Donating Do’s and Don’ts: Putting Genero$ity to the Te$t
Thomas J. Pauloski, J.D.
October 7, 2020
In this compendium of advanced charitable planning case studies, Tom Pauloski, National Managing Director of Bernstein’s Wealth Planning and Analysis Group, explores how goal-based, quantitative planning can enhance charitable and personal wealth. Cases include (i) how to develop a public charity’s investment and spending policies; (ii) when to use—and when to avoid—charitable remainder trusts (CRTs); (iii) whether designating a CRT as beneficiary of an individual retirement account (IRA) might be superior to designating a family member directly; and (iv) how charitable lead annuity trusts (CLATs) should be structured in a challenging capital market environment. Tom will use sophisticated wealth forecasting software to highlight key findings. As an added bonus, Tom will discuss Facebook founder Mark Zuckerberg’s recently announced “virtual foundation” and the extent to which that strategy may have broad appeal among millennials.
This program has been approved for 1 CFRE credit.
THOMAS J. PAULOSKI is National Managing Director for Wealth Planning and Analysis, the research division of Bernstein Private Wealth Management’s Private Client Group. He works with private clients and their advisors on wealth transfer strategies, focusing on tax-efficient wealth management and asset allocation decisions. Previously, Tom was a partner at the Chicago law firm of Winston & Strawn LLP, where he concentrated his practice in estate, tax, and business planning. Tom also has been a member of the Chicago law firm of Levin & Schreder, Ltd., a Vice President in the Private Client Group of Zurich Life in Long Grove, Illinois, and a partner at the Chicago law firm of Schiff Hardin & Waite. Tom is a nationally known speaker on estate planning, tax, and insurance issues, and has written numerous articles and continuing legal education materials on estate planning topics. He serves on the faculty of the American Bankers Association National Trust and National Graduate Trust Schools, and has served on the adjunct faculty of the Cannon Financial Institute Schools. Tom has been an adjunct professor at Loyola University Chicago School of Law and has taught estate planning classes at Northwestern University Law School. Tom also has served on the editorial board of Trusts & Estates magazine. He retired from the United States Naval Reserve in 2003, after 21 years of service. Tom received his bachelor of science degree in environmental engineering from Northwestern University, and his juris doctor, magna cum laude, from Loyola University Chicago School of Law, where he served as editor-in-chief of the Loyola Law Journal.