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A Bird in the Hand?A Bird in the Hand?

Robert F. Sharpe, Jr. discusses the budget proposals recently released in the Biden administration’s Green Book.

Robert F. Sharpe, Jr, CEO

July 22, 2021

12 Min Read
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We’re now at a crossroads in the world of philanthropic estate and financial planning, the implications of which we haven’t encountered for a decade or more. 

Between 2009 to 2013, there was ongoing uncertainty surrounding federal gift and estate tax rates and whether amounts exempt from those taxes would rise or fall. Some degree of certainty was finally restored with the passage of the American Taxpayer Relief Act of 2013 and subsequent changes enacted by the Tax Cuts and Jobs Act of 2017.

Another period of uncertainty in charitable tax planning occurred in the mid-1980s. That was the last time a policy of taxing capital gains and ordinary income at the same rate was seriously considered. A tremendous increase in capital gains tax rates ...

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About the Author

Robert F. Sharpe, Jr

CEO, Encore

Robert F. Sharpe, Jr. is CEO of Encore in Memphis, Tenn. He is a nationally recognized pioneer, leader and authority in the field of philanthropy. During more than 35 years serving America’s nonprofit community, he has consulted nationally with educational, health, social service, arts and religious organizations and institutions in the planning and implementation of their major, planned gift and endowment development efforts. A graduate of Vanderbilt University and Cornell Law School, he served as a development officer for a liberal arts college prior to practicing law with a major law firm specializing in taxation and estate planning.

Robert is chairman of the philanthropy editorial board of Trusts & Estates magazine and co-author of the National Association of Charitable Gift Planners (CGP) Model Standards of Gift Valuation. He has served on the board of Giving USA and on strategic task forces for the CGP. Among other publications, his remarks have been featured in The Wall Street Journal, The New York Times, Newsweek, Forbes, Smart Money, The Chronicle of Philanthropy and Kiplinger’s.

He is a frequent speaker at gatherings across the country including Planned Giving Councils in New York, Washington, Chicago, and Los Angeles, the National Association of Charitable Gift Planners national conference, the Association of Fundraising Professionals (AFP) National Conference, and the American Bankers Association Wealth Management and Trust Conference.