Online: Who Should Attend: Non-Profit Org U.S. …...• Cash is king, but many donors choose to...
Transcript of Online: Who Should Attend: Non-Profit Org U.S. …...• Cash is king, but many donors choose to...
![Page 1: Online: Who Should Attend: Non-Profit Org U.S. …...• Cash is king, but many donors choose to make gifts in other forms. This session will discuss some of the more common noncash](https://reader034.fdocuments.us/reader034/viewer/2022042204/5ea5a5473bbecb525f676237/html5/thumbnails/1.jpg)
Registration Form: Not-For-Profit Organizations Thursday, June 7, 2012 3 Easy Ways to RegisterOnline: cle.kentlaw.edu Mail: Office of Continuing Legal & Professional Education
IIT Chicago-Kent College of Law 565 West Adams St.
Chicago, IL 60661-3691 Phone: (312) 906-5090
Name (please print) Professional Title
Firm
Address
City State Zip
Telephone Fax
Attorney Registration # If Chicago-Kent Alumni, list month and year of graduation: Month_____Year_____
q Please check here if you have any special needs and a CLE staff member will contact you.
Payment Informationq Payment by check. Amount enclosed $ ____________________(Make check payable to: Chicago-Kent College of Law)
q Payment by credit card. Amount enclosed $ _________________
q VISA q MasterCard q American Express q Discover
Card # Exp. Date
Security Code
Signature
Program LocationThe conference will be held at Chicago-Kent College of Law, 565 West Adams Street in Chicago. Confirmation of RegistrationA letter of confirmation will be emailed to the address given on your registration form. If you do not receive an email confirmation after registering and before the conference please contact the Office of Continuing Legal & Professional Education at [email protected]. Confirmation of AttendanceA certificate of attendance will be provided at registration. Cancellations and RefundsWritten notification of cancellation is required. A full tuition refund is available if notification is received prior to May 10, 2012; 25% will be charged if notification is received between May 10 and May 31, 2012. No refunds will be granted after May 31, 2012.
MCLE CreditChicago-Kent College of Law is an accredited provider for IL & PA MCLE. This conference is eligible for 7.0 hours of IL MCLE and includes 1.0 hour of ethics credit (pending approval). The actual number of approved hours may vary from state to state. For additional information: please call the Office of Continuing Legal and Professional Education, Chicago-Kent College of Law, (312) 906-5090, or send an email to [email protected]. CPE Credit8.0 hours on a “50-minute” credit hour. Chicago-Kent College of Law is a registered public accountant professional education sponsor in Illinois.
Hotel Accommodations Hotel accommodations for the convenience of out-of-town guests have been made at the Club Quarters, Central Loop. The room rate at the Club Quarters, Central Loop is $179 for single occupancy, plus 15.4% tax. The Club Quarters is a private, no frills hotel designed specifically for the business traveler and is located five blocks east of the law school within easy walking distance. Please make reservations directly with the hotel. Requests for accommodations cannot be assured if made after April 25, 2012.
To Make Reservations:Club Quarters, Central Loop111 W Adams Street Chicago, IL 60603 (203) 905-2100 Voice(203) 348-6401 Faxwww.clubquarters.com/loc_chicago.php
Please mention to the hotel reservation receptionist that you are with the Illinois Institute of Technology and use group code “IIT606”
Registration Fee (per person)
Early Registration Fee: $215
After May 17, 2012: $245(A $10 per person discount is available to groups that register 3 or more individuals at the same time.) Chicago-Kent College of Law Alumni Rate: $195(no group discount available and non-transferable)
Fee includes continental breakfast, lunch and course materials.
General Information
Who Should Attend: This one-day seminar is designed for experienced attorneys, accountants, not-for-profit executives and staff, and board members. The conference features a comprehensive program at a mid-to-advanced level of discussion on the most current developments in taxation, legislation and regulation affecting not-for-profit organizations in Illinois.
31st
ann
ual C
onfe
renc
e on
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ot-F
or-P
rofit
Org
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sday
June
7, 2
012
565
Wes
t Ada
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Stre
et
Chi
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, Illi
nois
606
61
Non
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706
31st annual Conference on Not-For-Profit OrganizationsThursday, June 7, 2012 In Cooperation with:Donors Forum Illinois CPA Society
Highlights
• IRS Focus 2012 featuring Lois Lerner, IRS Director of Tax Exempt Organizations
• Current Tax Developments
• Unrelated Business Income Tax
• 403(b) Update
• Employment Law Update: Social Media Issues
• NEW! Luncheon Topics
• Political Activities and Lobbying Issues
• Foreign Bank Accounts Reporting and the Foreign Account Tax Compliance Act (FATCA)
• Quirky UBIT Questions
• Governance Update for Nonprofit Organizations• Accounting for Noncash Gifts• Form 990 Update
• Conducting Due Diligence in Investment Selection
• Illinois Attorney General’s Charitable Trust Bureau Update
• Ethical issues for Lawyers and Accountants
• C3’s, C4’s, C6’s: Tax Status Differences and the Right Choice for your Nonprofit
![Page 2: Online: Who Should Attend: Non-Profit Org U.S. …...• Cash is king, but many donors choose to make gifts in other forms. This session will discuss some of the more common noncash](https://reader034.fdocuments.us/reader034/viewer/2022042204/5ea5a5473bbecb525f676237/html5/thumbnails/2.jpg)
Thursday, June 7, 2012 8:00 a.m.–8:55 a.m. Registration
8:55 a.m.–9:00 a.m. Welcome & Announcements 9:00 a.m.–10:00 a.m. IRS Focus 2012 • This session will provide insight
into the IRS’s priorities for Exempt Organizations during the coming year. Lois G. Lerner Director, Tax Exempt Organizations, IRS
10:00 a.m.–11:00 a.m. Current Tax Developments • Recent tax rulings over the
past year that impact the nonprofit sector from a practitioner’s perspective. Eve R. Borenstein Borenstein & McVeigh Law Office LLC
11:00 a.m.–11:15 a.m. Break 11:15 a.m.–12:15 p.m. CONCURRENT WORKSHOPS— CHOOSE ONEI. Unrelated Business Income Tax • Current developments in the IRS’ focus on unrelated business income tax. Geralyn R. Hurd Crowe Horwath LLP
II. 403(b) Update • Key issues a non-benefits tax professional needs to know about, and an overview of 403(b) rules, and risks and audit exposures which affect the risk profile of a tax-exempt organization. Kelli Smith Employee Plans Specialist, IRS
Robert J. Toth, Jr. The Law Office of Robert Toth LLC III. Employment Law Update: Social Media Issues • Cautionary tales of social media in the workplace, why you need a social media policy to set the rules of engagement, what should be in your social media policy, when use of social media becomes protected concerted activity under the NLRA, and use of social media in hiring, termination and litigation. Anne E. Larson Ogletree, Deakins, Nash, Smoak & Stewart P.C.
12:15 p.m.–1:15 p.m.Buffet Luncheon
Optional Luncheon Topics
I. Political Activities and Lobbying Issues • In this election year it is particularly important for charities and other nonprofits to know the legal limits on political campaign-related activity and where the line falls between permitted lobbying activity and prohibited campaign
intervention. We’ll discuss those issues and the congressional call for increased IRS enforcement of the limits on political activity of 501(c)(4) organizations. Michael A. Clark Sidley Austin LLP II. Foreign Bank Accounts Reporting and the Foreign Account Tax Compliance Act (FATCA) • Update on significant IRS enforcement efforts and the compliance requirements for both foreign accounts and foreign assets. We will discuss the requirements for reporting and correcting failures to report foreign assets including: foreign bank accounts; foreign trusts; foreign corporations; foreign partnerships; correcting for prior reporting omissions and reporting requirements by foreign banks to the IRS. Robert E. McKenzie Arnstein & Lehr LLP
III. Quirky UBIT Questions• This session will answer questions based on the earlier presentation and will include time to get answers to those “quirky” questions. Geralyn R. Hurd Crowe Horwath LLP
1:15 p.m.–2:15 p.m. Plenary Session Governance Update for Nonprofit Organizations • The panel will discuss many “hot issues” including the structuring of the board (and drafting the basic documents), conflicts of
interest and conflicts of fiduciary duties, parliamentary pitfalls, and board-staff relations: between benign neglect and micromanagement.
Moderator: Philip N. Hablutzel Chicago-Kent College of Law Kay W. McCurdy Locke Lord LLP Jodi P. Pellettiere Quarles & Brady LLP Renee M. Schoenberg DLA Piper 2:15 p.m.–2:30 p.m.Break
2:30 p.m.–3:45 p.m. CONCURRENT WORKSHOPS— CHOOSE ONE I. Accounting for Noncash Gifts • Cash is king, but many donors choose to make gifts in other forms. This session will discuss some of the more common noncash gifts, including pledges, securities, equipment, supplies, intellectual property, and beneficial interests in trusts. We will discuss both initial recognition of the gift and measurement in subsequent periods. Susan E. Budak Author/Consultant, Susan E. Budak, CPA II. Form 990 Update • The redesigned Form 990 continues to present some challenges and interesting issues. The session will provide an overview of the 2011 Form 990
changes, focus on some of the more complex areas, provide helpful hints and tips to preparers and users, and will include some discussion on the new schedule H implementation. Mary Rauschenberg Deloitte Tax LLP
Lu Ann Trapp Blackman Kallick LLP III. Conducting Due Diligence in Investment Selection • Make sure your selection of an investment advisor is not the next Madoff. Helpful hints and policies to help you pick the right advisor for your Organization. Moderator: Bruce E. Huey Friedman & Huey Associates LLP George Bermingham Brown Brothers Harriman & Co. Kimberly A. Pendo Chicago Law Partners LLC Andrea Wright Johnson Lambert & Co. LLP
3:45 p.m.–3:50 p.m.Break 3:50 p.m.–4:50 p.m. CONCURRENT WORKSHOPS— CHOOSE ONE I. Illinois Attorney General’s Charitable Trust Bureau Update • Compliance and reporting requirements • Litigation matters and concerns Moderator: Floyd D. Perkins
Ungaretti & Harris LLP Therese Harris Chief, Charitable Trust Bureau, Office of the Illinois Attorney General II. Ethics Issues for Lawyers and Accountants • Circular 230 issues of diligence as to accuracy, client’s omissions, recognizing badges of fraud, conflicts of interest and providing certain types of written advice in the context of Circular 230. Moderator: David S. Chernoff Associate General Counsel, The John D. and Catherine T. MacArthur Foundation
Denis J. Conlon Martin, Brown, Sullivan, Roadman & Hartnett Ltd.
Harvey L. Coustan Harvey Coustan LLC
III. C3’s, C4’s, C6’s: Tax Status Differences and the Right Choice for your Nonprofit •
Paula Cozzi Goedert Barnes & Thornburg LLP
Program SchedulePlenary Speaker
CONFERENCE CO-CHAIRS:David S. Chernoff, Associate General Counsel, The John D. and Catherine T. MacArthur Foundation Thomas E. Chomicz, Quarles & Brady LLP Janice E. Rodgers, Quarles & Brady LLP
SPEAKERS: George Bermingham, Brown Brothers Harriman & Co. Eve R. Borenstein, Borenstein & McVeigh Law Office LLC Susan E. Budak, Author/Consultant, Susan E. Budak, CPA David S. Chernoff, Associate General Counsel, The John D. and Catherine T. MacArthur Foundation Michael A. Clark, Sidley Austin LLP Denis J. Conlon, Martin, Brown, Sullivan, Roadman & Hartnett Ltd. Harvey L. Coustan, Harvey Coustan LLC Paula Cozzi Goedert, Barnes & Thornburg LLP Philip N. Hablutzel, Professor of Law, Chicago-Kent College of Law Therese Harris, Chief, Charitable Trust Bureau, Office of the Illinois Attorney General Bruce E. Huey, Friedman & Huey Associates LLP Geralyn R. Hurd, Crowe Horwath LLPAnne E. Larson, Ogletree, Deakins, Nash, Smoak & Stewart P.C. Kay W. McCurdy, Locke Lord LLP Robert E. McKenzie, Arnstein & Lehr LLPJodi P. Pellettiere, Quarles & Brady LLPKimberly A. Pendo, Chicago Law Partners LLC Floyd D. Perkins, Ungaretti & Harris LLP Mary Rauschenberg, Deloitte Tax LLPRenee M. Schoenberg, DLA Piper Kelli Smith, Employee Plan Specialist, IRSRobert J. Toth, Jr., The Law Offices of Robert Toth LLCLu Ann Trapp, Blackman Kallick LLPAndrea Wright, Johnson Lambert & Co. LLP
Advisory Board Andreason L. BrownVice President, Finance & Administration Donors Forum
David S. ChernoffAssociate General Counsel The John D. and Catherine T. MacArthur Foundation Conference Co-Chair
Thomas E. ChomiczRetired Partner Quarles & Brady LLP Conference Co-Chair
Denis J. ConlonOf Counsel Martin, Brown, Sullivan, Roadman & Hartnett Ltd.
Philip N. HablutzelProfessor of Law Chicago-Kent College of Law Faculty Sponsor
Bruce E. HueyDirector Friedman & Huey Associates LLP
William I. MillerOffice of Chief Counsel, Tax Exempt & Government Entities Internal Revenue Service
Floyd D. PerkinsPartner Ungaretti & Harris LLP
Mary RauschenbergTax DirectorDeloitte Tax LLP
Janice E. RodgersPartner Quarles & Brady LLP Conference Co-Chair
David S. RosenSenior Vice President, Endowments Jewish Federation of Metropolitan Chicago
Deborah T. VillaSenior Director Office of Continuing Legal and Professional Education Chicago-Kent College of Law
Brian T. WhitlockTax Partner Blackman Kallick LLP
Lois G. LernerDirector, Tax Exempt OrganizationsInternal Revenue Service
IRS Focus 2012
Program Faculty
![Page 3: Online: Who Should Attend: Non-Profit Org U.S. …...• Cash is king, but many donors choose to make gifts in other forms. This session will discuss some of the more common noncash](https://reader034.fdocuments.us/reader034/viewer/2022042204/5ea5a5473bbecb525f676237/html5/thumbnails/3.jpg)
Registration Form: Not-For-Profit Organizations Thursday, June 7, 2012 3 Easy Ways to RegisterOnline: cle.kentlaw.edu Mail: Office of Continuing Legal & Professional Education
IIT Chicago-Kent College of Law 565 West Adams St.
Chicago, IL 60661-3691 Phone: (312) 906-5090
Name (please print) Professional Title
Firm
Address
City State Zip
Telephone Fax
Attorney Registration # If Chicago-Kent Alumni, list month and year of graduation: Month_____Year_____
q Please check here if you have any special needs and a CLE staff member will contact you.
Payment Informationq Payment by check. Amount enclosed $ ____________________(Make check payable to: Chicago-Kent College of Law)
q Payment by credit card. Amount enclosed $ _________________
q VISA q MasterCard q American Express q Discover
Card # Exp. Date
Security Code
Signature
Program LocationThe conference will be held at Chicago-Kent College of Law, 565 West Adams Street in Chicago. Confirmation of RegistrationA letter of confirmation will be emailed to the address given on your registration form. If you do not receive an email confirmation after registering and before the conference please contact the Office of Continuing Legal & Professional Education at [email protected]. Confirmation of AttendanceA certificate of attendance will be provided at registration. Cancellations and RefundsWritten notification of cancellation is required. A full tuition refund is available if notification is received prior to May 10, 2012; 25% will be charged if notification is received between May 10 and May 31, 2012. No refunds will be granted after May 31, 2012.
MCLE CreditChicago-Kent College of Law is an accredited provider for IL & PA MCLE. This conference is eligible for 7.0 hours of IL MCLE and includes 1.0 hour of ethics credit (pending approval). The actual number of approved hours may vary from state to state. For additional information: please call the Office of Continuing Legal and Professional Education, Chicago-Kent College of Law, (312) 906-5090, or send an email to [email protected]. CPE Credit8.0 hours on a “50-minute” credit hour. Chicago-Kent College of Law is a registered public accountant professional education sponsor in Illinois.
Hotel Accommodations Hotel accommodations for the convenience of out-of-town guests have been made at the Club Quarters, Central Loop. The room rate at the Club Quarters, Central Loop is $179 for single occupancy, plus 15.4% tax. The Club Quarters is a private, no frills hotel designed specifically for the business traveler and is located five blocks east of the law school within easy walking distance. Please make reservations directly with the hotel. Requests for accommodations cannot be assured if made after April 25, 2012.
To Make Reservations:Club Quarters, Central Loop111 W Adams Street Chicago, IL 60603 (203) 905-2100 Voice(203) 348-6401 Faxwww.clubquarters.com/loc_chicago.php
Please mention to the hotel reservation receptionist that you are with the Illinois Institute of Technology and use group code “IIT606”
Registration Fee (per person)
Early Registration Fee: $215
After May 17, 2012: $245(A $10 per person discount is available to groups that register 3 or more individuals at the same time.) Chicago-Kent College of Law Alumni Rate: $195(no group discount available and non-transferable)
Fee includes continental breakfast, lunch and course materials.
General Information
Who Should Attend: This one-day seminar is designed for experienced attorneys, accountants, not-for-profit executives and staff, and board members. The conference features a comprehensive program at a mid-to-advanced level of discussion on the most current developments in taxation, legislation and regulation affecting not-for-profit organizations in Illinois.
31st
ann
ual C
onfe
renc
e on
N
ot-F
or-P
rofit
Org
aniz
atio
ns
Thur
sday
June
7, 2
012
565
Wes
t Ada
ms
Stre
et
Chi
cago
, Illi
nois
606
61
Non
-Pro
fit O
rgU.
S. P
osta
gePA
IDCh
icag
o, IL
Perm
it N
o. 7
706
31st annual Conference on Not-For-Profit OrganizationsThursday, June 7, 2012 In Cooperation with:Donors Forum Illinois CPA Society
Highlights
• IRS Focus 2012 featuring Lois Lerner, IRS Director of Tax Exempt Organizations
• Current Tax Developments
• Unrelated Business Income Tax
• 403(b) Update
• Employment Law Update: Social Media Issues
• NEW! Luncheon Topics
• Political Activities and Lobbying Issues
• Foreign Bank Accounts Reporting and the Foreign Account Tax Compliance Act (FATCA)
• Quirky UBIT Questions
• Governance Update for Nonprofit Organizations• Accounting for Noncash Gifts• Form 990 Update
• Conducting Due Diligence in Investment Selection
• Illinois Attorney General’s Charitable Trust Bureau Update
• Ethical issues for Lawyers and Accountants
• C3’s, C4’s, C6’s: Tax Status Differences and the Right Choice for your Nonprofit
![Page 4: Online: Who Should Attend: Non-Profit Org U.S. …...• Cash is king, but many donors choose to make gifts in other forms. This session will discuss some of the more common noncash](https://reader034.fdocuments.us/reader034/viewer/2022042204/5ea5a5473bbecb525f676237/html5/thumbnails/4.jpg)
Thursday, June 7, 2012 8:00 a.m.–8:55 a.m. Registration
8:55 a.m.–9:00 a.m. Welcome & Announcements 9:00 a.m.–10:00 a.m. IRS Focus 2012 • This session will provide insight
into the IRS’s priorities for Exempt Organizations during the coming year. Lois G. Lerner Director, Tax Exempt Organizations, IRS
10:00 a.m.–11:00 a.m. Current Tax Developments • Recent tax rulings over the
past year that impact the nonprofit sector from a practitioner’s perspective. Eve R. Borenstein Borenstein & McVeigh Law Office LLC
11:00 a.m.–11:15 a.m. Break 11:15 a.m.–12:15 p.m. Concurrent Workshops— Choose OneI. Unrelated Business Income Tax • Current developments in the IRS’ focus on unrelated business income tax. Geralyn R. Hurd Crowe Horwath LLP
II. 403(b) Update • Key issues a non-benefits tax professional needs to know about, and an overview of 403(b) rules, and risks and audit exposures which affect the risk profile of a tax-exempt organization. Kelli Smith Employee Plans Specialist, IRS
Robert J. Toth, Jr. The Law Office of Robert Toth LLC III. Employment Law Update: Social Media Issues • Cautionary tales of social media in the workplace, why you need a social media policy to set the rules of engagement, what should be in your social media policy, when use of social media becomes protected concerted activity under the NLRA, and use of social media in hiring, termination and litigation. Anne E. Larson Ogletree, Deakins, Nash, Smoak & Stewart P.C.
12:15 p.m.–1:15 p.m.Buffet Luncheon
Luncheon Topics
I. Political Activities and Lobbying Issues • In this election year it is particularly important for charities and other nonprofits to know the legal limits on political campaign-related activity and where the line falls between permitted lobbying activity and prohibited campaign
intervention. We’ll discuss those issues and the congressional call for increased IRS enforcement of the limits on political activity of 501(c)(4) organizations. Michael A. Clark Sidley Austin LLP II. Foreign Bank Accounts Reporting and the Foreign Account Tax Compliance Act (FATCA) • Update on significant IRS enforcement efforts and the compliance requirements for both foreign accounts and foreign assets. We will discuss the requirements for reporting and correcting failures to report foreign assets including: foreign bank accounts; foreign trusts; foreign corporations; foreign partnerships; correcting for prior reporting omissions and reporting requirements by foreign banks to the IRS. Robert E. McKenzie Arnstein & Lehr LLP
III. Quirky UBIT Questions • This session will answer UBIT questions based on the earlier presentation and will include time to get answers to “quirky” questions. Geralyn R. Hurd Crowe Horwath LLP
1:15 p.m.–2:15 p.m. Plenary Session Governance Update for Nonprofit Organizations • The panel will discuss many “hot issues” including the structuring of the board (and drafting the
basic documents), conflicts of interest and conflicts of fiduciary duties, parliamentary pitfalls, and board-staff relations: between benign neglect and micromanagement. Moderator: Philip N. Hablutzel Chicago-Kent College of Law Kay W. McCurdy Locke Lord LLP Jodi P. Pellettiere Quarles & Brady LLP Renee M. Schoenberg DLA Piper 2:15 p.m.–2:30 p.m.Break
2:30 p.m.–3:45 p.m. Concurrent Workshops— Choose One I. Accounting for Noncash Gifts • Cash is king, but many donors choose to make gifts in other forms. This session will discuss some of the more common noncash gifts, including pledges, securities, equipment, supplies, intellectual property, and beneficial interests in trusts. We will discuss both initial recognition of the gift and measurement in subsequent periods. Susan E. Budak Author/Consultant, Susan E. Budak, CPA II. Form 990 Update • The redesigned Form 990 continues to present some challenges and interesting issues. The session will provide an
overview of the 2011 Form 990 changes, focus on some of the more complex areas, provide helpful hints and tips to preparers and users, and will include some discussion on the new schedule H implementation. Mary Rauschenberg Deloitte Tax LLP Lu Ann Trapp Blackman Kallick LLP III. Conducting Due Diligence in Investment Selection • Make sure your selection of an investment advisor is not the next Madoff. Helpful hints and policies to help you pick the right advisor for your organization. Moderator: Bruce E. Huey Friedman & Huey Associates LLP George Bermingham Brown Brothers Harriman & Co. Kimberly A. Pendo Chicago Law Partners LLC Andrea Wright Johnson Lambert & Co. LLP
3:45 p.m.–3:50 p.m.Break 3:50 p.m.–4:50 p.m. Concurrent Workshops— Choose One I. Illinois Attorney General’s Charitable Trust Bureau Update • Compliance and reporting requirements • Litigation matters and concerns Moderator: Floyd D. Perkins Ungaretti & Harris LLP
Therese Harris Chief, Charitable Trust Bureau, Office of the Illinois Attorney General II. Ethics Issues for Lawyers and Accountants • Circular 230 issues of diligence as to accuracy, client’s omissions, recognizing badges of fraud, conflicts of interest and providing certain types of written advice in the context of Circular 230. Moderator: David S. Chernoff Associate General Counsel, The John D. and Catherine T. MacArthur Foundation
Denis J. Conlon Martin, Brown, Sullivan, Roadman & Hartnett Ltd.
Harvey L. Coustan Harvey Coustan LLC
III. C3’s, C4’s, C6’s: Tax Status Differences and the Right Choice for your Nonprofit • Does your organization have the right tax status?
• How to use “companion” organizations with different tax statuses to protect exemption and enhance opportunities. Paula Cozzi Goedert Barnes & Thornburg LLP
Program SchedulePlenary Speaker
CONFERENCE CO-CHAIRS:David S. Chernoff, Associate General Counsel, The John D. and Catherine T. MacArthur Foundation Thomas E. Chomicz, Quarles & Brady LLP Janice E. Rodgers, Quarles & Brady LLP
SPEAKERS: George Bermingham, Brown Brothers Harriman & Co. Eve R. Borenstein, Borenstein & McVeigh Law Office LLC Susan E. Budak, Author/Consultant, Susan E. Budak, CPA David S. Chernoff, Associate General Counsel, The John D. and Catherine T. MacArthur Foundation Michael A. Clark, Sidley Austin LLP Denis J. Conlon, Martin, Brown, Sullivan, Roadman & Hartnett Ltd. Harvey L. Coustan, Harvey Coustan LLC Paula Cozzi Goedert, Barnes & Thornburg LLP Philip N. Hablutzel, Professor of Law, Chicago-Kent College of Law Therese Harris, Chief, Charitable Trust Bureau, Office of the Illinois Attorney General Bruce E. Huey, Friedman & Huey Associates LLP Geralyn R. Hurd, Crowe Horwath LLPAnne E. Larson, Ogletree, Deakins, Nash, Smoak & Stewart P.C. Kay W. McCurdy, Locke Lord LLP Robert E. McKenzie, Arnstein & Lehr LLPJodi P. Pellettiere, Quarles & Brady LLPKimberly A. Pendo, Chicago Law Partners LLC Floyd D. Perkins, Ungaretti & Harris LLP Mary Rauschenberg, Deloitte Tax LLPRenee M. Schoenberg, DLA Piper Kelli Smith, Employee Plan Specialist, IRSRobert J. Toth, Jr., The Law Offices of Robert Toth LLCLu Ann Trapp, Blackman Kallick LLPAndrea Wright, Johnson Lambert & Co. LLP
Advisory Board Andreason L. BrownVice President, Finance & Administration Donors Forum
David S. ChernoffAssociate General Counsel The John D. and Catherine T. MacArthur Foundation Conference Co-Chair
Thomas E. ChomiczRetired Partner Quarles & Brady LLP Conference Co-Chair
Denis J. ConlonOf Counsel Martin, Brown, Sullivan, Roadman & Hartnett Ltd.
Philip N. HablutzelProfessor of Law Chicago-Kent College of Law Faculty Sponsor
Bruce E. HueyDirector Friedman & Huey Associates LLP
William I. MillerOffice of Chief Counsel, Tax Exempt & Government Entities Internal Revenue Service
Floyd D. PerkinsPartner Ungaretti & Harris LLP
Mary RauschenbergTax DirectorDeloitte Tax LLP
Janice E. RodgersPartner Quarles & Brady LLP Conference Co-Chair
David S. RosenSenior Vice President, Endowments Jewish Federation of Metropolitan Chicago
Deborah T. VillaSenior Director Office of Continuing Legal and Professional Education Chicago-Kent College of Law
Brian T. WhitlockTax Partner Blackman Kallick LLP
Lois G. LernerDirector, Tax Exempt OrganizationsInternal Revenue Service
IRS Focus 2012
Program Faculty
![Page 5: Online: Who Should Attend: Non-Profit Org U.S. …...• Cash is king, but many donors choose to make gifts in other forms. This session will discuss some of the more common noncash](https://reader034.fdocuments.us/reader034/viewer/2022042204/5ea5a5473bbecb525f676237/html5/thumbnails/5.jpg)
Thursday, June 7, 2012 8:00 a.m.–8:55 a.m. Registration
8:55 a.m.–9:00 a.m. Welcome & Announcements 9:00 a.m.–10:00 a.m. IRS Focus 2012 • This session will provide insight
into the IRS’s priorities for Exempt Organizations during the coming year. Lois G. Lerner Director, Tax Exempt Organizations, IRS
10:00 a.m.–11:00 a.m. Current Tax Developments • Recent tax rulings over the
past year that impact the nonprofit sector from a practitioner’s perspective. Eve R. Borenstein Borenstein & McVeigh Law Office LLC
11:00 a.m.–11:15 a.m. Break 11:15 a.m.–12:15 p.m. Concurrent Workshops— Choose OneI. Unrelated Business Income Tax • Current developments in the IRS’ focus on unrelated business income tax. Geralyn R. Hurd Crowe Horwath LLP
II. 403(b) Update • Key issues a non-benefits tax professional needs to know about, and an overview of 403(b) rules, and risks and audit exposures which affect the risk profile of a tax-exempt organization. Kelli Smith Employee Plans Specialist, IRS
Robert J. Toth, Jr. The Law Office of Robert Toth LLC III. Employment Law Update: Social Media Issues • Cautionary tales of social media in the workplace, why you need a social media policy to set the rules of engagement, what should be in your social media policy, when use of social media becomes protected concerted activity under the NLRA, and use of social media in hiring, termination and litigation. Anne E. Larson Ogletree, Deakins, Nash, Smoak & Stewart P.C.
12:15 p.m.–1:15 p.m.Buffet Luncheon
Luncheon Topics
I. Political Activities and Lobbying Issues • In this election year it is particularly important for charities and other nonprofits to know the legal limits on political campaign-related activity and where the line falls between permitted lobbying activity and prohibited campaign
intervention. We’ll discuss those issues and the congressional call for increased IRS enforcement of the limits on political activity of 501(c)(4) organizations. Michael A. Clark Sidley Austin LLP II. Foreign Bank Accounts Reporting and the Foreign Account Tax Compliance Act (FATCA) • Update on significant IRS enforcement efforts and the compliance requirements for both foreign accounts and foreign assets. We will discuss the requirements for reporting and correcting failures to report foreign assets including: foreign bank accounts; foreign trusts; foreign corporations; foreign partnerships; correcting for prior reporting omissions and reporting requirements by foreign banks to the IRS. Robert E. McKenzie Arnstein & Lehr LLP
III. Quirky UBIT Questions • This session will answer UBIT questions based on the earlier presentation and will include time to get answers to “quirky” questions. Geralyn R. Hurd Crowe Horwath LLP
1:15 p.m.–2:15 p.m. Plenary Session Governance Update for Nonprofit Organizations • The panel will discuss many “hot issues” including the structuring of the board (and drafting the
basic documents), conflicts of interest and conflicts of fiduciary duties, parliamentary pitfalls, and board-staff relations: between benign neglect and micromanagement. Moderator: Philip N. Hablutzel Chicago-Kent College of Law Kay W. McCurdy Locke Lord LLP Jodi P. Pellettiere Quarles & Brady LLP Renee M. Schoenberg DLA Piper 2:15 p.m.–2:30 p.m.Break
2:30 p.m.–3:45 p.m. Concurrent Workshops— Choose One I. Accounting for Noncash Gifts • Cash is king, but many donors choose to make gifts in other forms. This session will discuss some of the more common noncash gifts, including pledges, securities, equipment, supplies, intellectual property, and beneficial interests in trusts. We will discuss both initial recognition of the gift and measurement in subsequent periods. Susan E. Budak Author/Consultant, Susan E. Budak, CPA II. Form 990 Update • The redesigned Form 990 continues to present some challenges and interesting issues. The session will provide an
overview of the 2011 Form 990 changes, focus on some of the more complex areas, provide helpful hints and tips to preparers and users, and will include some discussion on the new schedule H implementation. Mary Rauschenberg Deloitte Tax LLP Lu Ann Trapp Blackman Kallick LLP III. Conducting Due Diligence in Investment Selection • Make sure your selection of an investment advisor is not the next Madoff. Helpful hints and policies to help you pick the right advisor for your organization. Moderator: Bruce E. Huey Friedman & Huey Associates LLP George Bermingham Brown Brothers Harriman & Co. Kimberly A. Pendo Chicago Law Partners LLC Andrea Wright Johnson Lambert & Co. LLP
3:45 p.m.–3:50 p.m.Break 3:50 p.m.–4:50 p.m. Concurrent Workshops— Choose One I. Illinois Attorney General’s Charitable Trust Bureau Update • Compliance and reporting requirements • Litigation matters and concerns Moderator: Floyd D. Perkins Ungaretti & Harris LLP
Therese Harris Chief, Charitable Trust Bureau, Office of the Illinois Attorney General II. Ethics Issues for Lawyers and Accountants • Circular 230 issues of diligence as to accuracy, client’s omissions, recognizing badges of fraud, conflicts of interest and providing certain types of written advice in the context of Circular 230. Moderator: David S. Chernoff Associate General Counsel, The John D. and Catherine T. MacArthur Foundation
Denis J. Conlon Martin, Brown, Sullivan, Roadman & Hartnett Ltd.
Harvey L. Coustan Harvey Coustan LLC
III. C3’s, C4’s, C6’s: Tax Status Differences and the Right Choice for your Nonprofit • Does your organization have the right tax status?
• How to use “companion” organizations with different tax statuses to protect exemption and enhance opportunities. Paula Cozzi Goedert Barnes & Thornburg LLP
Program SchedulePlenary Speaker
CONFERENCE CO-CHAIRS:David S. Chernoff, Associate General Counsel, The John D. and Catherine T. MacArthur Foundation Thomas E. Chomicz, Quarles & Brady LLP Janice E. Rodgers, Quarles & Brady LLP
SPEAKERS: George Bermingham, Brown Brothers Harriman & Co. Eve R. Borenstein, Borenstein & McVeigh Law Office LLC Susan E. Budak, Author/Consultant, Susan E. Budak, CPA David S. Chernoff, Associate General Counsel, The John D. and Catherine T. MacArthur Foundation Michael A. Clark, Sidley Austin LLP Denis J. Conlon, Martin, Brown, Sullivan, Roadman & Hartnett Ltd. Harvey L. Coustan, Harvey Coustan LLC Paula Cozzi Goedert, Barnes & Thornburg LLP Philip N. Hablutzel, Professor of Law, Chicago-Kent College of Law Therese Harris, Chief, Charitable Trust Bureau, Office of the Illinois Attorney General Bruce E. Huey, Friedman & Huey Associates LLP Geralyn R. Hurd, Crowe Horwath LLPAnne E. Larson, Ogletree, Deakins, Nash, Smoak & Stewart P.C. Kay W. McCurdy, Locke Lord LLP Robert E. McKenzie, Arnstein & Lehr LLPJodi P. Pellettiere, Quarles & Brady LLPKimberly A. Pendo, Chicago Law Partners LLC Floyd D. Perkins, Ungaretti & Harris LLP Mary Rauschenberg, Deloitte Tax LLPRenee M. Schoenberg, DLA Piper Kelli Smith, Employee Plan Specialist, IRSRobert J. Toth, Jr., The Law Offices of Robert Toth LLCLu Ann Trapp, Blackman Kallick LLPAndrea Wright, Johnson Lambert & Co. LLP
Advisory Board Andreason L. BrownVice President, Finance & Administration Donors Forum
David S. ChernoffAssociate General Counsel The John D. and Catherine T. MacArthur Foundation Conference Co-Chair
Thomas E. ChomiczRetired Partner Quarles & Brady LLP Conference Co-Chair
Denis J. ConlonOf Counsel Martin, Brown, Sullivan, Roadman & Hartnett Ltd.
Philip N. HablutzelProfessor of Law Chicago-Kent College of Law Faculty Sponsor
Bruce E. HueyDirector Friedman & Huey Associates LLP
William I. MillerOffice of Chief Counsel, Tax Exempt & Government Entities Internal Revenue Service
Floyd D. PerkinsPartner Ungaretti & Harris LLP
Mary RauschenbergTax DirectorDeloitte Tax LLP
Janice E. RodgersPartner Quarles & Brady LLP Conference Co-Chair
David S. RosenSenior Vice President, Endowments Jewish Federation of Metropolitan Chicago
Deborah T. VillaSenior Director Office of Continuing Legal and Professional Education Chicago-Kent College of Law
Brian T. WhitlockTax Partner Blackman Kallick LLP
Lois G. LernerDirector, Tax Exempt OrganizationsInternal Revenue Service
IRS Focus 2012
Program Faculty
![Page 6: Online: Who Should Attend: Non-Profit Org U.S. …...• Cash is king, but many donors choose to make gifts in other forms. This session will discuss some of the more common noncash](https://reader034.fdocuments.us/reader034/viewer/2022042204/5ea5a5473bbecb525f676237/html5/thumbnails/6.jpg)
Thursday, June 7, 2012 8:00 a.m.–8:55 a.m. Registration
8:55 a.m.–9:00 a.m. Welcome & Announcements 9:00 a.m.–10:00 a.m. IRS Focus 2012 • This session will provide insight
into the IRS’s priorities for Exempt Organizations during the coming year. Lois G. Lerner Director, Tax Exempt Organizations, IRS
10:00 a.m.–11:00 a.m. Current Tax Developments • Recent tax rulings over the
past year that impact the nonprofit sector from a practitioner’s perspective. Eve R. Borenstein Borenstein & McVeigh Law Office LLC
11:00 a.m.–11:15 a.m. Break 11:15 a.m.–12:15 p.m. Concurrent Workshops— Choose OneI. Unrelated Business Income Tax • Current developments in the IRS’ focus on unrelated business income tax. Geralyn R. Hurd Crowe Horwath LLP
II. 403(b) Update • Key issues a non-benefits tax professional needs to know about, and an overview of 403(b) rules, and risks and audit exposures which affect the risk profile of a tax-exempt organization. Kelli Smith Employee Plans Specialist, IRS
Robert J. Toth, Jr. The Law Office of Robert Toth LLC III. Employment Law Update: Social Media Issues • Cautionary tales of social media in the workplace, why you need a social media policy to set the rules of engagement, what should be in your social media policy, when use of social media becomes protected concerted activity under the NLRA, and use of social media in hiring, termination and litigation. Anne E. Larson Ogletree, Deakins, Nash, Smoak & Stewart P.C.
12:15 p.m.–1:15 p.m.Buffet Luncheon
Luncheon Topics
I. Political Activities and Lobbying Issues • In this election year it is particularly important for charities and other nonprofits to know the legal limits on political campaign-related activity and where the line falls between permitted lobbying activity and prohibited campaign
intervention. We’ll discuss those issues and the congressional call for increased IRS enforcement of the limits on political activity of 501(c)(4) organizations. Michael A. Clark Sidley Austin LLP II. Foreign Bank Accounts Reporting and the Foreign Account Tax Compliance Act (FATCA) • Update on significant IRS enforcement efforts and the compliance requirements for both foreign accounts and foreign assets. We will discuss the requirements for reporting and correcting failures to report foreign assets including: foreign bank accounts; foreign trusts; foreign corporations; foreign partnerships; correcting for prior reporting omissions and reporting requirements by foreign banks to the IRS. Robert E. McKenzie Arnstein & Lehr LLP
III. Quirky UBIT Questions • This session will answer UBIT questions based on the earlier presentation and will include time to get answers to “quirky” questions. Geralyn R. Hurd Crowe Horwath LLP
1:15 p.m.–2:15 p.m. Plenary Session Governance Update for Nonprofit Organizations • The panel will discuss many “hot issues” including the structuring of the board (and drafting the
basic documents), conflicts of interest and conflicts of fiduciary duties, parliamentary pitfalls, and board-staff relations: between benign neglect and micromanagement. Moderator: Philip N. Hablutzel Chicago-Kent College of Law Kay W. McCurdy Locke Lord LLP Jodi P. Pellettiere Quarles & Brady LLP Renee M. Schoenberg DLA Piper 2:15 p.m.–2:30 p.m.Break
2:30 p.m.–3:45 p.m. Concurrent Workshops— Choose One I. Accounting for Noncash Gifts • Cash is king, but many donors choose to make gifts in other forms. This session will discuss some of the more common noncash gifts, including pledges, securities, equipment, supplies, intellectual property, and beneficial interests in trusts. We will discuss both initial recognition of the gift and measurement in subsequent periods. Susan E. Budak Author/Consultant, Susan E. Budak, CPA II. Form 990 Update • The redesigned Form 990 continues to present some challenges and interesting issues. The session will provide an
overview of the 2011 Form 990 changes, focus on some of the more complex areas, provide helpful hints and tips to preparers and users, and will include some discussion on the new schedule H implementation. Mary Rauschenberg Deloitte Tax LLP Lu Ann Trapp Blackman Kallick LLP III. Conducting Due Diligence in Investment Selection • Make sure your selection of an investment advisor is not the next Madoff. Helpful hints and policies to help you pick the right advisor for your organization. Moderator: Bruce E. Huey Friedman & Huey Associates LLP George Bermingham Brown Brothers Harriman & Co. Kimberly A. Pendo Chicago Law Partners LLC Andrea Wright Johnson Lambert & Co. LLP
3:45 p.m.–3:50 p.m.Break 3:50 p.m.–4:50 p.m. Concurrent Workshops— Choose One I. Illinois Attorney General’s Charitable Trust Bureau Update • Compliance and reporting requirements • Litigation matters and concerns Moderator: Floyd D. Perkins Ungaretti & Harris LLP
Therese Harris Chief, Charitable Trust Bureau, Office of the Illinois Attorney General II. Ethics Issues for Lawyers and Accountants • Circular 230 issues of diligence as to accuracy, client’s omissions, recognizing badges of fraud, conflicts of interest and providing certain types of written advice in the context of Circular 230. Moderator: David S. Chernoff Associate General Counsel, The John D. and Catherine T. MacArthur Foundation
Denis J. Conlon Martin, Brown, Sullivan, Roadman & Hartnett Ltd.
Harvey L. Coustan Harvey Coustan LLC
III. C3’s, C4’s, C6’s: Tax Status Differences and the Right Choice for your Nonprofit • Does your organization have the right tax status?
• How to use “companion” organizations with different tax statuses to protect exemption and enhance opportunities. Paula Cozzi Goedert Barnes & Thornburg LLP
Program SchedulePlenary Speaker
CONFERENCE CO-CHAIRS:David S. Chernoff, Associate General Counsel, The John D. and Catherine T. MacArthur Foundation Thomas E. Chomicz, Quarles & Brady LLP Janice E. Rodgers, Quarles & Brady LLP
SPEAKERS: George Bermingham, Brown Brothers Harriman & Co. Eve R. Borenstein, Borenstein & McVeigh Law Office LLC Susan E. Budak, Author/Consultant, Susan E. Budak, CPA David S. Chernoff, Associate General Counsel, The John D. and Catherine T. MacArthur Foundation Michael A. Clark, Sidley Austin LLP Denis J. Conlon, Martin, Brown, Sullivan, Roadman & Hartnett Ltd. Harvey L. Coustan, Harvey Coustan LLC Paula Cozzi Goedert, Barnes & Thornburg LLP Philip N. Hablutzel, Professor of Law, Chicago-Kent College of Law Therese Harris, Chief, Charitable Trust Bureau, Office of the Illinois Attorney General Bruce E. Huey, Friedman & Huey Associates LLP Geralyn R. Hurd, Crowe Horwath LLPAnne E. Larson, Ogletree, Deakins, Nash, Smoak & Stewart P.C. Kay W. McCurdy, Locke Lord LLP Robert E. McKenzie, Arnstein & Lehr LLPJodi P. Pellettiere, Quarles & Brady LLPKimberly A. Pendo, Chicago Law Partners LLC Floyd D. Perkins, Ungaretti & Harris LLP Mary Rauschenberg, Deloitte Tax LLPRenee M. Schoenberg, DLA Piper Kelli Smith, Employee Plan Specialist, IRSRobert J. Toth, Jr., The Law Offices of Robert Toth LLCLu Ann Trapp, Blackman Kallick LLPAndrea Wright, Johnson Lambert & Co. LLP
Advisory Board Andreason L. BrownVice President, Finance & Administration Donors Forum
David S. ChernoffAssociate General Counsel The John D. and Catherine T. MacArthur Foundation Conference Co-Chair
Thomas E. ChomiczRetired Partner Quarles & Brady LLP Conference Co-Chair
Denis J. ConlonOf Counsel Martin, Brown, Sullivan, Roadman & Hartnett Ltd.
Philip N. HablutzelProfessor of Law Chicago-Kent College of Law Faculty Sponsor
Bruce E. HueyDirector Friedman & Huey Associates LLP
William I. MillerOffice of Chief Counsel, Tax Exempt & Government Entities Internal Revenue Service
Floyd D. PerkinsPartner Ungaretti & Harris LLP
Mary RauschenbergTax DirectorDeloitte Tax LLP
Janice E. RodgersPartner Quarles & Brady LLP Conference Co-Chair
David S. RosenSenior Vice President, Endowments Jewish Federation of Metropolitan Chicago
Deborah T. VillaSenior Director Office of Continuing Legal and Professional Education Chicago-Kent College of Law
Brian T. WhitlockTax Partner Blackman Kallick LLP
Lois G. LernerDirector, Tax Exempt OrganizationsInternal Revenue Service
IRS Focus 2012
Program Faculty
![Page 7: Online: Who Should Attend: Non-Profit Org U.S. …...• Cash is king, but many donors choose to make gifts in other forms. This session will discuss some of the more common noncash](https://reader034.fdocuments.us/reader034/viewer/2022042204/5ea5a5473bbecb525f676237/html5/thumbnails/7.jpg)
Thursday, June 7, 2012 8:00 a.m.–8:55 a.m. Registration
8:55 a.m.–9:00 a.m. Welcome & Announcements 9:00 a.m.–10:00 a.m. IRS Focus 2012 • This session will provide insight
into the IRS’s priorities for Exempt Organizations during the coming year. Lois G. Lerner Director, Tax Exempt Organizations, IRS
10:00 a.m.–11:00 a.m. Current Tax Developments • Recent tax rulings over the
past year that impact the nonprofit sector from a practitioner’s perspective. Eve R. Borenstein Borenstein & McVeigh Law Office LLC
11:00 a.m.–11:15 a.m. Break 11:15 a.m.–12:15 p.m. CONCURRENT WORKSHOPS— CHOOSE ONEI. Unrelated Business Income Tax • Current developments in the IRS’ focus on unrelated business income tax. Geralyn R. Hurd Crowe Horwath LLP
II. 403(b) Update • Key issues a non-benefits tax professional needs to know about, and an overview of 403(b) rules, and risks and audit exposures which affect the risk profile of a tax-exempt organization. Kelli Smith Employee Plans Specialist, IRS
Robert J. Toth, Jr. The Law Office of Robert Toth LLC III. Employment Law Update: Social Media Issues • Cautionary tales of social media in the workplace, why you need a social media policy to set the rules of engagement, what should be in your social media policy, when use of social media becomes protected concerted activity under the NLRA, and use of social media in hiring, termination and litigation. Anne E. Larson Ogletree, Deakins, Nash, Smoak & Stewart P.C.
12:15 p.m.–1:15 p.m.Buffet Luncheon
Optional Luncheon Topics
I. Political Activities and Lobbying Issues • In this election year it is particularly important for charities and other nonprofits to know the legal limits on political campaign-related activity and where the line falls between permitted lobbying activity and prohibited campaign
intervention. We’ll discuss those issues and the congressional call for increased IRS enforcement of the limits on political activity of 501(c)(4) organizations. Michael A. Clark Sidley Austin LLP II. Foreign Bank Accounts Reporting and the Foreign Account Tax Compliance Act (FATCA) • Update on significant IRS enforcement efforts and the compliance requirements for both foreign accounts and foreign assets. We will discuss the requirements for reporting and correcting failures to report foreign assets including: foreign bank accounts; foreign trusts; foreign corporations; foreign partnerships; correcting for prior reporting omissions and reporting requirements by foreign banks to the IRS. Robert E. McKenzie Arnstein & Lehr LLP
III. Quirky UBIT Questions• This session will answer questions based on the earlier presentation and will include time to get answers to those “quirky” questions. Geralyn R. Hurd Crowe Horwath LLP
1:15 p.m.–2:15 p.m. Plenary Session Governance Update for Nonprofit Organizations • The panel will discuss many “hot issues” including the structuring of the board (and drafting the basic documents), conflicts of
interest and conflicts of fiduciary duties, parliamentary pitfalls, and board-staff relations: between benign neglect and micromanagement.
Moderator: Philip N. Hablutzel Chicago-Kent College of Law Kay W. McCurdy Locke Lord LLP Jodi P. Pellettiere Quarles & Brady LLP Renee M. Schoenberg DLA Piper 2:15 p.m.–2:30 p.m.Break
2:30 p.m.–3:45 p.m. CONCURRENT WORKSHOPS— CHOOSE ONE I. Accounting for Noncash Gifts • Cash is king, but many donors choose to make gifts in other forms. This session will discuss some of the more common noncash gifts, including pledges, securities, equipment, supplies, intellectual property, and beneficial interests in trusts. We will discuss both initial recognition of the gift and measurement in subsequent periods. Susan E. Budak Author/Consultant, Susan E. Budak, CPA II. Form 990 Update • The redesigned Form 990 continues to present some challenges and interesting issues. The session will provide an overview of the 2011 Form 990
changes, focus on some of the more complex areas, provide helpful hints and tips to preparers and users, and will include some discussion on the new schedule H implementation. Mary Rauschenberg Deloitte Tax LLP
Lu Ann Trapp Blackman Kallick LLP III. Conducting Due Diligence in Investment Selection • Make sure your selection of an investment advisor is not the next Madoff. Helpful hints and policies to help you pick the right advisor for your Organization. Moderator: Bruce E. Huey Friedman & Huey Associates LLP George Bermingham Brown Brothers Harriman & Co. Kimberly A. Pendo Chicago Law Partners LLC Andrea Wright Johnson Lambert & Co. LLP
3:45 p.m.–3:50 p.m.Break 3:50 p.m.–4:50 p.m. CONCURRENT WORKSHOPS— CHOOSE ONE I. Illinois Attorney General’s Charitable Trust Bureau Update • Compliance and reporting requirements • Litigation matters and concerns Moderator: Floyd D. Perkins
Ungaretti & Harris LLP Therese Harris Chief, Charitable Trust Bureau, Office of the Illinois Attorney General II. Ethics Issues for Lawyers and Accountants • Circular 230 issues of diligence as to accuracy, client’s omissions, recognizing badges of fraud, conflicts of interest and providing certain types of written advice in the context of Circular 230. Moderator: David S. Chernoff Associate General Counsel, The John D. and Catherine T. MacArthur Foundation
Denis J. Conlon Martin, Brown, Sullivan, Roadman & Hartnett Ltd.
Harvey L. Coustan Harvey Coustan LLC
III. C3’s, C4’s, C6’s: Tax Status Differences and the Right Choice for your Nonprofit •
Paula Cozzi Goedert Barnes & Thornburg LLP
Program SchedulePlenary Speaker
CONFERENCE CO-CHAIRS:David S. Chernoff, Associate General Counsel, The John D. and Catherine T. MacArthur Foundation Thomas E. Chomicz, Quarles & Brady LLP Janice E. Rodgers, Quarles & Brady LLP
SPEAKERS: George Bermingham, Brown Brothers Harriman & Co. Eve R. Borenstein, Borenstein & McVeigh Law Office LLC Susan E. Budak, Author/Consultant, Susan E. Budak, CPA David S. Chernoff, Associate General Counsel, The John D. and Catherine T. MacArthur Foundation Michael A. Clark, Sidley Austin LLP Denis J. Conlon, Martin, Brown, Sullivan, Roadman & Hartnett Ltd. Harvey L. Coustan, Harvey Coustan LLC Paula Cozzi Goedert, Barnes & Thornburg LLP Philip N. Hablutzel, Professor of Law, Chicago-Kent College of Law Therese Harris, Chief, Charitable Trust Bureau, Office of the Illinois Attorney General Bruce E. Huey, Friedman & Huey Associates LLP Geralyn R. Hurd, Crowe Horwath LLPAnne E. Larson, Ogletree, Deakins, Nash, Smoak & Stewart P.C. Kay W. McCurdy, Locke Lord LLP Robert E. McKenzie, Arnstein & Lehr LLPJodi P. Pellettiere, Quarles & Brady LLPKimberly A. Pendo, Chicago Law Partners LLC Floyd D. Perkins, Ungaretti & Harris LLP Mary Rauschenberg, Deloitte Tax LLPRenee M. Schoenberg, DLA Piper Kelli Smith, Employee Plan Specialist, IRSRobert J. Toth, Jr., The Law Offices of Robert Toth LLCLu Ann Trapp, Blackman Kallick LLPAndrea Wright, Johnson Lambert & Co. LLP
Advisory Board Andreason L. BrownVice President, Finance & Administration Donors Forum
David S. ChernoffAssociate General Counsel The John D. and Catherine T. MacArthur Foundation Conference Co-Chair
Thomas E. ChomiczRetired Partner Quarles & Brady LLP Conference Co-Chair
Denis J. ConlonOf Counsel Martin, Brown, Sullivan, Roadman & Hartnett Ltd.
Philip N. HablutzelProfessor of Law Chicago-Kent College of Law Faculty Sponsor
Bruce E. HueyDirector Friedman & Huey Associates LLP
William I. MillerOffice of Chief Counsel, Tax Exempt & Government Entities Internal Revenue Service
Floyd D. PerkinsPartner Ungaretti & Harris LLP
Mary RauschenbergTax DirectorDeloitte Tax LLP
Janice E. RodgersPartner Quarles & Brady LLP Conference Co-Chair
David S. RosenSenior Vice President, Endowments Jewish Federation of Metropolitan Chicago
Deborah T. VillaSenior Director Office of Continuing Legal and Professional Education Chicago-Kent College of Law
Brian T. WhitlockTax Partner Blackman Kallick LLP
Lois G. LernerDirector, Tax Exempt OrganizationsInternal Revenue Service
IRS Focus 2012
Program Faculty
![Page 8: Online: Who Should Attend: Non-Profit Org U.S. …...• Cash is king, but many donors choose to make gifts in other forms. This session will discuss some of the more common noncash](https://reader034.fdocuments.us/reader034/viewer/2022042204/5ea5a5473bbecb525f676237/html5/thumbnails/8.jpg)
Registration Form: Not-For-Profit Organizations Thursday, June 7, 2012 3 Easy Ways to RegisterOnline: cle.kentlaw.edu Mail: Office of Continuing Legal & Professional Education
IIT Chicago-Kent College of Law 565 West Adams St.
Chicago, IL 60661-3691 Phone: (312) 906-5090
Name (please print) Professional Title
Firm
Address
City State Zip
Telephone Fax
Attorney Registration # If Chicago-Kent Alumni, list month and year of graduation: Month_____Year_____
q Please check here if you have any special needs and a CLE staff member will contact you.
Payment Informationq Payment by check. Amount enclosed $ ____________________(Make check payable to: Chicago-Kent College of Law)
q Payment by credit card. Amount enclosed $ _________________
q VISA q MasterCard q American Express q Discover
Card # Exp. Date
Security Code
Signature
Program LocationThe conference will be held at Chicago-Kent College of Law, 565 West Adams Street in Chicago. Confirmation of RegistrationA letter of confirmation will be emailed to the address given on your registration form. If you do not receive an email confirmation after registering and before the conference please contact the Office of Continuing Legal & Professional Education at [email protected]. Confirmation of AttendanceA certificate of attendance will be provided at registration. Cancellations and RefundsWritten notification of cancellation is required. A full tuition refund is available if notification is received prior to May 10, 2012; 25% will be charged if notification is received between May 10 and May 31, 2012. No refunds will be granted after May 31, 2012.
MCLE CreditChicago-Kent College of Law is an accredited provider for IL & PA MCLE. This conference is eligible for 7.0 hours of IL MCLE and includes 1.0 hour of ethics credit (pending approval). The actual number of approved hours may vary from state to state. For additional information: please call the Office of Continuing Legal and Professional Education, Chicago-Kent College of Law, (312) 906-5090, or send an email to [email protected]. CPE Credit8.0 hours on a “50-minute” credit hour. Chicago-Kent College of Law is a registered public accountant professional education sponsor in Illinois.
Hotel Accommodations Hotel accommodations for the convenience of out-of-town guests have been made at the Club Quarters, Central Loop. The room rate at the Club Quarters, Central Loop is $179 for single occupancy, plus 15.4% tax. The Club Quarters is a private, no frills hotel designed specifically for the business traveler and is located five blocks east of the law school within easy walking distance. Please make reservations directly with the hotel. Requests for accommodations cannot be assured if made after April 25, 2012.
To Make Reservations:Club Quarters, Central Loop111 W Adams Street Chicago, IL 60603 (203) 905-2100 Voice(203) 348-6401 Faxwww.clubquarters.com/loc_chicago.php
Please mention to the hotel reservation receptionist that you are with the Illinois Institute of Technology and use group code “IIT606”
Registration Fee (per person)
Early Registration Fee: $215
After May 17, 2012: $245(A $10 per person discount is available to groups that register 3 or more individuals at the same time.) Chicago-Kent College of Law Alumni Rate: $195(no group discount available and non-transferable)
Fee includes continental breakfast, lunch and course materials.
General Information
Who Should Attend: This one-day seminar is designed for experienced attorneys, accountants, not-for-profit executives and staff, and board members. The conference features a comprehensive program at a mid-to-advanced level of discussion on the most current developments in taxation, legislation and regulation affecting not-for-profit organizations in Illinois.
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31st annual Conference on Not-For-Profit OrganizationsThursday, June 7, 2012 In Cooperation with:Donors Forum Illinois CPA Society
Highlights
• IRS Focus 2012 featuring Lois Lerner, IRS Director of Tax Exempt Organizations
• Current Tax Developments
• Unrelated Business Income Tax
• 403(b) Update
• Employment Law Update: Social Media Issues
• NEW! Luncheon Topics
• Political Activities and Lobbying Issues
• Foreign Bank Accounts Reporting and the Foreign Account Tax Compliance Act (FATCA)
• Quirky UBIT Questions
• Governance Update for Nonprofit Organizations• Accounting for Noncash Gifts• Form 990 Update
• Conducting Due Diligence in Investment Selection
• Illinois Attorney General’s Charitable Trust Bureau Update
• Ethical issues for Lawyers and Accountants
• C3’s, C4’s, C6’s: Tax Status Differences and the Right Choice for your Nonprofit
![Page 9: Online: Who Should Attend: Non-Profit Org U.S. …...• Cash is king, but many donors choose to make gifts in other forms. This session will discuss some of the more common noncash](https://reader034.fdocuments.us/reader034/viewer/2022042204/5ea5a5473bbecb525f676237/html5/thumbnails/9.jpg)
Registration Form: Not-For-Profit Organizations Thursday, June 7, 2012 3 Easy Ways to RegisterOnline: cle.kentlaw.edu Mail: Office of Continuing Legal & Professional Education
IIT Chicago-Kent College of Law 565 West Adams St.
Chicago, IL 60661-3691 Phone: (312) 906-5090
Name (please print) Professional Title
Firm
Address
City State Zip
Telephone Fax
Attorney Registration # If Chicago-Kent Alumni, list month and year of graduation: Month_____Year_____
q Please check here if you have any special needs and a CLE staff member will contact you.
Payment Informationq Payment by check. Amount enclosed $ ____________________(Make check payable to: Chicago-Kent College of Law)
q Payment by credit card. Amount enclosed $ _________________
q VISA q MasterCard q American Express q Discover
Card # Exp. Date
Security Code
Signature
Program LocationThe conference will be held at Chicago-Kent College of Law, 565 West Adams Street in Chicago. Confirmation of RegistrationA letter of confirmation will be emailed to the address given on your registration form. If you do not receive an email confirmation after registering and before the conference please contact the Office of Continuing Legal & Professional Education at [email protected]. Confirmation of AttendanceA certificate of attendance will be provided at registration. Cancellations and RefundsWritten notification of cancellation is required. A full tuition refund is available if notification is received prior to May 10, 2012; 25% will be charged if notification is received between May 10 and May 31, 2012. No refunds will be granted after May 31, 2012.
MCLE CreditChicago-Kent College of Law is an accredited provider for IL & PA MCLE. This conference is eligible for 7.0 hours of IL MCLE and includes 1.0 hour of ethics credit (pending approval). The actual number of approved hours may vary from state to state. For additional information: please call the Office of Continuing Legal and Professional Education, Chicago-Kent College of Law, (312) 906-5090, or send an email to [email protected]. CPE Credit8.25 hours on a “50-minute” credit hour. Chicago-Kent College of Law is a registered public accountant professional education sponsor in Illinois.
Hotel Accommodations Hotel accommodations for the convenience of out-of-town guests have been made at the Club Quarters, Central Loop. The room rate at the Club Quarters, Central Loop is $179 for single occupancy, plus 15.4% tax. The Club Quarters is a private, no frills hotel designed specifically for the business traveler and is located five blocks east of the law school within easy walking distance. Please make reservations directly with the hotel. Requests for accommodations cannot be assured if made after April 25, 2012.
To Make Reservations:Club Quarters, Central Loop111 W Adams Street Chicago, IL 60603 (203) 905-2100 Voice(203) 348-6401 Faxwww.clubquarters.com/loc_chicago.php
Please mention to the hotel reservation receptionist that you are with the Illinois Institute of Technology and use group code “IIT606”
Registration Fee (per person)
Early Registration Fee: $215
After May 17, 2012: $245(A $10 per person discount is available to groups that register 3 or more individuals at the same time.) Chicago-Kent College of Law Alumni Rate: $195(no group discount available and non-transferable)
Fee includes continental breakfast, lunch and course materials.
General Information
Who Should Attend: This one-day seminar is designed for experienced attorneys, accountants, not-for-profit executives and staff, and board members. The conference features a comprehensive program at a mid-to-advanced level of discussion on the most current developments in taxation, legislation and regulation affecting not-for-profit organizations in Illinois.
31st
ann
ual C
onfe
renc
e on
N
ot-F
or-P
rofit
Org
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Non
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31st annual Conference on Not-For-Profit OrganizationsThursday, June 7, 2012 In Cooperation with:Donors Forum Illinois CPA Society
Highlights
• IRS Focus 2012 featuring Lois Lerner, IRS Director of Tax Exempt Organizations
• Current Tax Developments
• Unrelated Business Income Tax
• 403(b) Update
• Employment Law Update: Social Media Issues
• NEW! Luncheon Topics
• Political Activities and Lobbying Issues
• Foreign Bank Accounts Reporting and the Foreign Account Tax Compliance Act (FATCA)
• Quirky UBIT Questions
• Governance Update for Nonprofit Organizations
• Accounting for Intangible Gifts, Pledges
• Form 990 Update, Lessons Learned in 2011 and Implementation of Schedule H
• Conducting Due Diligence in Investment Selection
• Illinois Attorney General’s Charitable Trust Bureau
• Ethical issues for Lawyers and Accountants
• C3’s, C4’s, C6’s: Tax Status Differences and the Right Choice for your Nonprofit