The 25th annual conference on Not-For-Profit Organizations  This One-Day Seminar is Designed for Attorneys, Accountants, and Not-For-Profit Executives and Board Members.   Co-Sponsors: CPAs For the Public Interest Donors Forum of Chicago Internal Revenue Service Friday, June 9, 2006

ONLINE REGISTRATION AVAILABLE! Click here to register online or print registration information.

Program Highlights

»Current Developments Affecting Not-For-Profit Organizations
»Legal and Tax Update
»New Legislation and Regulations
»IRS Focus 2006
»Employee Benefits
»IRS Form 990, E-Filing
»Lobbying and Political Activities
»Employment Law Update
»Planning for Disaster Relief
»Real Estate Tax and Sales Tax Issues
»Good Governance and Protections for Directors and Officers
»IRS Current Development
»Investement Management and UMIFA
»Attorney General's Office Report: Protecting the Public

The Program

FRIDAY, JUNE 9, 2006

8:00-8:50
Registration

8:50-9:00
Welcome & Announcements

Philip N. Hablutzel
Faculty Sponsor, Professor of Law,
Chicago-Kent College of Law

Janice E. Rodgers
Quarles & Brady LLP
Conference Co-Chair

Current Developments
affecting not-for-profit organizations

9:00-9:50
Legal and Tax Update

This session will provide an overview of the latest cases and rulings affecting
not-for-profit organizations.

Michael A. Clark
Sidley Austin LLP

9:50-10:35
New Legislation and Regulations

This session will focus on the legislative and regulatory environment in Washington DC for tax-exempt organizations, including recent legislative proposals that have passed or remain under consideration.

Howard A. Levenson
Ernst & Young LLP

10:35-10:45
Break

10:45-11:30
IRS Focus 2006

Lois G. Lerner
Internal Revenue Service

Michael B. Blumenfeld
Internal Revenue Service

11:30-12:05
Panel Discussion and Questions

12:05-12:45
Buffet Luncheon

12:45-1:45
CONCURRENT WORKSHOPS

Employee Benefits

This workshop will focus on recent legal developments applicable to 403(b) tax
sheltered annuity plans and ineligible deferred compensation plans under Code Section 457, with a particular focus on recent 403(b) regulations and the impact of new Code Section 409A on nonqualified deferred compensation plans.

Sarah M. Linsley
Quarles & Brady LLP

Dana L. O’Brien
Quarles & Brady LLP

IRS Form 990, E-Filing

The Form 990 changed for 2005.
Some of the changes that are seemingly simple, are less simple upon closer examination. This session will focus on areas of Form 990 that are new for 2005; areas that are sometimes problematic for organizations and practitioners; the electronic filing requirements; and potential future changes to the form.

Mary Rauschenberg
Deloitte Tax LLP

Lobbying and Political Activities

This session will focus on the basic rules concerning lobbying and political activities. Discussion will include using hypothetical situations to illustrate practical application of the rules, with concentration on how private foundations respond to the rules and how grantees interacting with foundations think about the issues.

Joshua J. Mintz
The John D. and Catherine T. MacArthur Foundation

1:45-1:50
Short Break

1:50-2:55
CONCURRENT WORKSHOPS

Employment Law Update

This session will cover hot topics in employment law that affect not-for-profit organizations. It will include discussions of both current legal issues and practical advice and solutions for dealing with those issues.

Victoria L. Donati
Neil Gerber & Eisenberg LLP

Planning for Disaster Relief

Recent world events have raised awareness of many issues surrounding the provision of disaster relief by charitable organizations and their donors. The Victims of Terrorism Relief Act of 2001 and IRS Publication No. 3833 set forth the rules applicable to tax-exempt organizations making disaster relief payments. This workshop will focus on specific provisions of interest to corporate foundations and employers who wish to provide assistance to employees that have been victims of a disaster. Understanding the rules in advance can facilitate a quick response in the event of future disasters, whether natural or man made.

Thomas E. Chomicz
Quarles & Brady LLP
Conference Co-Chair

Janice E. Rodgers
Quarles & Brady LLP
Conference Co-Chair

Real Estate Tax and Sales Tax Issues

This session will discuss qualifications for and procedures to be followed to obtain charitable exemption from various state and local taxes under applicable statutory provisions as interpreted by the courts.

Donald F. Hemmesch, Jr.
Smith, Hemmesch, Burke & Brannigan

2:55-3:00
Short Break

3:00-4:05
CONCURRENT WORKSHOPS

Good Governance and Protections for Directors and Officers

Recent governmental and media scrutiny of not-for-profits has furthered widespread discussion of best practices in organizational governance. This session will provide a legal perspective on what constitutes good governance and steps boards can take to protect officers and directors, as well as up-to-date suggestions on risk management and appropriate and available insurance coverage for board members and officers.

Ronald R. Boggs
First Nonprofit Insurance Company

Philip N. Hablutzel
Chicago-Kent College of Law

IRS Current Developments

In IR-2006-25 the IRS named the 2006 “Dirty Dozen” notorious tax scams and featured schemes designed to exploit exempt organizations. This workshop will focus on enforcement efforts directed at abuses involving supporting organizations, donor-advised funds, and conservation easements. Additionally, it will cover compliance initiatives (hospitals, other) and provide an open forum for participant questions.

Michael B. Blumenfeld
Internal Revenue Service

Fred Kluss
Internal Revenue Service

4:05-4:10
Short Break

4:10-5:05
CONCURRENT WORKSHOPS
Investment Management and UMIFA

This session will discuss the investment and expenditure of charitable funds in light of the current Illinois Uniform Management of Institutional Funds Act, and possible contemplated changes in the model act in light of current investment theory. The panel will also touch on other relevant Illinois statutes affecting investments.

Arthur W. Murray
Retired, Bank of America

William Schneider
DiMeo Schneider & Associates, LLC

Attorney General’s Office Report: Protecting the Public

This workshop will provide an update on current legislative developments, litigation and other topics of interest to not-for-profits.

Moderator: David S. Chernoff
The John D. and Catherine T. MacArthur Foundation

Barry S. Goldberg
Office of the Illinois Attorney General

Therese Harris
Office of the Illinois Attorney General

Program Location
The conference will be held at Chicago-Kent College of Law,
565 West Adams Street in Chicago.

Confirmation of Registration
A letter of confirmation will be mailed to the address given on your registration form.

Confirmation of Attendance
A certificate of attendance will be provided at registration.

Cancellations and Refunds
Written notification of cancellation is required. A full tuition refund is available if notification is received prior to May 19, 2006; 25% will be charged if notification is received between May 19 and June 2, 2006. No refunds will be granted after June 2, 2006.

CPE Credit
8.0 hours on a “50-minute” credit hour. Chicago-Kent College of Law is a registered public accountant professional education sponsor in Illinois and New York.

MCLE Credit
7.0 hours on a “60-minute” credit hour; 8.0 hours on a “50-minute” credit hour. The actual number of approved hours may vary from state to state.

For additional information:
Please call the Office of Continuing Legal & Professional Education, Chicago-Kent College of Law, (312) 906-5090, or send an email to clestaff@kentlaw.edu

Hotel Accommodations
For the convenience of out-of-town attendees, hotel accommodations have been made at the Crowne Plaza Chicago Metro. The Crowne Plaza Chicago Metro is a trendy newly renovated property located four blocks from the law school in the emerging “West Loop” neighborhood. The room rate at the Crowne-Plaza Chicago Metro is $149 for single or double occupancy, plus 15.4% tax. Please make reservations directly with the hotel. Requests for accommodations cannot be assured if made after May 26, 2006. Please mention to the hotel reservation receptionist that you are attending the Chicago-Kent College of Law Conference on Not-For-Profit Organizations. To make reservations:

Crowne Plaza Chicago Metro
733 W. Madison
Chicago, IL 60661
(312) 829-5000
Fax (312) 602-2180
www.crowneplaza.com/chicagometro

Program Faculty

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