SEPTEMBER 2017 VOL. 4, NO. 9
DEVELOPMENTS
From the ABI Anthony H.N. Schnelling Endowment Fund
 
ABI Renames Award in Honor of Mark Stingley
By unanimous action of the ABI Executive Committee, the annual award of the Anthony H.N. Schnelling Endowment to honor the year's top supporter has been renamed in memory of the late Mark G. Stingley of Kansas City, Mo. Mark served as ABI's Vice President of Membership and was global head of the Bankruptcy and Restructuring and Creditor's Rights Client Services Group of Bryan Cave LLP in Kansas City before his sudden passing in July. He was a strong supporter of the ABI Endowment (Millennium-level donor—the highest tier of Endowment support).
 
Mark Sttingley
Mark G. Stingley 1952-2017
 
Tequila Tasting at ABI's Southwest Conference
On Sept. 7, there was a special Tequila Tasting held in conjunction with ABI’s Southwest Bankruptcy Conference, with proceeds benefiting the ABI Endowment Fund. This Endowment event took place at the Coronado Yacht Club in Coronado, Calif. Thanks go to Development Specialists, Inc.; Pachulski Stang Ziehl & Jones LLP; Reynolds, Reynolds & Little, LLC; Shumaker, Loop & Kendrick, LLP; and Summit Investment Management LLC for sponsoring the event.

Indubies
Endowment supporters rocked out to The Indubitable Equivalents during the Southwest Endowment Tequila Tasting.

 

Mitch Ryan and Michael Richman
Mitch Ryan and Michael Richman

In addition, the Endowment hosted a silent auction during the conference, and thanks go to the following members for their generous support: ABI Treasurer Michael L. Bernstein (Arnold & Porter Kaye Scholer LLP; Washington, D.C.), Donna T. Parkinson (Parkinson Phinney; Sacramento, Calif.), Joshua Pichinson (agencyIP; Mountain View, Calif.), Bradley D. Sharp (Development Specialists, Inc.; Los Angeles) and Oliver Zurbel (BMC Group; New York).
 
January 2018: Save the Date for Two Events
HOCKEY ENDOWMENT EVENT IN PHILLY
Join the Anthony H.N. Schnelling Endowment Fund at the Wells Fargo Center in Philadelphia on Jan. 2 at 7 p.m. for a divisional hockey match-up between the hometown Flyers and five-time Stanley Cup Champions Pittsburgh Penguins. Watch the game from a luxury suite generously donated by Gavin/Solmonese LLC, complete with food and open bar.
 
TWO JUDGES TO BE HONORED IN ATLANTA
More details will be announced in a future Developments e-newsletter, but make sure to leave Jan. 11 open on your calendar: ABI will be hosting a special tribute at the Atlanta offices of King & Spalding to honor Hon. Mary Grace Diehl and Hon. C. Ray Mullins of the U.S. Bankruptcy Court for the Northern District of Georgia, who are both retiring in 2018.
More information about both of these events will eventually be posted at abi.org/events. Until then, direct all inquiries to ABI Marketing Manager Sharisa Sloan at ssloan@abi.org.
 

GSCA/NYIC/ABI Golf & Tennis Outing is Next Week

In conjunction with the Garden State Credit Associates and the New York Institute of Credit, ABI will co-host the inaugural GSCA/NYIC/ABI Annual Golf & Tennis Outing on Sept. 25 at Cedar Hill Country Club in Livingston, N.J. The picturesque course features “twin” Par 3s, with the 10th playing straight downhill and the 16th recapturing the Clubhouse level. The course plays to a slope rated 129. To register or for sponsorship opportunities, contact Sarah Kuhns at skuhns@instituteofcredit.org.

register today

dinner and fine Wine in Chicago This November

Get ready for an evening of networking with your colleagues while raising money for the ABI Endowment Fund on Nov. 9 at River Roast in Chicago. A huge thank you goes to Richard S. Lauter (Lewis Brisbois Bisgaard & Smith LLP), the late Mark G. Stingley (Bryan Cave LLP) and Elizabeth B. Vandesteeg (Sugar Felsenthal Grais & Hammer LLP) for spearheading this event, as well as event sponsors Adelman & Gettleman, Ltd.; Birch Lake; Bryan Cave LLP; Development Specialists, Inc.; Freeborn & Peters LLP; Hiltz & Zanzig LLC, Lewis Brisbois Bisgaard & Smith LLP, The Law Offices of Roger Higgins, LLC; MorrisAnderson; Shaw Fishman Glantz & Towbin LLC; Sugar Felsenthal Grais & Hammer LLP; and UpRight Law LLC. Interested in joining us? Contact ABI Marketing Manager Sharisa Sloan at ssloan@abi.org.

River Roast

register today

What the endowment pays for

Anthony H.N. Schnelling Endowment Fund LL.M. in Bankruptcy Scholarship
The American Bankruptcy Institute Endowment Fund awards a $15,000 annual scholarship to a student from St. John’s University School of Law’s LL.M. in Bankruptcy program. The scholarship is awarded based on the student’s credentials, demonstrated interest in bankruptcy law and potential for success in the field. The Endowment has awarded $250,000 since the Fall of 2000. This year's recipient is Daniel A. Thomson, a 2018 St. John's LL.M. Candidate and 2017 magna cum laude Graduate of University of Alabama School of Law.

Daniel A. Thomson

New Donors Recognized

The Endowment Fund recognizes and thanks the following for reaching new levels of giving:

New Sustaining Members
Varouj Bakhshian

BMC Group

Roger J. Higgins
The Law Offices of Roger Higgins

New Leadership Club Members
Kevin W. Chern
UpRight Law LLC

Bruce Goldstein
MorrisAnderson

Elizabeth B. Vandesteeg
Sugar Felsenthal Grais & Hammer LLP

Levels of Support

Millennium Level
Contributions of $50,000 and above

30th Anniversary Circle
Contributions of $30,000 – $49,999

Century Council Members
Contributions of $25,000 – $29,999

Visionary
Contributions of $20,000 – $24,999

Legacy
Contributions of $15,000 – $19,999

Lifetime Member
Contributions of $10,000 – $14,999

Benefactor
Contributions of $5,000 – $9,999

Sustaining Member
Contributions of $2,000 – $4,999

Leadership Club
Contributions of $1,000 – $1,999

Donors
Contributions of $100 – $999

Pledges at the Leadership Club level and up are payable over up to five years.

Ways to Give

Liquidating Trusts Support ABI
Liquidating trusts commonly receive nominal payments (such as tax rebates or returned utility deposits), where distribution would either require a wasteful administrative expense, or violate a de minimis payment provision in a reorganization plan. The Bankruptcy Code currently provides no direct answer on how to dispose of surplus funds (also referred to as “remnant funds”) in such circumstances. As liquidating chapter 11 plans become increasingly common, it will become more important for plans to specify how remnant funds should be distributed. Surplus assets can be donated to ABI’s Anthony H.N. Schnelling Endowment Fund, a 501(c)(3) charity. The Endowment has prepared model plan language.

2017 Combined Federal Campaign Contributions to the Anthony H.N. Schnelling Endowment Fund are tax-deductible. ABI is a 501(c)(3) tax-exempt organization. If you have been considering making a donation to the Endowment Fund, you may benefit by making your contribution to Combined Federal Campaign #11391. Your funds will be used to support research and education on insolvency. Please consider contributing during the current campaign season (The 2017 CFC Open Season will run from October 2, 2017, through January 12, 2018.) Contact ABI Chief Financial Officer Kathy Sheehan at (703) 739-0800 or ksheehan@abi.org for more information.

Endowment Fund Development Committee

Vice President—Development:
Robert P. Reynolds
Reynolds, Reynolds & Little, LLC

Committee Members:
Richard S. Lauter
Lewis Brisbois Bisgaard & Smith LLP

Jerry M. Markowitz
Markowitz, Ringel, Trusty + Hartog, P.A.

Bradley D. Sharp
Development Specialists, Inc.

Kelly Beaudin Stapleton
Alvarez & Marsal

Christopher A. Ward
Polsinelli

Endowment Fund

Regional Endowment Chairs

 

Mid-Atlantic
Chair: Christopher A. Ward – Polsinelli
Sam J. Alberts – Dentons
Charles Forman – LeClairRyan, PC
Neil B. Glassman – Bayard, P.A.
Thomas M. Horan – Shaw Fishman Glantz & Towbin, LLC
Warren Martin – Porzio, Bromberg & Newman, PC
Richard M. Meth – Fox Rothschild LLP
James E. Van Horn – McGuireWoods LLP

Midwest
Chair: Claire Ann Resop – Steinhilber Swanson LLP
Daniel A. DeMarco – Hahn Loeser & Parks LLP
Reginald W. Jackson – Vorys, Sater, Seymour and Pease LLP
Richard S. Lauter – Lewis Brisbois Bisgaard & Smith LLP
James A. Lodoen – Lindquist & Vennum LLP
Scott Y. Stuart – Esquify, Inc.
Sheryl L. Toby – Dykema Gossett PLLC

New England
Chair: Jeffrey T. Varsalone – CBIZ MHM, LLC

New York Metro
Co-Chair: Lisa G. Beckerman – Akin Gump Strauss Hauer & Feld LLP
Co-Chair: Allen D. Wilen – EisnerAmper LLP

Rocky Mountain
Co-Chair: Annette W. Jarvis – Dorsey & Whitney LLP
Lynne Long – Summit Investment
Management LLC

 

South
Chair: Kristina M. Johnson – Jones Walker LLP
John W. Ames – Bingham Greenebaum Doll LLP
Richard P. Carmody – Adams and Reese LLP
Rudy J. Cerone – McGlinchey Stafford, PLLC
Craig M. Geno – Craig M. Geno, PLLC
James E. Smith – Williams Anderson PLC
Emily Campbell Taube – Burr & Forman LLP
Stephen P. Wheelis – Wheelis & Rozanski, APLC

Southeast
Chair: Jerry Markowitz – Markowitz, Ringel, Trusty + Hartog, P.A.
Terri L. Gardner – Nelson Mullins Riley & Scarborough, LLP
Neil C. Gordon – Arnall Golden Gregory LLP
Jennifer McLemore – Christian & Barton, LLP
Jennifer M. Meyerowitz – GCG
Edward J. Peterson, III – Stichter, Riedel, Blain & Prosser, PA
Lynn Lewis Tavenner – Tavenner & Beran, PLC
Glenn Thompson – Hamilton Stephens Steele & Martin, PLLC

Texas & Southwest
Co-Chair: Jason S. Brookner – Gray Reed & McGraw, PC
Co-Chair: Scott Van Meter – Berkeley Research Group, LLC
Thomas H. Grace – Vorys, Sater, Seymour and Pease LLP
Jordan A. Kroop – Perkins Coie LLP
John Penn – Perkins Coie LLP
Thomas J. Salerno – Stinson Leonard Street LLP

West
Co-Chair:  Mitch Ryan – Donlin Recano & Company, Inc.
Matthew Gates – Duff & Phelps, LLC
Scott Gautier – Robins Kaplan LLP

 
 
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