National Foundation Conference 2016

Sailing Crew
  • 2/16/16 – 2/18/16
  • Orlando, FL
  • Hosting

Please join us in Orlando this February to share, learn, and leverage new ideas to better impact the communities you serve. Financial and operations executives from across the country will participate in three days of interactive discussions on topics ranging from risk management to strategic planning at the fourth annual National Foundation Conference.

Conference Information
Date: February 16 – 18, 2016
Location: JW Marriott Orlando Grande Lakes
4040 Central Florida Parkway
Orlando, FL 32837-7662
Registration: $525
Cost includes learning materials, CPE, breakfast, and lunch each day.
Up to 15 hours of CPE available.
Contact: Shana Vachhani
or 612-397-3049


Tuesday, February 16, 2016

8 – 9 a.m.
Registration open (continental breakfast provided)

9 – 9:20 a.m.
Opening remarks

Speaker: Jennifer Tingley

9:20 – 10:30 a.m.
Best Practices in Enterprise Risk Management
Speaker: Jim Kreiser, CliftonLarsonAllen

Risk management takes on many shapes and sizes during these dynamic times of finance, regulations, new products, and technology. Understanding how best to deploy risk management processes within your organization is critical to effective strategic initiatives, successful management and board governance, and executive decision making. Regardless of the framework on risk management within your organization, this session will help convey leading practices in risk functions and enterprise risk management (ERM) models. Efficient and leveraged risk assessment and risk monitoring processes are critical to effective risk management. During this presentation we will review and discuss risk assessment processes, risk quantification activities, and other risk management frameworks and concepts. We will go beyond “what keeps you up at night” and mere questionnaires, but review significant aspects and means to further refine and quantify risk factors and apply those factors to an effective and efficient risk management program. CPE: 1 credit, Specialized Knowledge and Applications

10:30 – 10:40 a.m.

10:40 – 11:30 a.m.
Limited Life Foundations: Managing the Spend-Out Process

Speaker: Joanne Florino, The Philanthropy Roundtable
The decision to spend out the assets of a foundation demands that smart strategies be implemented for the management of communications, facilities, grant making, human resources, and investments. This presentation will review the experiences of several limited life foundations, highlighting what worked and what was most challenging as they prepared to close their doors. CPE: 1 credit, Finance

11:30 a.m. – 12:30 p.m.
Lunch / Roundtable

12:30 – 1:20 p.m.
Governance and Tax Issues Associated with Alternative Investments

Speaker: Karen Gries and Jennifer Tingley, CliftonLarsonAllen
As organizations enter into alternative investments, many consult with an investment advisor to determine the appropriateness for the foundation. This raises a question: Does the foundation adequately address the governance and tax issues associated with the investments? Whether your foundation has recently entered into alternatives or been invested in them for years, this session will provide practical considerations of the governance and tax issues. CPE: 1 credit, Specialized Knowledge and Applications

1:20 – 2:10 p.m.
Audit and Accounting Standards Update

Speaker: Sarah Reichling, CliftonLarsonAllen
Keep abreast of the fast-paced changes in accounting. This comprehensive session will cover all the relevant guidance recently issued in the audit and accounting arenas. CPE: 1 credit, Accounting

2:10 – 2:20 p.m.

2:20 – 3:10 p.m.
Complex Charitable Gifts in Today’s Economic Environment

Speaker: Sue Clark, CliftonLarsonAllen
With the current and future transfer of wealth, now is the time to position your foundation to receive gifts. Although there are tax advantages for donors when they make the decision to gift to a charity compared to an outright sale, there are pitfalls that can impact the recipient organization. This presentation will focus on the tax strategies utilized by donors when structuring gifts of real estate, LLC and partnership interests, S corporation, and closely-held business stock. Also, we will discuss some new twists on old favorites, including early termination of charitable remainder trusts when a client’s financial needs change, and tried and true tax strategies to utilize when interests rate are low. Come ready to learn and ask your difficult questions. CPE: 1 credit, Taxes

3:10 – 4 p.m.
Strategies to Reduce Investment Cost

Speaker: Mark Griffin, CliftonLarsonAllen Wealth Advisors
Over a long period of time the primary determinants of returns will be asset allocations and investment expense. Small changes in investment costs can impact your foundation and your mission. This session will focus on practical strategies to successfully reduce investment costs. CPE: 1 credit, Finance

Wednesday, February 17, 2016

7:15 – 8 a.m.
Continental breakfast (provided)

8 – 8:50 a.m.
Top 10 Tax Considerations Facing Foundations

Speaker: Karen Gries, CliftonLarsonAllen
The tax compliance requirements on tax exempt organizations are enormous and the complexities encountered by foundations can be daunting. This session will provide a top 10 list of tax considerations for your foundation to address. CPE: 1 credit, Taxes

8:50 – 9:40 a.m.
New Technology and Process: Best Practices

Speaker: Deirdre Hodgson, CliftonLarsonAllen
In the fall of 2015, CLA conducted a survey of foundations to explore the technology and process changes they had implemented in recent years. In this session, we will share some of the best practices revealed by foundations nationwide. CPE: 1 credit, Specialized Knowledge and Applications

9:40 – 10 a.m.

10 – 10:50 a.m.
Distractions and Distortions: Tax Reform and Presidential Election Politics in 2016

Speaker: Joanne Florino, The Philanthropy Roundtable
Tax-writing committee leaders in both House and Senate have indicated that they want to use 2016 to prepare for comprehensive tax reform in 2017 and beyond. But such preparation will take place in the context of a hard-fought presidential election campaign in which candidates have their own ideas about revising the tax code. Is there any light at the end of this long, dark, and twisted tunnel? CPE: 1 credit, Taxes

10:50 – 11:40 a.m.
Net Asset Restrictions — Are They Really THAT Different?

Speakers: Heidi Tatro, Sarah Reichling, and Elizabeth Maynard, CliftonLarsonAllen
Why are gifts so complex? Why do donors need to make them so confusing? What classification do I choose to record this gift when there seems to be a gray area? Determining the right classification of a gift instrument would be a piece of cake if they were all the same. Unfortunately, that’s just not the case. This session will cover how to determine where a gift should initially be recorded and how gifts can flow from one restriction to the other. CPE: 1 credit, Accounting

11:40 – 11:50 a.m.

11:50 a.m. – 12:20 p.m.

12:20 – 1:10 p.m.
Lunch and Learn:  Food for Thought
Speaker: Ajay Gupta, Ernst & Young
Organizations in the nonprofit sector have been models of service to local and national communities, using fundraising, advocacy, public relations, and outreach to spread a message or promote a cause. With communities growing more diverse, the types of audiences and the means by which they communicate have expanded, giving nonprofit organizations an opportunity to increase their base of donors and volunteers by strategically leveraging diversity and inclusion (D&I). Our luncheon speaker, Ajay Gupta was born in India and grew up in Africa and England. He trained as an engineer and worked at Rolls Royce designing aircraft engines before receiving an MBA in marketing, finance and management policy. Ajay has led his firm’s D&I initiatives by proactively advancing the careers of women and ethnically diverse employees. He currently co-leads his firm’s initiatives relating to disabilities (diverse abilities) in addition to serving clients in the nonprofit industry. CPE: 1 credit, Personal Development

1:10 – 1:20 p.m.

1:20 – 2:10 p.m.
Increasing Diversity in Your Organization
Speakers: Sarah Curfman and Jackie Unger, CliftonLarsonAllen and panelists
There is a growing belief across the nonprofit sector to look inside and pursue greater diversity among staff, leadership, and boards of nonprofits and foundations. Join us for this interactive lunch and learn session where we will discuss what some top organizations are doing to encourage diversity best practices.  

2:10 – 3 p.m.

Endowment Reporting
Speakers: Jill Schwimmer, University of Minnesota Foundation and Carolyn Buzza, University of Minnesota Foundation

What questions do donors ask about your foundation's endowment performance? How do you address donors' concerns? Learn how endowment reporting can answer donors' frequently asked questions, inspire confidence in your organization, and encourage additional gifts. CPE: 1 credit, Finance

Investment Policy Best Practices for Foundations and Endowments
Speaker: Steven Alexander, The PFM Group

In this session, Mr. Alexander will review investment policy best practices for foundations. The session will cover the key considerations in developing and maintaining a sound investment policy, identifying the important elements to include in order to help ensure prudent oversight and controls in fulfilling the organizational mission and its long-term objectives. The elements reviewed will include: purpose or mission, roles and responsibilities, asset allocation, spending policy and UPMIFA guidelines for endowment funds, investment guidelines, control procedures, among other key elements. CPE: 1 credit, Finance

3 – 3:50 p.m.

State Charitable Solicitations
Speaker: Sarah Else, Clearly Compliant

Nonprofits organizations are an increasingly crucial part of our society, providing help to the needy, funds for good causes, education for living skills, social and medical services, environmental advocacy, and list goes on. However, today’s powerful accountability pressures require careful analysis and planning by nonprofit organizations. Thirty-nine states and the District of Columbia have laws governing charitable solicitations. Compliance requirement is key, whether your solicitations are conducted within a community foundation, college/university foundation, private foundation, or other similar organization. This presentation will focus on charitable solicitation registration requirements and exemption opportunities, drilling into the specifics that may impact your foundation. CPE: 1 credit, Specialized Knowledge and Applications

The Foundation of the Future: Developing Success with Multi-Year Grants
Speaker: Heidi Jark, The Foundation Office at Fifth Third Bank

This session will explore common mistakes when making multi-year grants. From reviewing the application to the evaluation process, it’s all about accountability. CPE: 1 credit, Specialized Knowledge and Applications

3:50 – 4 p.m.

4 – 4:50 p.m.

Common Legal Issues and Traps for the Unwary Nonprofit Board Member
Speaker: Cristin C. Keane, Carlton Fields

Tax-exempt organizations are often so involved in the fulfillment of their mission that common legal issues may go unnoticed or unaddressed. This session discusses certain issues that crop up again and again for these organizations — particularly those recognized as exempt under IRS code 501(c)(3) — and offers practical ways to identify and address them. CPE: 1 credit, Business Law

Investment Strategy Thoughts for Endowments and Foundations
Speaker: Khalid Yasin of PFM Asset Management LLC
This session will review various important investment strategy considerations for institutional investors, including the importance of the asset allocation decision, discussing strategic vs. tactical asset allocation, active vs. passive management, the role of alternative investments, discretionary vs. non-discretionary advice, potential conflicts of interests, and the implications of hidden fees on the stewardship of funds. Attendees of this session should walk away with a good understanding of some important investment strategy considerations. CPE: 1 credit, Finance

5:30 – 7 p.m.

Thursday, February 18, 2016

8:15 – 9 a.m.
Breakfast (provided)

9 – 9:50 a.m.
What Would You Do? A Workshop on Critical Foundation Legal Issues

Speakers: Laura Solomon and Katherine Breslin, Laura Solomon and Associates
Join this interactive and fun workshop to test your knowledge of some of the most important legal and tax issues currently facing foundations and their managers. Laura Solomon, Esq. and Katherine Breslin, Esq. will use case studies from their legal practice to highlight: adventures in navigating sensitive relationships with founders and families; frequent and common self-dealing pitfalls; challenges in honoring donor intent; the myriad responsibilities in disclosing and reporting embezzlement and other misuses of charitable funds; unique considerations in funding nonprofit collaborations; cautionary tales of alternative investments; and opportunities and risks in funding social enterprise grants. CPE: 1 credit, Business Law

9:50 – 10 a.m.

10 – 11 a.m.
Keynote Address

Dan Pallotta, Entrepreneur, Author, and Humanitarian Activist
Dan Pallotta is best known for his involvement in multi-day charitable events such as the long-distance Breast Cancer 3-Day walks, AIDS Rides bicycle journeys, and Out of the Darkness suicide prevention night walks. He is the author of Uncharitable: How Restraints on Nonprofits Undermine Their Potential, the best-selling title in the history of Tufts University Press. He is also the author of Charity Case: How the Nonprofit Community Can Stand Up for Itself and Really Change the World, and When Your Moment Comes: A Guide to Fulfilling Your Dreams. Pallotta is the president of Advertising for Humanity, president and founder of the Charity Defense Council, and a featured contributor to Harvard Business Review online. CPE: 1 credit, Professional Development

11 – 11:15 a.m.

11:15 – 11:30 a.m.
Closing remarks