“Private Foundation Myths and Mysteries” topic of Nov. 5 Charitiable Gift Planners Meeting

The Santa Barbara Council of Charitable Gift Planners (CGP) will host local attorney and expert Michael Schley as the speaker at their meeting on Tuesday, November 5, 2019. The lunch meeting will be held from noon to 1:30 p.m. at Harry’s Plaza Café, 3313 State Street, Santa Barbara. The meeting topic is “Private Foundation Myths and Mysteries.”


The term “foundation” has no legal meaning, but “private foundations” have a special place in tax law.  Mr. Schley will explain what private foundations are (and are not), the types of private foundations, why each might be a desirable or undesirable charitable vehicle, and how an entity might morph from one form to another.


Schley, with the Santa Barbara firm Schley Look Guthrie & Locker LLP, has four decades of experience in corporate law. He advises charities, private foundations and other exempt organizations on corporate governance and tax matters, and has served on the California Bar’s nonprofits committee.  He has helped philanthropic celebrities’ charitable ventures.  He has authored or co-authored a report to Congress on the S&L crisis and articles on banking, business and tax-exempt law, and speaks on these subjects. Schley is a graduate of Hastings College of the Law (1980) and Westmont College (1977 magna cum laude).


Ticket prices are $35 for CGP members and $45 for non-members. On-line reservations are required. Log on to https://sbgiftplanners.org/events. For more information contact Chapter President Rochelle Rose at rrose@sbnature2.org.

The Charitable Gift Planners of Santa Barbara, formerly known as the Planned Giving Round Table of Santa Barbara, is a professional association for non-profit development officers and allied professionals in financial, legal, accounting, and consulting services. The chapter’s purpose is to educate members about charitable gift planning, advance the mission of non-profit organizations, and better serve the philanthropic goals of donors and clients. The local council is affiliated with and a Chapter of the National Association of Charitable Gift Planners.

Educational and networking meetings are held five times a year and are open to members and non-members. For more information visit www.sbgiftplanners.org, email Board President Rochelle Rose at rrose@sbnature2.org, or phone (805) 682-4711 x179.



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