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Brigit Kavanagh
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Breakout Session
April 21, 2017 | 12:00 PM

Family Philanthropy Feuds - Dividing the Foundation and More

Brigit Kavanagh, Kavanagh Rhomberg, LLP

Whether it is spouses dissolving their marriage or the second generation siblings who don't agree on much, sometimes it is necessary to divide a family's philanthropy.  The division involves technical questions of federal tax law and often questions of charitable trust.    In this session, we will meet some family archetypes who may be familiar to philanthropic advisors and who will bring to life what might cause a division of a family's philanthropy and highlight some of the key issues involved.     Learning Objectives.  Participants will: 
1. Review the basic legal structure of Private Foundations, Charitable Remainder Trusts, and Charitable Pledges (this will be a fairly high level overview, with the assumption that participants will be generally familiar with these giving forms).  
2. Learn key factors to consider when dividing philanthropy in the contexts of divorcing spouses and disagreeing siblings.  
3.  Learn technical aspects involved in dividing philanthropy (focusing on federal tax matters for private foundations primarily, but also addressing charitable remainder trusts and binding pledge agreements).

        

Brigit Kavanagh is a founding partner of Kavanagh Rhomberg LLP and for over a decade has focused on the laws of nonprofit organizations and charitable gift planning, advising charities, foundations, and their donors on nonprofit tax, trust, and corporate law. Prior to launching Kavanagh Rhomberg LLP, Brigit practiced with the San Francisco law firm of Adler & Colvin, handling a range of matters for public charities, private foundations, and charitable donors.

Brigit has expertise in complex private foundation matters, such as set asides, out of corpus distributions, program related investments, and international grant-making, as well as public charities and charitable gift planning matters, such as endowments, charitable remainder trusts, charitable gift annuities, donor advised funds, and supporting organizations.

Prior to attending law school, Brigit was the director of the land acquisitions and education programs for Save-the-Redwoods League in San Francisco. Brigit also served as a volunteer in the U.S. Peace Corps in Cameroon, where she taught English. Brigit is an adjunct professor at Golden Gate University, where she co-teaches Tax Aspects of Charitable Giving in the LLM in Taxation program. She is also a frequent speaker on topics such as charitable gift planning, endowments, and many aspects of nonprofit and tax-exempt organizations.

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