Julia Chu

Director, Wealth Planning Group,
Credit Suisse

Julia Chu is a Director in the Wealth Planning Group within the Private Banking North America business of Credit Suisse Securities (USA) LLC ("CSSU"), based in New York.
She is a wealth strategist and Head of Philanthropy for Private Banking North America. She previously served at the National Endowment for the Arts' Literature Program, and in the Foundation Relations and Planned Giving offices of the New York University School of Law and the Fashion Institute of Technology. During this time, Ms. Chu authored the gift acceptance policy, and guided the institutions on matters related to its tax-exempt status.
Ms. Chu has also co-authored a checklist of best practices for charities while serving on the New York City Bar committee on non-profit organizations. She currently serves on the New York City Bar committee on Art Law and on the audit and development committees of the Brooklyn Arts Council board of directors.
Ms. Chu received her B.A. from Cornell University, an LL.M. in Taxation from NYU School of Law, and a J.D. from Boston University.
The term "Credit Suisse" is the global marketing brand name for the investment banking, asset management and private banking services offered by Credit Suisse Group subsidiaries and affiliates worldwide. Each legal entity in Credit Suisse Group is subject to distinct regulatory requirements and certain products and services may not be available in all jurisdictions or to all client types. There is no intention to offer products and services in countries or jurisdictions where such offer would be unlawful under the relevant domestic law.  Private Banking North America is a business in CSSU.  CSSU is a US registered broker dealer and investment adviser. CSSU and the Private Banking North America business in CSSU each is not a chartered bank, trust company or depository institution. It is not authorized to accept deposits or provide corporate trust services and it is not licensed or regulated by any state or federal banking authority.


The Prevalence and Best Practices of Mega Gifts
Julia Chu recommends steps to take prior to making substantial donations.
Donating Complex Assets
Julia Chu discusses charitable planning options for private equity and hedge fund partners
No UBIT on Amounts Designated to Pay VEBA Benefits
In a recent private letter ruling, PLR 201501014, the IRS addressed the unrelated business income tax (UBIT) impact on certain income earned on assets received by a voluntary employees' beneficiary association (VEBA).
Avoid Violating Self-Dealing Rules
A recent Private Letter Ruling illustrates the application of the “estate administration exception” to the self-dealing rules, in the context of a note issued in conjunction with a prior sale to an irrevocable trust.
Charitable Planning for Executives 
Julia Chu addresses charitable planning with corporate shares of stock
CRTs Can Participate in a Charity's Endowment Returns without UBTI
A recent private letter ruling confirms a strategy that other institutions have utilized in prior PLRs3 to bypass UBTI in these instances, but with a certain disadvantage for CRT distributions.
PLR Addresses a Private Foundation’s Hedge Fund Interests
In a recent private letter ruling, the Internal Revenue Service concluded that certain hedge fund interests owned by and donated to a private foundation (PF) didn’t constitute unrelated business taxable income, an excess business holding or a jeopardizing investment.
estate planning news & trends
The Final Frontier of Wealth Realization 
Julia Chu highlights ten areas of guidance to help clarify your clients' philanthropic legacies
Reactive Versus Proactive Philanthropy 
As we approach the peak of charitable giving season, you have the opportunity as an advisor to initiate and guide your client’s philanthropic decision making. Clients may take a reactive approach to philanthropy, making donations in response to events, including annual appeals and natural disasters like Hurricane Sandy.
Negotiating Pledges and Restricted Gifts 
Charitable pledges and restricted gifts continue to serve as common means of supporting favored causes. Given the significant capital invested through
Managing CLAT Investments 
Charitable lead annuity trusts (CLATs) have received considerable attention recently, in light of current low interest rates. If structured correctly,
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