Sponsored By
Trusts & Estates logo

Adapting Longstanding Tools to Possible ChangesAdapting Longstanding Tools to Possible Changes

Continue helping clients achieve their charitable goals.

Robert F. Sharpe, Jr, CEO

December 20, 2016

8 Min Read
sharpejan17

Insofar as philanthropic planning is concerned, 2016 was a year for debate on the future of charitable income tax incentives and the tax ramifications for private foundations, donor-advised funds (DAFs) and other charitable planning vehicles.

During the lengthy presidential campaign, the major candidates proposed a number of tax reform plans that would serve to make charitable giving more or less attractive, depending on one’s income level, the amount and nature of their itemized deductions and other factors. Now that the dust has settled, here’s what we’re left with.

Summarizing the Alternatives

In a nutshell, Hillary Clinton’s plan would have kept standard deductions relatively low and capped itemized deductions, with the exception of the...

Unlock All Access Premium Subscription

Get Trusts & Estates articles, digital editions, and an optional print subscription. Choose your subscription now and dive into expert insights today!

Already Subscribed?

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.