Charitable Strategies for Business Owners
Charitable Strategies for Business Owners by Stephanie Buckley
Many successful business owners engage in philanthropy, particularly upon the sale of their business. Utilizing charitable strategies at the time of sale can provides the business owner with several benefits while allowing him or her to support one or more charitable causes. One of the main benefits include the mitigation and/or deferral of capital gains tax on sale and depending on the strategy selected, can also include a lifetime income stream. In this session, Ms. Buckley will discuss various charitable strategies such as private foundations, donor advised funds, and charitable remainder trusts and how utilizing these strategies can create a win-win for your clients and the charities they support. She will also discuss the pitfalls to be aware of to ensure a smooth transaction and a happy client.
Stephanie C. Buckley Vice President, Senior Regional Fiduciary Manager Philanthropic Services, California and Southwest Regions
Stephanie Buckley serves as Senior Vice President and Senior Regional Fiduciary Manager of Philanthropic Services within The Private Bank. Wells Fargo Philanthropic Services helps charitable individuals, families, and nonprofit organizations work toward their unique goals by providing specialized advisory services. Stephanie leads a team of experienced specialists that provides philanthropic advice to Wells Fargo clients throughout the Southwest and California Regions, which includes Arizona, California, Nevada, New Mexico, Oklahoma and Texas. She is responsible for enhancing our philanthropic offering to clients, helping her team deliver exceptional client service, and managing risk within her region.
Prior to joining Wells Fargo, Ms. Buckley worked at Pepperdine University for over 10 years as an associate vice chancellor of the Center for Estate and Gift Planning. There she worked with current and prospective donors to structure gifts in the most tax efficient manner, including identifying and creating estate and financial planning tools specific to each donor’s needs. She also served an associate vice chancellor at the law school where she raised major gifts, managed the school’s board of visitors and taught as an adjunct faculty member. Stephanie has worked in philanthropy for more than 18 years.
Ms. Buckley earned a BA degree in Economics with high honors from the University of California, Santa Barbara, a JD with a specialization in business law from the University of California, Los Angeles School of Law and an LLM in taxation with honors from Loyola Law School in Los Angeles.
Ms. Buckley is a member of the State Bar of California, on the editorial board for Planned Giving Today, a former trustee for Heifer International Foundation and a past president for both the Los Angeles Council for Charitable Gift Planners and the Planned Giving Council of Ventura County. She serves on the faculty of the American Institute for Philanthropic Studies and formerly taught at UCLA Extension. Ms. Buckley is a former college gymnast.
Thank you to this month's Speaker Sponsor
