Monthly Meeting - Not Your Parents' IRA: The Rise of Complex Assets/Impact for Charity

Not Your Parents' IRA: The Rise of Complex Assets/Impact for Charity

Charitable IRA beneficiary designations are a growing share of planned gifts. What's inside most of those IRAs today may bear little resemblance to what future IRAs hold. Welcome to the wild and wooly world of self-directed IRAs (SDIRAs). Though "only" a several hundred-billion-dollar slice of the multi-trillion-dollar IRA market, what happens if your charity accepts an IRA full of illiquid assets, or one with an LLC, which in turn holds dozens of illiquid investments? And even if you know what's inside, are you prepared for liquidation challenges, UBTI and UDFI (Unrelated Debt Finance Income) considerations too? This presentation will trace the IRA from its humble 70s roots through the Secure Act 2.0; outline how the SDIRA industry has exploded as investment options have proliferated; and highlight a cascade of considerations for charity, the IRA and the IRA account owner too.

PGFGS Member: $15
Non Member: $20

(No recording will be available.)

Grant Whitney, Managing Director for Mass General Hospital

Grant previously served Harvard University's Faculty of Arts & Sciences for almost 21 years and applies a background in alternative dispute resolution to philanthropic planning. In addition to frontline work completing irrevocable and revocable gifts, he led Harvard’s John Harvard Society, the University’s largest planned gift recognition effort. In the University's $9.2 billion campaign (2018), he managed initiatives that led to more than 1,000 alumni and friends becoming new John Harvard Society members. A past member of the CGP national board, Grant is a member of the CGP Speakers Bureau and the '22-'23 CGP Mentor Panel.