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Registration Form: Not-For-Profit Organizations Thursday, June 5, 2014 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: IIT 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 IIT 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 8, 2014; 25% will be charged if notification is received between May 9 and May 29, 2014. No refunds will be granted after May 29, 2014.
MCLE CreditIIT Chicago-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 2.0 hours of ethics credit (pending final 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, IIT 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. IIT 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 Crowne Plaza Chicago Metro. The room rate at the Crowne Plaza Chicago Metro is $189 for single or double occupancy, plus 16.4% tax. The Crowne is located four blocks west of the law school within easy walking distance. Please make reservations directly with the hotel. Requests for accommodations cannot be assured if made after May 6, 2014.
To Make Reservations: Crowne Plaza Chicago Metro 733 W. Madison Street Chicago, IL 60601 (312) 829-5000 Voice (312) 602-2180 Fax www.crowneplaza.com/chicagometro When booking online enter group code:
Please mention to the hotel reservation receptionist that you are with the IIT Chicago-Kent College of Law Conference on Not-For-Profit Organizations.
Registration Fee (per person)
Early Registration Fee: $220
After May 16, 2014: $250(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 • Experienced Attorneys • Experienced Accountants • Experienced Not-For-Profit Organizations Staff • Experienced Advisors of Not-For-Profit Organizations
33rd
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IIT Chicago-Kent College of Law presents the 33rd annual Conference on Not-For-Profit OrganizationsThursday, June 5, 2014 In Cooperation with: Donors Forum Illinois CPA Society
Highlights
• IRS Focus 2014, featuring Suzanne Ross McDowell, Steptoe & Johnson LLP• Governance Decisions with Tax Implications• Illinois Attorney General’s Charitable Trust Bureau Update• Recent Developments in Employment Law That May Affect Your Workplace• Audit and Accounting Update• Cause-Related Marketing, Commerical Co-Ventures, and the New Era of Multi-State Fundraising• Advanced Private Foundation Issues• Top 10 Pitfalls of Not-For-Profits• Affordable Care Act Update• Aquisitions, Operations, ADA, and Insurance Issues• Lobbying and Political Activities in an Election Year• IRS Form 990 Audit Issues and Developments• Key Trends in Nonprofit Law and Governance• Fundamentals of Tax-Exempt Financing• Legal Ethics• Tax Reporting Obligations for Foreign Investments
Continuing Legal Education
Thursday, June 5, 2014 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 2014 • This session will review
developments at the IRS in the last year and what we can expect in the coming year, includ a discussion of personnel changes, the proposed guidance on the conduct of political activities by social welfare organizations, and the IRS’ priorities for guidance and other projects. Suzanne Ross McDowellSteptoe & Johnson LLP
10:00 a.m.–11:00 a.m. Governance Decisions with Tax Implications • Non-profit boards and staff make
governance decisions in blissful ignorance of their tax implications. Board size and composition, relations with suppliers and partners, the composition of the mission statement, use of the mailing list and a dozen other decisions all have tax implications. This session will review governance decisions with tax implications and provide guidance on avoiding tax pitfalls. Paula Cozzi Goedert Barnes & Thornburg LLP
11:00 a.m.–11:15 a.m. Break 11:15 a.m.–12:00 p.m. Concurrent Workshops— Choose OneI. Illinois Attorney General’s Charitable Trust Bureau Update • Compliance and reporting requirements
• Litigation matters and concerns Therese Harris Chief, Charitable Trust Bureau, Office of the Illinois Attorney General Moderator: Floyd D. Perkins Ungaretti & Harris LLP
II. Recent Developments in Employment Law• This session will discuss what
is new and noteworthy in the employment law arena and offers guidance on how not-for-profit organizations can avoid risk in these changing times. Richard J. Gonzalez Clinical Professor of Law IIT Chicago-Kent College of Law
III. Audit and Accounting Update • This session will discuss
recent accounting and audit developments of interest to not-for-profit organizations. It will also review ongoing FASB projects that could have a signifcant impact on not-for-profit accounting and financial reporting. Thomas BreanGrant Thornton LLP
12:00 p.m.–1:00 p.m.Buffet Luncheon 12:15 p.m.–1:00 p.m. Luncheon Topics I. Cause-Related Marketing, Commerical Co-Ventures, and the New Era of Multi- State Fundraising • Legal requirements imposed on
nonprofits and for-profit companies conducting charitable co-venture promotions
• Negotiating charitable promotion agreements with for-profit partners
• Managing multi-state compliance considerations in commercial co-ventures
• Identifying federal tax and other legal implications in commercial co-ventures and cause-related marketing Brian D. Fergemann Winston & Strawn LLP Ryan K. Oberly Wagenmaker & Oberly LLC
II. Advanced Private Foundation Issues • This session will address
expenditure responsibility, international grantmaking issues (including equivalency determinations), program-related investments, complex self-dealing issues, and more. Jodi Patt Pellettiere Quarles & Brady LLP Amanda K. Blaising Quarles & Brady LLP
III. Top 10 IP Pitfalls of Not-For- Profits • Misconceptions and incorrect
assumptions can lead many not-for-profits to ignore certain intellectual property rights (patents, trademarks, copyrights, and trade secrets) until it is too late. This session will focus on those IP pitfalls particularly applicable to not-for-profit organizations. Roger H. Stein Ungaretti & Harris LLP
1:00 p.m.–2:15 p.m. Concurrent Workshops— Choose OneI. Affordable Care Act Update • This session provides an overview
of the recently finalized regulations impacting the employer mandate under the ACA and what steps employers need to take to ensure compliance. Kevin P. Shimkus Deloitte Tax LLP
John L. BarlamentQuarles & Brady LLP
II. Acquisitions, Operations, ADA, and Insurance Issues This panel will discuss a range of issues raised and potential problems when a not-for-profit organization acquires space (by lease or purchase) and conducts its charitable activities, including: • Practical considerations when
choosing a location, leasing or purchasing offices or other facilities, and operating its programs
• Necessary insurance coverage, including general liability, property & casualty, workers compensation, automobiles, and D & O
• ADA premises and operational issues, including ingress, egress, path of travel, and employee and client accommodations David S. ChernoffAssociate General Counsel (retired), The John D. and Catherine T. MacArthur Foundation Allen K. Flagler, Jr. The Flagler Agency Inc. Richard J. Gonzalez Clinical Professor of Law IIT Chicago-Kent College of Law
III. Lobbying and Political Activities in an Election Year
• This session will address the existing and proposed rules on exempt organization lobbying and political activity, as well as strategies for compliance, in light of the recent and ongoing controversy over the scope of existing rules. Michael A. Clark Sidley Austin LLP John Pomeranz Harmon, Curran, Spielberg, & Eisenberg LLP
2:15 p.m.–2:25 p.m.Break 2:25 p.m.–3:40 p.m. Concurrent Workshops— Choose OneI. IRS Form 990 Audit Issues and Developments • Two active practioners, an
attorney and a CPA, will review recent developments involving the IRS focus on IRS Form 990 in approaching audit issues. In addition to looking at changes in the Form 990, the speakers will review recent IRS compliance audits, published guidance, and tax cases which have focused on compensation issues and UBIT impacting nonprofit orgnaizations, religious organizations, universities, and trade associations. Kathyrn M. Vanden BerkBea & VandenBerk Brian T. WhitlockPlante Moran PLLC
II. Key Trends in Nonprofit Law and Governance • This session will offer an update
on nonprofit corporate law and governance developments Michael W. Peregrine McDermott, Will, & Emery LLP
III. Fundamentals of Tax-Exempt Financing • This session will discuss recent
legal and capital markets trends in not-for-profit finance, including the state of the capital markets five years after the crash, the final municipal advisor rule, the recent growth in taxable borrowings and its appeal to many borrowers, other ways to access the floating rate market, including direct lending, floating rate notes, and other similar instruments and the risk of the loss of tax exemption.
Stephen W. Johnson Ziegler David J. Kates Chapman and Cutler LLP
3:40 p.m.–3:50 p.m.Break 3:50 p.m.–4:50 p.m. Concurrent Workshops— Choose OneI. Legal Ethics This session will: • Review the most commonly
encountered Rules of Professional Conduct
• Discuss interactively a number of practical hypothetical ethical situations David S. Chernoff Associate General Counsel (retired), The John D. and Catherine T. MacArthur Foundation
II. Tax Reporting Obligations for Foreign Investments • Not-for-profit organizations now
operate in a world transformed by tighter regulations, economic globalization and increased demand worldwide for program services, thus creating opportunities to expand their global reach by addressing critical needs across borders, soliciting financial support outside the organization’s country of incorporation, and investing in foreign financial markets and activities. However, these opportunities bring complex multinational tax implications. This session will address some of the more complex international tax issues regarding U.S. reporting requirements related to foreign activity. Julie DeeGrant Thornton LLP
Program ScheduleProgram Faculty
John L. Barlament, Quarles & Brady LLP Amanda K. Blaising, Quarles & Brady LLP Thomas Brean, Grant Thornton LLP David S. Chernoff, Associate General Counsel (retired), The John D. and Catherine T. MacArthur Foundation Michael A. Clark, Sidley Austin LLP Julie A. Dee, Grant Thornton LLP Brian D. Fergemann, Winston & Strawn LLP Allen K. Flagler, Jr., The Flagler Agency Inc. Paula Cozzi Goedert, Barnes & Thornburg LLP Richard J. Gonzalez, Clinical Professor of Law, IIT Chicago-Kent College of Law Therese Harris, Chief, Charitable Trust Bureau, Office of the Illinois Attorney General Stephen W. Johnson, Ziegler David J. Kates, Chapman and Cutler LLPSuzanne Ross McDowell, Steptoe & Johnson LLP Ryan K. Oberly, Wagenmaker & Oberly LLCJodi Patt Pellettiere, Quarles & Brady LLP Michael W. Peregrine, McDermott, Will, & Emery LLPFloyd D. Perkins, Ungaretti & Harris LLP John Pomeranz, Harmon, Curran, Spielberg, & Eisenberg LLPRoger H. Stein, Ungaretti & Harris LLP Kevin P. Shimkus, Deloitte Tax LLP Kathryn M. Vanden Berk, Bea & VandenBerk Brian T. Whitlock, Plante Moran PLLC
Advisory Board Andreason L. BrownVice President, Finance & Administration Donors Forum
David S. ChernoffAssociate General Counsel, retired The John D. and Catherine T. MacArthur Foundation Conference Co-Chair
Thomas E. ChomiczRetired Partner Quarles & Brady LLP Conference Co-Chair
Philip N. HablutzelProfessor of Law IIT 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
Valerie C. PereraDirector Office of Continuing Legal and Professional Education IIT Chicago-Kent College of Law
Floyd D. PerkinsPartner Ungaretti & Harris LLP
Mary RauschenbergTax DirectorDeloitte Tax LLP
Janice E. RodgersPartner and Chair Tax-Exempt Organizations Team Quarles & Brady LLP Conference Co-Chair
David S. RosenSenior Vice President, Endowments Jewish United Fund
Brian T. WhitlockTax Partner Plante Moran PLLC
Suzanne Ross McDowellPartner, Steptoe & Johnson LLP
IRS Focus 2014
OPENING PLENARY SPEAKER:
Registration Form: Not-For-Profit Organizations Thursday, June 5, 2014 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 College of Law 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: IIT 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 IIT Chicago-Kent College of Law, 565 West Adams Street in Chicago. Confirmation of Registration A 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 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 8, 2014; 25% will be charged if notification is received between May 8 and May 29, 2014. No refunds will be granted after May 29, 2014.
MCLE Credit IIT Chicago-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 final 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, IIT Chicago-Kent College of Law, (312) 906-5090, or send an email to [email protected]. CPE Credit 8.0 hours on a “50-minute” credit hour. IIT 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 Crowne Plaza Chicago Metro. The room rate at the Crowne Plaza Chicago Metro is $189 for single or double occupancy, plus 16.4% tax. The Crowne is located four blocks west of the law school within easy walking distance. Please make reservations directly with the hotel. Requests for accommodations cannot be assured if made after May 6, 2014.
To Make Reservations: Crowne Plaza Chicago Metro 733 W. Madison Street Chicago, IL 60601 (312) 829-5000 Voice (312) 602-2180 Fax www.crowneplaza.com/chicagometro When booking online enter group code: NP6
Please mention to the hotel reservation receptionist that you are with the IIT Chicago-Kent College of Law Conference on Not-For-Profit Organizations.
Registration Fee (per person)
Early Registration Fee: $220 After May 16, 2014: $250 (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 • Experienced Attorneys • Experienced Accountants • Experienced Not-For-Profit Organizations Staff • Experienced Advisors of Not-For-Profit Organizations
33rd
ann
ual C
onfe
renc
e on
N
ot-F
or-P
rofit
Org
aniz
atio
ns
Thur
sday
June
5, 2
014
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
IIT Chicago-Kent College of Law presents the 33rd annual Conference on Not-For-Profit Organizations Thursday, June 5, 2014 In Cooperation with: Donors Forum Illinois CPA Society
Highlights
• IRS Focus 2014, featuring Suzanne Ross McDowell, Steptoe & Johnson LLP• Governance Decisions with Tax Implications• Illinois Attorney General’s Charitable Trust Bureau Update• Recent Developments in Employment Law• Audit and Accounting Update
• Cause-Related Marketing, Commercial Co-Ventures, and the New Era of Multi-State Fundraising• Advanced Private Foundation Issues• Top 10 IP Pitfalls of Not-For-Profits• Affordable Care Act Update• Acquisitions, Operations, ADA, and Insurance Issues• Lobbying and Political Activities in an Election Year• IRS Form 990 Audit Issues and Developments• Key Trends in Nonprofit Law and Governance• Fundamentals of Tax-Exempt Financing• Legal Ethics• Tax Reporting Obligations for Foreign Investments
Continuing Legal Education
Thursday, June 5, 2014 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 2014 • This session will review
developments at the IRS in the last year and what we can expect in the coming year, including a discussion of personnel changes, the proposed guidance on the conduct of political activities by social welfare organizations, and the IRS’ priorities for guidance and other projects. Suzanne Ross McDowell Steptoe & Johnson LLP
10:00 a.m.–11:00 a.m. Governance Decisions with Tax Implications • Non-profit boards and staff make
governance decisions in blissful ignorance of their tax implications. Board size and composition, relations with suppliers and partners, the composition of the mission statement, use of the mailing list and a dozen other decisions all have tax implications. This session will review governance decisions with tax implications and provide guidance on avoiding tax pitfalls. Paula Cozzi Goedert Barnes & Thornburg LLP
11:00 a.m.–11:15 a.m. Break 11:15 a.m.–12:00 p.m. Concurrent Workshops— Choose One I. Illinois Attorney General’s Charitable Trust Bureau Update • Compliance and reporting requirements
• Litigation matters and concerns Therese Harris Chief, Charitable Trust Bureau, Office of the Illinois Attorney General Moderator: Floyd D. Perkins Ungaretti & Harris LLP
II. Recent Developments in Employment Law • This session will discuss what
is new and noteworthy in the employment law arena and offers guidance on how not-for-profit organizations can avoid risk in these changing times. Richard J. Gonzalez Clinical Professor of Law IIT Chicago-Kent College of Law
III. Audit and Accounting Update • This session will discuss
recent accounting and audit developments of interest to not-for-profit organizations. It will also review ongoing FASB projects that could have a significant impact on not-for-profit accounting and financial reporting. Thomas Brean Grant Thornton LLP
12:00 p.m.–1:00 p.m. Buffet Luncheon 12:15 p.m.–1:00 p.m. Luncheon Topics I. Cause-Related Marketing, Commercial Co-Ventures, and the New Era of Multi- State Fundraising • Legal requirements imposed on
nonprofits and for-profit companies conducting charitable co-venture promotions
• Negotiating charitable promotion agreements with for-profit partners
• Managing multi-state compliance considerations in commercial co-ventures
• Identifying federal tax and other legal implications in commercial co-ventures and cause-related marketing Brian D. Fergemann Winston & Strawn LLP Ryan K. Oberly Wagenmaker & Oberly LLC
II. Advanced Private Foundation Issues • This session will address
expenditure responsibility, international grantmaking issues (including equivalency determinations), program-related investments, complex self-dealing issues, and more. Jodi Patt Pellettiere Quarles & Brady LLP Amanda K. Blaising Quarles & Brady LLP
III. Top 10 IP Pitfalls of Not-For- Profits • Misconceptions and incorrect
assumptions can lead many not-for-profits to ignore certain intellectual property rights (patents, trademarks, copyrights, and trade secrets) until it is too late. This session will focus on those IP pitfalls particularly applicable to not-for-profit organizations. Roger H. Stein Ungaretti & Harris LLP
1:00 p.m.–2:15 p.m. Concurrent Workshops— Choose One I. Affordable Care Act Update • This session provides an overview
of the recently finalized regulations impacting the employer mandate under the ACA and what steps employers need to take to ensure compliance. Kevin P. Shimkus Deloitte Tax LLP
John L. Barlament Quarles & Brady LLP
II. Acquisitions, Operations, ADA, and Insurance Issues This panel will discuss a range of issues raised and potential problems when a not-for-profit organization acquires space (by lease or purchase) and conducts its charitable activities, including: • Practical considerations when
choosing a location, leasing or purchasing offices or other facilities, and operating its programs
• Necessary insurance coverage, including general liability, property & casualty, workers compensation, automobiles, and D & O
• ADA premises and operational issues, including ingress, egress, path of travel, and employee and client accommodations David S. Chernoff Associate General Counsel (retired), The John D. and Catherine T. MacArthur Foundation Allen K. Flagler, Jr. The Flagler Agency Inc. Richard J. Gonzalez Clinical Professor of Law IIT Chicago-Kent College of Law
III. Lobbying and Political Activities in an Election Year
• This session will address the existing and proposed rules on exempt organization lobbying and political activity, as well as strategies for compliance, in light of the recent and ongoing controversy over the scope of existing rules. Michael A. Clark Sidley Austin LLP John Pomeranz Harmon, Curran, Spielberg, & Eisenberg LLP
2:15 p.m.–2:25 p.m. Break 2:25 p.m.–3:40 p.m. Concurrent Workshops— Choose One I. IRS Form 990 Audit Issues and Developments • Two active practitioners, an
attorney and a CPA, will review recent developments involving the IRS focus on IRS Form 990 in approaching audit issues. In addition to looking at changes in the Form 990, the speakers will review recent IRS compliance audits, published guidance, and tax cases which have focused on compensation issues and UBIT impacting nonprofit organizations, religious organizations, universities, and trade associations. Kathryn M. Vanden Berk Bea & VandenBerk Brian T. Whitlock Plante Moran PLLC
II. Key Trends in Nonprofit Law and Governance • This session will offer an update
on nonprofit corporate law and governance developments Michael W. Peregrine McDermott, Will, & Emery LLP
III. Fundamentals of Tax-Exempt Financing • This session will discuss recent
legal and capital markets trends in not-for-profit finance, including the state of the capital markets five years after the crash, the final municipal advisor rule, the recent growth in taxable borrowings and its appeal to many borrowers, other ways to access the floating rate market, including direct lending, floating rate notes, and other similar instruments and the risk of the loss of tax exemption.
Stephen W. Johnson Ziegler David J. Kates Chapman and Cutler LLP
3:40 p.m.–3:50 p.m. Break 3:50 p.m.–4:50 p.m. Concurrent Workshops— Choose One I. Legal Ethics This session will: • Review the most commonly
encountered Rules of Professional Conduct
• Discuss interactively a number of practical hypothetical ethical situations David S. Chernoff Associate General Counsel (retired), The John D. and Catherine T. MacArthur Foundation
II. Tax Reporting Obligations for Foreign Investments • Not-for-profit organizations now
operate in a world transformed by tighter regulations, economic globalization and increased demand worldwide for program services, thus creating opportunities to expand their global reach by addressing critical needs across borders, soliciting financial support outside the organization’s country of incorporation, and investing in foreign financial markets and activities. However, these opportunities bring complex multinational tax implications. This session will address some of the more complex international tax issues regarding U.S. reporting requirements related to foreign activity. Julie Dee Grant Thornton LLP
Program ScheduleProgram Faculty
John L. Barlament, Quarles & Brady LLP Amanda K. Blaising, Quarles & Brady LLP Thomas Brean, Grant Thornton LLP David S. Chernoff, Associate General Counsel (retired), The John D. and Catherine T. MacArthur Foundation Michael A. Clark, Sidley Austin LLP Julie A. Dee, Grant Thornton LLP Brian D. Fergemann, Winston & Strawn LLP Allen K. Flagler, Jr., The Flagler Agency Inc. Paula Cozzi Goedert, Barnes & Thornburg LLP Richard J. Gonzalez, Clinical Professor of Law, IIT Chicago-Kent College of Law Therese Harris, Chief, Charitable Trust Bureau, Office of the Illinois Attorney General Stephen W. Johnson, Ziegler David J. Kates, Chapman and Cutler LLP Suzanne Ross McDowell, Steptoe & Johnson LLP Ryan K. Oberly, Wagenmaker & Oberly LLC Jodi Patt Pellettiere, Quarles & Brady LLP Michael W. Peregrine, McDermott, Will, & Emery LLP Floyd D. Perkins, Ungaretti & Harris LLP John Pomeranz, Harmon, Curran, Spielberg, & Eisenberg LLP Roger H. Stein, Ungaretti & Harris LLP Kevin P. Shimkus, Deloitte Tax LLP Kathryn M. Vanden Berk, Bea & VandenBerk Brian T. Whitlock, Plante Moran PLLC
Advisory Board Andreason L. Brown Chief Financial Officer Donors Forum
David S. Chernoff Associate General Counsel, retired The John D. and Catherine T. MacArthur Foundation Conference Co-Chair
Thomas E. Chomicz Retired Partner Quarles & Brady LLP Conference Co-Chair
Philip N. Hablutzel Professor of Law IIT Chicago-Kent College of Law Faculty Sponsor
Bruce E. Huey Director Friedman & Huey Associates LLP
William I. Miller Office of Chief Counsel, Tax Exempt & Government Entities Internal Revenue Service
Valerie C. Perera Director Office of Continuing Legal and Professional Education IIT Chicago-Kent College of Law
Floyd D. Perkins Partner Ungaretti & Harris LLP
Mary Rauschenberg Tax DirectorDeloitte Tax LLP
Janice E. Rodgers Partner and Chair Tax-Exempt Organizations Team Quarles & Brady LLP Conference Co-Chair
David S. Rosen Senior Vice President, Endowments Jewish United Fund
Brian T. Whitlock Tax Partner Plante Moran PLLC
Suzanne Ross McDowellPartner, Steptoe & Johnson LLP
IRS Focus 2014
OPENING PLENARY SPEAKER:
Thursday, June 5, 2014 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 2014 • This session will review
developments at the IRS in the last year and what we can expect in the coming year, including a discussion of personnel changes, the proposed guidance on the conduct of political activities by social welfare organizations, and the IRS’ priorities for guidance and other projects. Suzanne Ross McDowell Steptoe & Johnson LLP
10:00 a.m.–11:00 a.m. Governance Decisions with Tax Implications • Non-profit boards and staff make
governance decisions in blissful ignorance of their tax implications. Board size and composition, relations with suppliers and partners, the composition of the mission statement, use of the mailing list and a dozen other decisions all have tax implications. This session will review governance decisions with tax implications and provide guidance on avoiding tax pitfalls. Paula Cozzi Goedert Barnes & Thornburg LLP
11:00 a.m.–11:15 a.m. Break 11:15 a.m.–12:00 p.m. Concurrent Workshops— Choose One I. Illinois Attorney General’s Charitable Trust Bureau Update • Compliance and reporting requirements
• Litigation matters and concerns Therese Harris Chief, Charitable Trust Bureau, Office of the Illinois Attorney General Moderator: Floyd D. Perkins Ungaretti & Harris LLP
II. Recent Developments in Employment Law • This session will discuss what
is new and noteworthy in the employment law arena and offers guidance on how not-for-profit organizations can avoid risk in these changing times. Richard J. Gonzalez Clinical Professor of Law IIT Chicago-Kent College of Law
III. Audit and Accounting Update • This session will discuss
recent accounting and audit developments of interest to not-for-profit organizations. It will also review ongoing FASB projects that could have a significant impact on not-for-profit accounting and financial reporting. Thomas Brean Grant Thornton LLP
12:00 p.m.–1:00 p.m. Buffet Luncheon 12:15 p.m.–1:00 p.m. Luncheon Topics I. Cause-Related Marketing, Commercial Co-Ventures, and the New Era of Multi- State Fundraising • Legal requirements imposed on
nonprofits and for-profit companies conducting charitable co-venture promotions
• Negotiating charitable promotion agreements with for-profit partners
• Managing multi-state compliance considerations in commercial co-ventures
• Identifying federal tax and other legal implications in commercial co-ventures and cause-related marketing Brian D. Fergemann Winston & Strawn LLP Ryan K. Oberly Wagenmaker & Oberly LLC
II. Advanced Private Foundation Issues • This session will address
expenditure responsibility, international grantmaking issues (including equivalency determinations), program-related investments, complex self-dealing issues, and more. Jodi Patt Pellettiere Quarles & Brady LLP Amanda K. Blaising Quarles & Brady LLP
III. Top 10 IP Pitfalls of Not-For- Profits • Misconceptions and incorrect
assumptions can lead many not-for-profits to ignore certain intellectual property rights (patents, trademarks, copyrights, and trade secrets) until it is too late. This session will focus on those IP pitfalls particularly applicable to not-for-profit organizations. Roger H. Stein Ungaretti & Harris LLP
1:00 p.m.–2:15 p.m. Concurrent Workshops— Choose One I. Affordable Care Act Update • This session provides an overview
of the recently finalized regulations impacting the employer mandate under the ACA and what steps employers need to take to ensure compliance. Kevin P. Shimkus Deloitte Tax LLP
John L. Barlament Quarles & Brady LLP
II. Acquisitions, Operations, ADA, and Insurance Issues This panel will discuss a range of issues raised and potential problems when a not-for-profit organization acquires space (by lease or purchase) and conducts its charitable activities, including: • Practical considerations when
choosing a location, leasing or purchasing offices or other facilities, and operating its programs
• Necessary insurance coverage, including general liability, property & casualty, workers compensation, automobiles, and D & O
• ADA premises and operational issues, including ingress, egress, path of travel, and employee and client accommodations David S. Chernoff Associate General Counsel (retired), The John D. and Catherine T. MacArthur Foundation Allen K. Flagler, Jr. The Flagler Agency Inc. Richard J. Gonzalez Clinical Professor of Law IIT Chicago-Kent College of Law
III. Lobbying and Political Activities in an Election Year
• This session will address the existing and proposed rules on exempt organization lobbying and political activity, as well as strategies for compliance, in light of the recent and ongoing controversy over the scope of existing rules. Michael A. Clark Sidley Austin LLP John Pomeranz Harmon, Curran, Spielberg, & Eisenberg LLP
2:15 p.m.–2:25 p.m. Break 2:25 p.m.–3:40 p.m. Concurrent Workshops— Choose One I. IRS Form 990 Audit Issues and Developments • Two active practitioners, an
attorney and a CPA, will review recent developments involving the IRS focus on IRS Form 990 in approaching audit issues. In addition to looking at changes in the Form 990, the speakers will review recent IRS compliance audits, published guidance, and tax cases which have focused on compensation issues and UBIT impacting nonprofit organizations, religious organizations, universities, and trade associations. Kathryn M. Vanden Berk Bea & VandenBerk Brian T. Whitlock Plante Moran PLLC
II. Key Trends in Nonprofit Law and Governance • This session will offer an update
on nonprofit corporate law and governance developments Michael W. Peregrine McDermott, Will, & Emery LLP
III. Fundamentals of Tax-Exempt Financing • This session will discuss recent
legal and capital markets trends in not-for-profit finance, including the state of the capital markets five years after the crash, the final municipal advisor rule, the recent growth in taxable borrowings and its appeal to many borrowers, other ways to access the floating rate market, including direct lending, floating rate notes, and other similar instruments and the risk of the loss of tax exemption.
Stephen W. Johnson Ziegler David J. Kates Chapman and Cutler LLP
3:40 p.m.–3:50 p.m. Break 3:50 p.m.–4:50 p.m. Concurrent Workshops— Choose One I. Legal Ethics This session will: • Review the most commonly
encountered Rules of Professional Conduct
• Discuss interactively a number of practical hypothetical ethical situations David S. Chernoff Associate General Counsel (retired), The John D. and Catherine T. MacArthur Foundation
II. Tax Reporting Obligations for Foreign Investments • Not-for-profit organizations now
operate in a world transformed by tighter regulations, economic globalization and increased demand worldwide for program services, thus creating opportunities to expand their global reach by addressing critical needs across borders, soliciting financial support outside the organization’s country of incorporation, and investing in foreign financial markets and activities. However, these opportunities bring complex multinational tax implications. This session will address some of the more complex international tax issues regarding U.S. reporting requirements related to foreign activity. Julie Dee Grant Thornton LLP
Program ScheduleProgram Faculty
John L. Barlament, Quarles & Brady LLP Amanda K. Blaising, Quarles & Brady LLP Thomas Brean, Grant Thornton LLP David S. Chernoff, Associate General Counsel (retired), The John D. and Catherine T. MacArthur Foundation Michael A. Clark, Sidley Austin LLP Julie A. Dee, Grant Thornton LLP Brian D. Fergemann, Winston & Strawn LLP Allen K. Flagler, Jr., The Flagler Agency Inc. Paula Cozzi Goedert, Barnes & Thornburg LLP Richard J. Gonzalez, Clinical Professor of Law, IIT Chicago-Kent College of Law Therese Harris, Chief, Charitable Trust Bureau, Office of the Illinois Attorney General Stephen W. Johnson, Ziegler David J. Kates, Chapman and Cutler LLP Suzanne Ross McDowell, Steptoe & Johnson LLP Ryan K. Oberly, Wagenmaker & Oberly LLC Jodi Patt Pellettiere, Quarles & Brady LLP Michael W. Peregrine, McDermott, Will, & Emery LLP Floyd D. Perkins, Ungaretti & Harris LLP John Pomeranz, Harmon, Curran, Spielberg, & Eisenberg LLP Roger H. Stein, Ungaretti & Harris LLP Kevin P. Shimkus, Deloitte Tax LLP Kathryn M. Vanden Berk, Bea & VandenBerk Brian T. Whitlock, Plante Moran PLLC
Advisory Board Andreason L. Brown Chief Financial Officer Donors Forum
David S. Chernoff Associate General Counsel, retired The John D. and Catherine T. MacArthur Foundation Conference Co-Chair
Thomas E. Chomicz Retired Partner Quarles & Brady LLP Conference Co-Chair
Philip N. Hablutzel Professor of Law IIT Chicago-Kent College of Law Faculty Sponsor
Bruce E. Huey Director Friedman & Huey Associates LLP
William I. Miller Office of Chief Counsel, Tax Exempt & Government Entities Internal Revenue Service
Valerie C. Perera Director Office of Continuing Legal and Professional Education IIT Chicago-Kent College of Law
Floyd D. Perkins Partner Ungaretti & Harris LLP
Mary Rauschenberg Tax DirectorDeloitte Tax LLP
Janice E. Rodgers Partner and Chair Tax-Exempt Organizations Team Quarles & Brady LLP Conference Co-Chair
David S. Rosen Senior Vice President, Endowments Jewish United Fund
Brian T. Whitlock Tax Partner Plante Moran PLLC
Suzanne Ross McDowellPartner, Steptoe & Johnson LLP
IRS Focus 2014
OPENING PLENARY SPEAKER:
Thursday, June 5, 2014 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 2014 • This session will review
developments at the IRS in the last year and what we can expect in the coming year, including a discussion of personnel changes, the proposed guidance on the conduct of political activities by social welfare organizations, and the IRS’ priorities for guidance and other projects. Suzanne Ross McDowell Steptoe & Johnson LLP
10:00 a.m.–11:00 a.m. Governance Decisions with Tax Implications • Non-profit boards and staff make
governance decisions in blissful ignorance of their tax implications. Board size and composition, relations with suppliers and partners, the composition of the mission statement, use of the mailing list and a dozen other decisions all have tax implications. This session will review governance decisions with tax implications and provide guidance on avoiding tax pitfalls. Paula Cozzi Goedert Barnes & Thornburg LLP
11:00 a.m.–11:15 a.m. Break 11:15 a.m.–12:00 p.m. Concurrent Workshops— Choose One I. Illinois Attorney General’s Charitable Trust Bureau Update • Compliance and reporting requirements
• Litigation matters and concerns Therese Harris Chief, Charitable Trust Bureau, Office of the Illinois Attorney General Moderator: Floyd D. Perkins Ungaretti & Harris LLP
II. Recent Developments in Employment Law • This session will discuss what
is new and noteworthy in the employment law arena and offers guidance on how not-for-profit organizations can avoid risk in these changing times. Richard J. Gonzalez Clinical Professor of Law IIT Chicago-Kent College of Law
III. Audit and Accounting Update • This session will discuss
recent accounting and audit developments of interest to not-for-profit organizations. It will also review ongoing FASB projects that could have a significant impact on not-for-profit accounting and financial reporting. Thomas Brean Grant Thornton LLP
12:00 p.m.–1:00 p.m. Buffet Luncheon 12:15 p.m.–1:00 p.m. Luncheon Topics I. Cause-Related Marketing, Commercial Co-Ventures, and the New Era of Multi- State Fundraising • Legal requirements imposed on
nonprofits and for-profit companies conducting charitable co-venture promotions
• Negotiating charitable promotion agreements with for-profit partners
• Managing multi-state compliance considerations in commercial co-ventures
• Identifying federal tax and other legal implications in commercial co-ventures and cause-related marketing Brian D. Fergemann Winston & Strawn LLP Ryan K. Oberly Wagenmaker & Oberly LLC
II. Advanced Private Foundation Issues • This session will address
expenditure responsibility, international grantmaking issues (including equivalency determinations), program-related investments, complex self-dealing issues, and more. Jodi Patt Pellettiere Quarles & Brady LLP Amanda K. Blaising Quarles & Brady LLP
III. Top 10 IP Pitfalls of Not-For- Profits • Misconceptions and incorrect
assumptions can lead many not-for-profits to ignore certain intellectual property rights (patents, trademarks, copyrights, and trade secrets) until it is too late. This session will focus on those IP pitfalls particularly applicable to not-for-profit organizations. Roger H. Stein Ungaretti & Harris LLP
1:00 p.m.–2:15 p.m. Concurrent Workshops— Choose One I. Affordable Care Act Update • This session provides an overview
of the recently finalized regulations impacting the employer mandate under the ACA and what steps employers need to take to ensure compliance. Kevin P. Shimkus Deloitte Tax LLP
John L. Barlament Quarles & Brady LLP
II. Acquisitions, Operations, ADA, and Insurance Issues This panel will discuss a range of issues raised and potential problems when a not-for-profit organization acquires space (by lease or purchase) and conducts its charitable activities, including: • Practical considerations when
choosing a location, leasing or purchasing offices or other facilities, and operating its programs
• Necessary insurance coverage, including general liability, property & casualty, workers compensation, automobiles, and D & O
• ADA premises and operational issues, including ingress, egress, path of travel, and employee and client accommodations David S. Chernoff Associate General Counsel (retired), The John D. and Catherine T. MacArthur Foundation Allen K. Flagler, Jr. The Flagler Agency Inc. Richard J. Gonzalez Clinical Professor of Law IIT Chicago-Kent College of Law
III. Lobbying and Political Activities in an Election Year
• This session will address the existing and proposed rules on exempt organization lobbying and political activity, as well as strategies for compliance, in light of the recent and ongoing controversy over the scope of existing rules. Michael A. Clark Sidley Austin LLP John Pomeranz Harmon, Curran, Spielberg, & Eisenberg LLP
2:15 p.m.–2:25 p.m. Break 2:25 p.m.–3:40 p.m. Concurrent Workshops— Choose One I. IRS Form 990 Audit Issues and Developments • Two active practitioners, an
attorney and a CPA, will review recent developments involving the IRS focus on IRS Form 990 in approaching audit issues. In addition to looking at changes in the Form 990, the speakers will review recent IRS compliance audits, published guidance, and tax cases which have focused on compensation issues and UBIT impacting nonprofit organizations, religious organizations, universities, and trade associations. Kathryn M. Vanden Berk Bea & VandenBerk Brian T. Whitlock Plante Moran PLLC
II. Key Trends in Nonprofit Law and Governance • This session will offer an update
on nonprofit corporate law and governance developments Michael W. Peregrine McDermott, Will, & Emery LLP
III. Fundamentals of Tax-Exempt Financing • This session will discuss recent
legal and capital markets trends in not-for-profit finance, including the state of the capital markets five years after the crash, the final municipal advisor rule, the recent growth in taxable borrowings and its appeal to many borrowers, other ways to access the floating rate market, including direct lending, floating rate notes, and other similar instruments and the risk of the loss of tax exemption.
Stephen W. Johnson Ziegler David J. Kates Chapman and Cutler LLP
3:40 p.m.–3:50 p.m. Break 3:50 p.m.–4:50 p.m. Concurrent Workshops— Choose One I. Legal Ethics This session will: • Review the most commonly
encountered Rules of Professional Conduct
• Discuss interactively a number of practical hypothetical ethical situations David S. Chernoff Associate General Counsel (retired), The John D. and Catherine T. MacArthur Foundation
II. Tax Reporting Obligations for Foreign Investments • Not-for-profit organizations now
operate in a world transformed by tighter regulations, economic globalization and increased demand worldwide for program services, thus creating opportunities to expand their global reach by addressing critical needs across borders, soliciting financial support outside the organization’s country of incorporation, and investing in foreign financial markets and activities. However, these opportunities bring complex multinational tax implications. This session will address some of the more complex international tax issues regarding U.S. reporting requirements related to foreign activity. Julie Dee Grant Thornton LLP
Program ScheduleProgram Faculty
John L. Barlament, Quarles & Brady LLP Amanda K. Blaising, Quarles & Brady LLP Thomas Brean, Grant Thornton LLP David S. Chernoff, Associate General Counsel (retired), The John D. and Catherine T. MacArthur Foundation Michael A. Clark, Sidley Austin LLP Julie A. Dee, Grant Thornton LLP Brian D. Fergemann, Winston & Strawn LLP Allen K. Flagler, Jr., The Flagler Agency Inc. Paula Cozzi Goedert, Barnes & Thornburg LLP Richard J. Gonzalez, Clinical Professor of Law, IIT Chicago-Kent College of Law Therese Harris, Chief, Charitable Trust Bureau, Office of the Illinois Attorney General Stephen W. Johnson, Ziegler David J. Kates, Chapman and Cutler LLP Suzanne Ross McDowell, Steptoe & Johnson LLP Ryan K. Oberly, Wagenmaker & Oberly LLC Jodi Patt Pellettiere, Quarles & Brady LLP Michael W. Peregrine, McDermott, Will, & Emery LLP Floyd D. Perkins, Ungaretti & Harris LLP John Pomeranz, Harmon, Curran, Spielberg, & Eisenberg LLP Roger H. Stein, Ungaretti & Harris LLP Kevin P. Shimkus, Deloitte Tax LLP Kathryn M. Vanden Berk, Bea & VandenBerk Brian T. Whitlock, Plante Moran PLLC
Advisory Board Andreason L. Brown Chief Financial Officer Donors Forum
David S. Chernoff Associate General Counsel, retired The John D. and Catherine T. MacArthur Foundation Conference Co-Chair
Thomas E. Chomicz Retired Partner Quarles & Brady LLP Conference Co-Chair
Philip N. Hablutzel Professor of Law IIT Chicago-Kent College of Law Faculty Sponsor
Bruce E. Huey Director Friedman & Huey Associates LLP
William I. Miller Office of Chief Counsel, Tax Exempt & Government Entities Internal Revenue Service
Valerie C. Perera Director Office of Continuing Legal and Professional Education IIT Chicago-Kent College of Law
Floyd D. Perkins Partner Ungaretti & Harris LLP
Mary Rauschenberg Tax DirectorDeloitte Tax LLP
Janice E. Rodgers Partner and Chair Tax-Exempt Organizations Team Quarles & Brady LLP Conference Co-Chair
David S. Rosen Senior Vice President, Endowments Jewish United Fund
Brian T. Whitlock Tax Partner Plante Moran PLLC
Suzanne Ross McDowellPartner, Steptoe & Johnson LLP
IRS Focus 2014
OPENING PLENARY SPEAKER:
Thursday, June 5, 2014 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 2014 • This session will review
developments at the IRS in the last year and what we can expect in the coming year, including a discussion of personnel changes, the proposed guidance on the conduct of political activities by social welfare organizations, and the IRS’ priorities for guidance and other projects. Suzanne Ross McDowell Steptoe & Johnson LLP
10:00 a.m.–11:00 a.m. Governance Decisions with Tax Implications • Non-profit boards and staff make
governance decisions in blissful ignorance of their tax implications. Board size and composition, relations with suppliers and partners, the composition of the mission statement, use of the mailing list and a dozen other decisions all have tax implications. This session will review governance decisions with tax implications and provide guidance on avoiding tax pitfalls. Paula Cozzi Goedert Barnes & Thornburg LLP
11:00 a.m.–11:15 a.m. Break 11:15 a.m.–12:00 p.m. Concurrent Workshops— Choose One I. Illinois Attorney General’s Charitable Trust Bureau Update • Compliance and reporting requirements
• Litigation matters and concerns Therese Harris Chief, Charitable Trust Bureau, Office of the Illinois Attorney General Moderator: Floyd D. Perkins Ungaretti & Harris LLP
II. Recent Developments in Employment Law • This session will discuss what
is new and noteworthy in the employment law arena and offers guidance on how not-for-profit organizations can avoid risk in these changing times. Richard J. Gonzalez Clinical Professor of Law IIT Chicago-Kent College of Law
III. Audit and Accounting Update • This session will discuss
recent accounting and audit developments of interest to not-for-profit organizations. It will also review ongoing FASB projects that could have a significant impact on not-for-profit accounting and financial reporting. Thomas Brean Grant Thornton LLP
12:00 p.m.–1:00 p.m. Buffet Luncheon 12:15 p.m.–1:00 p.m. Luncheon Topics I. Cause-Related Marketing, Commercial Co-Ventures, and the New Era of Multi- State Fundraising • Legal requirements imposed on
nonprofits and for-profit companies conducting charitable co-venture promotions
• Negotiating charitable promotion agreements with for-profit partners
• Managing multi-state compliance considerations in commercial co-ventures
• Identifying federal tax and other legal implications in commercial co-ventures and cause-related marketing Brian D. Fergemann Winston & Strawn LLP Ryan K. Oberly Wagenmaker & Oberly LLC
II. Advanced Private Foundation Issues • This session will address
expenditure responsibility, international grantmaking issues (including equivalency determinations), program-related investments, complex self-dealing issues, and more. Jodi Patt Pellettiere Quarles & Brady LLP Amanda K. Blaising Quarles & Brady LLP
III. Top 10 IP Pitfalls of Not-For- Profits • Misconceptions and incorrect
assumptions can lead many not-for-profits to ignore certain intellectual property rights (patents, trademarks, copyrights, and trade secrets) until it is too late. This session will focus on those IP pitfalls particularly applicable to not-for-profit organizations. Roger H. Stein Ungaretti & Harris LLP
1:00 p.m.–2:15 p.m. Concurrent Workshops— Choose One I. Affordable Care Act Update • This session provides an overview
of the recently finalized regulations impacting the employer mandate under the ACA and what steps employers need to take to ensure compliance. Kevin P. Shimkus Deloitte Tax LLP
John L. Barlament Quarles & Brady LLP
II. Acquisitions, Operations, ADA, and Insurance Issues This panel will discuss a range of issues raised and potential problems when a not-for-profit organization acquires space (by lease or purchase) and conducts its charitable activities, including: • Practical considerations when
choosing a location, leasing or purchasing offices or other facilities, and operating its programs
• Necessary insurance coverage, including general liability, property & casualty, workers compensation, automobiles, and D & O
• ADA premises and operational issues, including ingress, egress, path of travel, and employee and client accommodations David S. Chernoff Associate General Counsel (retired), The John D. and Catherine T. MacArthur Foundation Allen K. Flagler, Jr. The Flagler Agency Inc. Richard J. Gonzalez Clinical Professor of Law IIT Chicago-Kent College of Law
III. Lobbying and Political Activities in an Election Year
• This session will address the existing and proposed rules on exempt organization lobbying and political activity, as well as strategies for compliance, in light of the recent and ongoing controversy over the scope of existing rules. Michael A. Clark Sidley Austin LLP John Pomeranz Harmon, Curran, Spielberg, & Eisenberg LLP
2:15 p.m.–2:25 p.m. Break 2:25 p.m.–3:40 p.m. Concurrent Workshops— Choose One I. IRS Form 990 Audit Issues and Developments • Two active practitioners, an
attorney and a CPA, will review recent developments involving the IRS focus on IRS Form 990 in approaching audit issues. In addition to looking at changes in the Form 990, the speakers will review recent IRS compliance audits, published guidance, and tax cases which have focused on compensation issues and UBIT impacting nonprofit organizations, religious organizations, universities, and trade associations. Kathryn M. Vanden Berk Bea & VandenBerk Brian T. Whitlock Plante Moran PLLC
II. Key Trends in Nonprofit Law and Governance • This session will offer an update
on nonprofit corporate law and governance developments Michael W. Peregrine McDermott, Will, & Emery LLP
III. Fundamentals of Tax-Exempt Financing • This session will discuss recent
legal and capital markets trends in not-for-profit finance, including the state of the capital markets five years after the crash, the final municipal advisor rule, the recent growth in taxable borrowings and its appeal to many borrowers, other ways to access the floating rate market, including direct lending, floating rate notes, and other similar instruments and the risk of the loss of tax exemption.
Stephen W. Johnson Ziegler David J. Kates Chapman and Cutler LLP
3:40 p.m.–3:50 p.m. Break 3:50 p.m.–4:50 p.m. Concurrent Workshops— Choose One I. Legal Ethics This session will: • Review the most commonly
encountered Rules of Professional Conduct
• Discuss interactively a number of practical hypothetical ethical situations David S. Chernoff Associate General Counsel (retired), The John D. and Catherine T. MacArthur Foundation
II. Tax Reporting Obligations for Foreign Investments • Not-for-profit organizations now
operate in a world transformed by tighter regulations, economic globalization and increased demand worldwide for program services, thus creating opportunities to expand their global reach by addressing critical needs across borders, soliciting financial support outside the organization’s country of incorporation, and investing in foreign financial markets and activities. However, these opportunities bring complex multinational tax implications. This session will address some of the more complex international tax issues regarding U.S. reporting requirements related to foreign activity. Julie Dee Grant Thornton LLP
Program ScheduleProgram Faculty
John L. Barlament, Quarles & Brady LLP Amanda K. Blaising, Quarles & Brady LLP Thomas Brean, Grant Thornton LLP David S. Chernoff, Associate General Counsel (retired), The John D. and Catherine T. MacArthur Foundation Michael A. Clark, Sidley Austin LLP Julie A. Dee, Grant Thornton LLP Brian D. Fergemann, Winston & Strawn LLP Allen K. Flagler, Jr., The Flagler Agency Inc. Paula Cozzi Goedert, Barnes & Thornburg LLP Richard J. Gonzalez, Clinical Professor of Law, IIT Chicago-Kent College of Law Therese Harris, Chief, Charitable Trust Bureau, Office of the Illinois Attorney General Stephen W. Johnson, Ziegler David J. Kates, Chapman and Cutler LLP Suzanne Ross McDowell, Steptoe & Johnson LLP Ryan K. Oberly, Wagenmaker & Oberly LLC Jodi Patt Pellettiere, Quarles & Brady LLP Michael W. Peregrine, McDermott, Will, & Emery LLP Floyd D. Perkins, Ungaretti & Harris LLP John Pomeranz, Harmon, Curran, Spielberg, & Eisenberg LLP Roger H. Stein, Ungaretti & Harris LLP Kevin P. Shimkus, Deloitte Tax LLP Kathryn M. Vanden Berk, Bea & VandenBerk Brian T. Whitlock, Plante Moran PLLC
Advisory Board Andreason L. Brown Chief Financial Officer Donors Forum
David S. Chernoff Associate General Counsel, retired The John D. and Catherine T. MacArthur Foundation Conference Co-Chair
Thomas E. Chomicz Retired Partner Quarles & Brady LLP Conference Co-Chair
Philip N. Hablutzel Professor of Law IIT Chicago-Kent College of Law Faculty Sponsor
Bruce E. Huey Director Friedman & Huey Associates LLP
William I. Miller Office of Chief Counsel, Tax Exempt & Government Entities Internal Revenue Service
Valerie C. Perera Director Office of Continuing Legal and Professional Education IIT Chicago-Kent College of Law
Floyd D. Perkins Partner Ungaretti & Harris LLP
Mary Rauschenberg Tax DirectorDeloitte Tax LLP
Janice E. Rodgers Partner and Chair Tax-Exempt Organizations Team Quarles & Brady LLP Conference Co-Chair
David S. Rosen Senior Vice President, Endowments Jewish United Fund
Brian T. Whitlock Tax Partner Plante Moran PLLC
Suzanne Ross McDowellPartner, Steptoe & Johnson LLP
IRS Focus 2014
OPENING PLENARY SPEAKER:
Registration Form: Not-For-Profit Organizations Thursday, June 5, 2014 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 College of Law 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: IIT 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 IIT Chicago-Kent College of Law, 565 West Adams Street in Chicago. Confirmation of Registration A 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 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 8, 2014; 25% will be charged if notification is received between May 8 and May 29, 2014. No refunds will be granted after May 29, 2014.
MCLE Credit IIT Chicago-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 final 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, IIT Chicago-Kent College of Law, (312) 906-5090, or send an email to [email protected]. CPE Credit 8.0 hours on a “50-minute” credit hour. IIT 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 Crowne Plaza Chicago Metro. The room rate at the Crowne Plaza Chicago Metro is $189 for single or double occupancy, plus 16.4% tax. The Crowne is located four blocks west of the law school within easy walking distance. Please make reservations directly with the hotel. Requests for accommodations cannot be assured if made after May 6, 2014.
To Make Reservations: Crowne Plaza Chicago Metro 733 W. Madison Street Chicago, IL 60601 (312) 829-5000 Voice (312) 602-2180 Fax www.crowneplaza.com/chicagometro When booking online enter group code: NP6
Please mention to the hotel reservation receptionist that you are with the IIT Chicago-Kent College of Law Conference on Not-For-Profit Organizations.
Registration Fee (per person)
Early Registration Fee: $220 After May 16, 2014: $250 (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 • Experienced Attorneys • Experienced Accountants • Experienced Not-For-Profit Organizations Staff • Experienced Advisors of Not-For-Profit Organizations
33rd
ann
ual C
onfe
renc
e on
N
ot-F
or-P
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Org
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atio
ns
Thur
sday
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014
565
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et
Chi
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, Illi
nois
606
61
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-Pro
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Perm
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706
IIT Chicago-Kent College of Law presents the 33rd annual Conference on Not-For-Profit Organizations Thursday, June 5, 2014 In Cooperation with: Donors Forum Illinois CPA Society
Highlights
• IRS Focus 2014, featuring Suzanne Ross McDowell, Steptoe & Johnson LLP• Governance Decisions with Tax Implications• Illinois Attorney General’s Charitable Trust Bureau Update• Recent Developments in Employment Law• Audit and Accounting Update
• Cause-Related Marketing, Commercial Co-Ventures, and the New Era of Multi-State Fundraising• Advanced Private Foundation Issues• Top 10 IP Pitfalls of Not-For-Profits• Affordable Care Act Update• Acquisitions, Operations, ADA, and Insurance Issues• Lobbying and Political Activities in an Election Year• IRS Form 990 Audit Issues and Developments• Key Trends in Nonprofit Law and Governance• Fundamentals of Tax-Exempt Financing• Legal Ethics• Tax Reporting Obligations for Foreign Investments
Continuing Legal Education
Registration Form: Not-For-Profit Organizations Thursday, June 5, 2014 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 College of Law 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: IIT 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 IIT Chicago-Kent College of Law, 565 West Adams Street in Chicago. Confirmation of Registration A 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 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 8, 2014; 25% will be charged if notification is received between May 8 and May 29, 2014. No refunds will be granted after May 29, 2014.
MCLE Credit IIT Chicago-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 final 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, IIT Chicago-Kent College of Law, (312) 906-5090, or send an email to [email protected]. CPE Credit 8.0 hours on a “50-minute” credit hour. IIT 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 Crowne Plaza Chicago Metro. The room rate at the Crowne Plaza Chicago Metro is $189 for single or double occupancy, plus 16.4% tax. The Crowne is located four blocks west of the law school within easy walking distance. Please make reservations directly with the hotel. Requests for accommodations cannot be assured if made after May 6, 2014.
To Make Reservations: Crowne Plaza Chicago Metro 733 W. Madison Street Chicago, IL 60601 (312) 829-5000 Voice (312) 602-2180 Fax www.crowneplaza.com/chicagometro When booking online enter group code: NP6
Please mention to the hotel reservation receptionist that you are with the IIT Chicago-Kent College of Law Conference on Not-For-Profit Organizations.
Registration Fee (per person)
Early Registration Fee: $220 After May 16, 2014: $250 (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 • Experienced Attorneys • Experienced Accountants • Experienced Not-For-Profit Organizations Staff • Experienced Advisors of Not-For-Profit Organizations
33rd
ann
ual C
onfe
renc
e on
N
ot-F
or-P
rofit
Org
aniz
atio
ns
Thur
sday
June
5, 2
014
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
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IIT Chicago-Kent College of Law presents the 33rd annual Conference on Not-For-Profit Organizations Thursday, June 5, 2014 In Cooperation with: Donors Forum Illinois CPA Society
Highlights
• IRS Focus 2014, featuring Suzanne Ross McDowell, Steptoe & Johnson LLP• Governance Decisions with Tax Implications• Illinois Attorney General’s Charitable Trust Bureau Update• Recent Developments in Employment Law• Audit and Accounting Update
• Cause-Related Marketing, Commercial Co-Ventures, and the New Era of Multi-State Fundraising• Advanced Private Foundation Issues• Top 10 IP Pitfalls of Not-For-Profits• Affordable Care Act Update• Acquisitions, Operations, ADA, and Insurance Issues• Lobbying and Political Activities in an Election Year• IRS Form 990 Audit Issues and Developments• Key Trends in Nonprofit Law and Governance• Fundamentals of Tax-Exempt Financing• Legal Ethics• Tax Reporting Obligations for Foreign Investments
Continuing Legal Education