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myCPE

Ten Common Charitable Giving Mistakes Made by Donors or Their Advisors … and How to Avoid Them 1 Credit

Sep 18, 2024, 04:00 PM ET

Ten Common Charitable Giving Mistakes Made by Donors or Their Advisors … and How to Avoid Them 1 Credit

  • Rating

    4.6
  • Reviewed on

    March, 2024
  • Subject Area

    Specialized Knowledge

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Sep 18, 2024, 04:00 PM ET

Learning Objective

  • To identify and explain ten common charitable giving mistakes made by donors or their advisors.
  • To analyze the considerations surrounding non-cash asset disposal in charitable giving scenarios.
  • To discuss the complexities and strategies involved in timing charitable gifts, especially concerning the sale of businesses or major assets.
  • To explain the significance of engaging the next generation in philanthropic discussions and its impact on charitable planning.
  • To identify the benefits and complexities of Roth IRA conversions for charitable giving, emphasizing tax implications and optimal strategies.

Course Overview

Unlock the intricacies of charitable giving pitfalls with our comprehensive CPE course Led by Richard Peck and Theresa M. Curry. It delves deep into critical errors made by advisors and their clients. Explore proactive strategies, educational initiatives, and the art of rectifying these missteps to elevate your practice and client relationships.

Through this specialized course, identify misjudgments such as the exclusive focus on Donor-Advised Funds (DAFs), oversight in addressing the disposal of non-cash assets, and the timing complexities surrounding charitable gifts. Gain insights into navigating real estate donations, utilizing Qualified Charitable Distributions (QCDs), and crafting effective language for bequests. Learn the art of engaging the next generation, maximizing Roth conversions for charitable giving, and the impact of failing to update plans regularly.

Major topics covered in this webinar:

  • Avoid common charitable giving mistakes, including over-relying on Donor-Advised Funds (DAFs).
  • Address disposal of non-cash assets and navigate timing complexities in charitable gifts.
  • Explore strategies and considerations for real estate donations.
  • Utilize Qualified Charitable Distributions (QCDs) and craft effective bequest language.
  • Engage the next generation in philanthropy and maximize Roth conversions for charitable giving.
  • Regularly update your charitable giving plan for optimal effectiveness.

Master industry insights and case studies to fortify your advisory role and expand your clientele in charitable planning. Elevate your practice with our CPE course, turning pitfalls into opportunities for your clients' lasting legacies. Join today to unlock the power of informed charitable planning.

Podcast Credits

Short Video Credits

On Demand Credits

Live Credits

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Additional Information

Credit

1

Course Level

Basic

Instructional Method

QAS Self Study
Group Internet Based

Pre-requisites

None

Advance Preparation

None

NASBA APPROVED

MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478

MY-CPE LLC (Sponsor Id#: 143597) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors.

About Instructor

Richard Peck
Richard Peck

Founder, Richard C. Peck Consulting, LLC

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Richard “Rick” Peck is an independent philanthropy advisor with Richard C. Peck Consulting, LLC and founder of The Philanthropy Guy, a leading-edge charitable giving resource hub featuring a podcast series, interactive website, learning opportunities, and book.

For the past six years, until March of 2023, Rick led the New Hampshire Charitable Foundation’s philanthropy and donor services team, overseeing all aspects of development, donor engagement and donor services.

Before joining this statewide community foundation, Rick served Dartmouth-Hitchcock Health and the Geisel School of Medicine at Dartmouth College as director of individual giving and gift planning, where he worked with grateful patients and families as well as medical school alumni to achieve their philanthropic goals.  He also served Dartmouth College as an associate director of gift planning, working with alumni of the undergraduate college.

Rick is a Certified Financial Planner®, a Chartered Advisor in Philanthropy® and a Chartered Financial Consultant®.  He holds an MBA from Baker College in Michigan and a BA from the University of Massachusetts.

On Demand FAQs

What is Self Study (QAS)?

Self Study QAS (Quality Assurance Service) is a NASBA and other regulatory bodies approved program designed for Professionals to complete their Continuing Professional Education credits through self-paced, interactive courses that meet the highest standards of quality and compliance. We are approved by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies.

How do I earn CPE credits through self-study?

To earn CPE credits, you must complete the self-study course, pass the required assessments, and submit the necessary documentation. Credits are awarded based on the completion of course hours and successfully passing the assessments.

Are the self-study courses approved by NASBA and other regulatory bodies?

Yes, all our self-study courses are approved by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies, ensuring they meet the rigorous standards for quality and educational content set by these organizations.

What are the requirements to maintain compliance with self-study courses?

To maintain compliance, you must follow the guidelines set by NASBA and other regulatory bodies, which include completing the course within the specified timeframe, passing the assessments, and keeping accurate records of your learning activities.

How can I access my course completion certificates?

After successfully completing a self-study course and passing the assessments, you can access and download your course completion certificates from your account dashboard on our platform. These certificates are recognized by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies for compliance and reporting purposes.

How are credits reported to governing bodies?

We issue instant credit certificates, ensuring they are valid for presentation to governing bodies. Typically, we report IRS, CTEC, CFP, IDFP, IWI, VBOA Ethics credits within 7 days – the fastest in the industry.

Live Webinar FAQs

What is a Live Webinar Group Internet-Based Credit?

A Live Webinar Group Internet-Based Credit is an interactive, real-time online seminar where professionals can earn Continuing Education credits by participating in live sessions led by experts in various fields. These sessions meet the standards set by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies.

How do I earn credits through live webinars?

To earn credits, you must attend the entire live webinar, actively participate in any polls or questions, and complete any required evaluations or assessments. Credits are awarded based on your attendance and participation in the live session.

Are the live webinars approved by NASBA and other regulatory bodies?

Yes, all our live webinars are approved by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies, ensuring they meet the high standards for quality, interactivity, and educational content set by these organizations.

What are the requirements to maintain compliance with live webinar courses?

To maintain compliance, you must adhere to the guidelines set by NASBA and other regulatory bodies, which include attending the full duration of the webinar, participating in interactive elements, and completing any post-webinar evaluations or assessments.

How can I access my webinar completion certificates?

After successfully attending a live webinar and fulfilling all participation requirements, you can access and download your completion certificates from your account dashboard on our platform. These certificates are recognized by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies for compliance and reporting purposes.

How are credits reported to governing bodies?

We issue instant credit certificates, ensuring they are valid for presentation to governing bodies. Typically, we report IRS, CTEC, CFP, IDFP, IWI, VBOA Ethics credits within 7 days – the fastest in the industry.

Ratings and Review

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JM

Jessica Mutch, CPA (US)

It was good, thank you. I couldn't read one of the questions fast enough to give a thoughtful answer, and won't risk missing a poll question. I don't mind, but thought I'd mention it.

TM

Tanner Mccaw, CPA (US)

This webinar was jam packed with great information. The instructor explained everything in an easy to digest manner.

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