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Annual Foundation Seminar and Golf Tournament Bring Out the Best of Salk's Supporters

Golf Tournament

Golfers from left: nbbj architects Jean Claude Constadse, Brian Mumford, Thomas Clyman, Lillian Asperin-Clyman

Prominent attorneys from some of the country's top law firms and consultants in the non-profit field were among the featured speakers during the Salk Institute's 38th annual Tax & Management Seminar on Private Foundations in May.

Chaired by Edwin K. Hunter, an attorney with the firm of Hunter, Hunter & Sonnier (LLC) in Lake Charles, LA., and trustee for the Joe W. and Dorothy Dorsett Brown Foundation, among other charitable foundations, the event drew representatives from national and international foundations who spent three days in La Jolla for an update on the latest developments in tax laws and regulations, as well as foundation management and governance issues.

New to this year's seminar was the addition of a second track of discussions focused specifically on management and governance. Guest speakers such as Valerie Jacobs, founder of Valerie Jacobs Consulting, provided an insightful talk on succession planning, while Rockefeller Philanthropy Advisors covered impactful investing issues.

"The second track proved popular. Most of the foundations with multiple attendees split their personnel between parallel presentations. This gave them a more efficient experience," Hunter said. "We also witnessed significantly more interactions between presenters and audience, probably attributable to the smaller break-out groupings."

Since its inception in 1972, the tax seminar has provided an invaluable service to foundation managers. What started out as an intimate gathering has steadily grown into a highly informative and comprehensive tax briefing for the non-profit community.

Some of the many foundations represented at this year's seminar included: the Leona H. and Harry B. Helmsley Charitable Trust; the Guenther Foundation, and the Conrad Hilton Foundation.

The seminar was preceded on May 11 by the Salk Institute's 1st annual Golf Tournament, which drew more than 100 golfers— both Tax Seminar attendees and corporate sponsors from the local community.

Held at the Del Mar Country Club, the Golf Tournament helped raise funds for the Salk Institute's basic biological research. Everyone enjoyed a relaxing day of golf, a delicious dinner, and raffle prizes. Up for grabs was a Mercedes Benz to the golfer who could make a hole-in-one at the 12th hole; but no one was lucky enough to take home the luxury sedan.