and Catherine T. MacArthur Foundation
Philip N. Hablutzel, Professor
of Law, Chicago-Kent College of Law
Felisia A. Wesson, General Counsel,
The Field Museum
Workshop C
Unrelated
Business Income: A Tax Update
The session will provide an overview
of the rules for identifying and calculating unrelated business income.
The focus will be on topics of interest to a broad spectrum of organizations
such as charities, cultural institutions, social-welfare organizations,
trade associations and social clubs. Recent developments including
those in the areas of e-Commerce, corporate sponsorships and tower rentals
will be discussed. The discussion will include a technical tax analysis
as well as the practical application of the rules.
Mary E. Rauschenberg, Arthur
Andersen
3:25 - 3:35
BREAK
3:35 - 4:45
CONCURRENT WORKSHOPS
Workshop A IRS
Current Developments
This panel will discuss the Voluntary
Compliance for Alien Withholding Program (VCAP); penalties – new approval
requirement by management before assessment (RRA 98); update on Section
527 Political Organizations – Notice requirements; donated property and
other hot topics.
Denis J. Conlon, Ernst
& Young
Fred Kluss, Group Manager, EO
Large Case Program, IRS
Workshop B
Charitable
Fund-Raising in a Dot.Org World
Fund-raising grows ever more sophisticated
and competitive. This panel will lead a discussion of what charities
need to know about their relationships with professional fund-raisers and
consultants and how laws regulating fund-raising apply in the electronic
age.
Therese Harris, Assistant
Attorney General, Charitable Trusts Bureau, Office of Illinois Attorney
General
Kathy Hurley, Vice President
and Chicago Regional Manager, The Alford Group
Floyd D. Perkins, Assistant
Attorney General and Bureau Chief, Charitable Trusts, Office of Illinois
Attorney General
General Information
Confirmation of Registration: A
letter will be mailed to you at the address given
on your registration form. No other confirmation
of your registration will be provided.
Confirmation of Attendance: A certificate
of attendance will be provided at registration.
Cancellation and Refunds: Written
notification of cancellation is required. A full tuition refund is available
if notification is received prior to May 11, 2001; 25% will be charged
if notification is received between May 11 and June 1, 2001. No refunds
will be granted after June 1, 2001.
CLE/CPE Credit: 6.0 hours on a
“60-minute” credit hour; 7.0 hours on a “50-minute” credit hour.
These are estimated approval hours based on “50 and 60-minute” credit hours.
The actual number of approved hours may vary from state to state.
Chicago-Kent is a registered public accountant continuing professional
education sponsor in Illinois.
For Additional Information: Please
call the Office of Continuing Legal and Professional Education, Chicago-Kent
College of Law, (312) 906-5090.
Hotel Accommodations: Hotel accommodations
have been made at The Executive
Plaza Hotel. The room rate at the Executive Plaza is $129
for single or double occupancy, plus 14.9% tax. The hotel is a short cab
ride to the law school and provides easy access to Michigan Avenue night
life and shopping. Requests for accommodations made after May 8, 2001
cannot
be assured. Be sure to tell the hotel reservation receptionist that you
are attending the Chicago-Kent College of Law Conference on Not-For-Profit
Organizations. To make reservations, telephone or fax:
The Executive Plaza Hotel
71 East Wacker Drive
Chicago, IL 60601-3706
(800) 621-4005
Fax (312) 346-2787
Advisory
Board
David S. Chernoff,
Associate General Counsel
The John D. and Catherine T. MacArthur
Foundation
Thomas E. Chomicz, Partner
Quarles & Brady LLC
CONFERENCE CO-CHAIR
Denis J. Conlon, Principal
Ernst & Young
Vincent J. Crowley, Partner
Arthur Andersen
Philip N. Hablutzel,
Professor of Law
Chicago-Kent College of Law
FACULTY SPONSOR
Bruce E. Huey, Partner
Friedman & Huey Associates
Valerie S. Lies, President
Donors Forum of Chicago
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Donald G. Mulack, Partner
McBride, Baker & Coles
Floyd D. Perkins, Bureau Chief,
Charitable Trusts, Office of Illinois
Attorney General
Judith M. Picken,
Assistant District Counsel
Midwest Region, Internal Revenue Service
Janice E. Rodgers, Partner
Quarles & Brady LLC
CONFERENCE CO-CHAIR
Karen Rosen,
Director
CPA’s for the Public Interest
Deborah T. Villa, Director
Continuing Legal and Professional Education,
Chicago-Kent College of Law
Felisia A. Wesson,
General Counsel
The Field Museum
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Program Faculty
Steven D. Arkin, Senior Adviser
to
the Assistant Secretary
U.S. Department of the Treasury
Evelyn Brody, Associate Professor
of Law, Chicago-Kent College of
Law
Patricia B. Carlson, Esq.
Burke, Warren, MacKay & Serritella,
PC
David S. Chernoff, Associate
General Counsel, The John D. and Catherine T. MacArthur Foundation
Thomas E. Chomicz, Partner
Quarles & Brady LLC
CONFERENCE CO-CHAIR
Michael A. Clark, Partner,
Sidley Austin Brown & Wood
Denis J. Conlon, Principal
Ernst & Young
Merri Ex, Vice President, External
Relations, Chicago Community Trust
Richard J. Gonzalez
Clinical Professor of Law
Chicago-Kent College of Law
Philip N. Hablutzel, Professor
of Law Chicago-Kent College of Law
FACULTY SPONSOR
Therese Harris, Assistant Attorney
General, Charitable Trusts
Office of Illinois Attorney General
Kathryn M. Hartrick, Partner
Stickler & Nelson
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Bruce E. Huey, CPA
Friedman & Huey Associates
Kathy Hurley, Vice President
and Chicago Regional Manager
The Alford Group, Inc.
Fred Kluss, Group Manager,
EO Large Case Program,
Internal Revenue Service
Valerie S. Lies, President
Donors Forum of Chicago
Floyd D. Perkins, Bureau Chief
Charitable Trusts, Office of Illinois
Attorney General
John Quinn, CPA
Clifton Gunderson L.L.C.
Mary E. Rauschenberg, CPA
Arthur Andersen
Janice E. Rodgers, Partner
Quarles & Brady LLC
CONFERENCE CO-CHAIR
David S. Rosen, Senior Vice President,
Endowments, Jewish Federation of Metropolitan Chicago
James A. Serritella, Esq.
Burke, Warren, MacKay & Serritella,
PC
Robert S. Vihon, Esq.
Worsek & Vihon, PC
Felisia A. Wesson, General Counsel
The Field Museum
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