Joseph E. Hancock
Joe Hancock currently serves as trust counsel for Baptist Foundation of Texas and its subsidiary, Concord Trust Company, located in Dallas, Texas, having rejoined the Foundation staff in 2002 after three years as Trust Counsel at Children’s Medical Center of Dallas. He has practiced exclusively in the area of charitable gift planning for the past 15 years, focusing on technical issues related to the research, drafting and implementation of all types of charitable gifts. Joe’s responsibilities include counseling with nonprofit organizations and prospective donors regarding matters of taxation, trust law, estate planning and administration, and charitable giving. Joe holds a BBA from Baylor University and MBA and JD degrees from the University of Arkansas and is admitted to practice in Texas and Arkansas. He is a member of the North Texas Chapter of the Partnership for Philanthropic Planning.
"Insecure About Securities?" Effectively Handling Gifts of Stock
While many gifts of securities into planned gift arrangements are relatively straightforward, it is not uncommon for gift planners to encounter significant difficulties when dealing with more complicated transactions. This article provides gift planners (nonprofit and for-profit alike) with the required knowledge to effectively address complicated stock issues and successfully structure and complete planned gifts funded with stock. Specific areas of consideration include taxation issues, valuation issues, qualified appraisal rules for closely held securities, redemption of closely held securities, dealing with buy-sell agreements, handling special situations, and managing the impact of the Patriot Act on stock gift transactions.
Black Gold: Gifts of Oil and Gas Interests Made Simple
As drilling technologies have made significant breakthroughs, oil and gas production has increased dramatically over the past decade, allowing production in states where none existed previously. Approximately twenty states now realize substantial mineral production each year, creating opportunities for philanthropy that were not formerly available. This excellent article by Joe Hancock provides an overview of the basic types of mineral interests and equips gift planners with the tools they will need to effectively cultivate and close gifts of oil and gas interests.