Friday, October 20 

8:45AM - 12:30PM

Exempt Organizations

Chair:  LaVerne Woods, Davis Wright Tremaine LLP, Seattle, WA

8:45am            Committee Business.

9:00am            News from the IRS and Department of Treasury.  Representatives from the TE/GE Division of IRS and from the Department of Treasury will speak on recent developments and pending guidance. Moderator:  LaVerne Woods, Davis Wright Tremaine LLP, Seattle, WA.  Panelists: Lois G. Lerner, Director, Exempt Organizations, IRS, Washington, DC; Eric San Juan, Attorney Advisor, Office of Legislative Counsel, Department of Treasury, Washington, DC.

11:00am          Task Force Report:  Comments on Exposure Draft of Proposed Model Nonprofit Corporation Act, Third Edition.  This panel will report on the Committee''s comments to the Drafting Committee of the Committee on Nonprofit Corporations of the ABA Section on Business Law.  Panelists: David Shevlin, Simpson Thacher & Bartlett, New York, NY; Frederick J. Gerhart, Dechert LLP, Philadelphia, PA; Robert A. Wexler, Silk Adler & Colvin, San Francisco, CA. 

11:30am           Intermediate Sanctions:  Implications of Caracci.  This panel will discuss the implications of the recent 5th Circuit reversal of the Tax Court’s Caracci decision and, in particular, the court’s criticism of the IRS’s valuation   methodology.  Moderator:  Christopher M. Jedrey, McDermott Will & Emery, Boston, MA.  Panelists:  David A. Levitt, Silk Adler & Colvin, San Francisco, CA; Douglas M. Mancino, McDermott Will & Emery, Los Angeles, CA.

1:45PM - 3:45PM

Exempt Organizations and Charitable Planning and Exempt Organizations Committee (PT)

Exempt Organizations Chair(Tax):  LaVerne Woods, Davis Wright Tremaine LLP, Seattle, WA

Charitable Planning and Exempt Organizations Chair (PT):   Carol G. Kroch, Wilmington Trust Company, Wilmington, DE

1:45pm             Exempt Organizations and Charitable Giving after the Pension Protection Act of 2006:  What Has Changed?   This panel will discuss highlights of the significant legislation passed in August 2006.  Moderator:  Carolyn O. Ward,   Morgan Lewis & Bockius LLP, Washington, DC.  Panelists:  Eric San Juan, Attorney Advisor, Office of Legislative Counsel, Department of Treasury, Washington, DC; Andrew  Schulz, Council on Foundations, Washington, DC; Mary Lee Turk, McDermott Will & Emery, Chicago, IL.

2:30pm             Task Force Report:  Tax Shelters and Tax-Exempt Organizations.  New Code section 4965 imposes penalties on exempt organizations that are parties to prohibited tax shelter transactions.  This panel will take an initial look at what the new law means for exempt organizations.  The panel will also explore in depth the various arrangements under which exempt organizations hold interests in life insurance contracts. Moderator: Douglas M. Mancino, McDermott WIll & Emery, Los Angeles, CA. Panelists: Professor Frances R. Hill, University of Miami Law School, Coral Gables, FL; Michael A. Clark, Sidley Austin LLP, Chicago, IL; Jerry J. McCoy, Law Office of Jerry J. McCoy, Washington, DC; Anita C. Soucy, Attorney Advisor, Office of Tax Policy, Department of Treasury, Washington, DC. 

3:30pm             Anatomy of a Charitable Gift - Perspectives from Donors, Donees, and Others.  A charitable gift may raise different issues for various participants -- the donor, the donee, the trustee (if any), federal and state regulators, and others.  The panel will discuss proposed gifts from a variety of perspectives.  Moderator:  Jerry J. McCoy, Law Office of Jerry J. McCoy, Washington, DC. Panelists: Betsey Mangone, The Denver Foundation, Denver, CO; Alan Rothschild, Hatcher Stubbs Land Hollis & Rothschild, Columbus, GA.

4:30pm             Cash Bar.