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Business as UnusualBusiness as Unusual

Philanthropy and tax reform: The devil is in the details.

Robert F. Sharpe, Jr, CEO

December 13, 2017

7 Min Read
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Charitable Giving paper message on assorted cash

From a philanthropic perspective, 2017 has been a year of “business as unusual.” 

The year began with the inauguration of a new administration promising an unprecedented package of legislation that would replace the nation’s health care system with a less expensive approach offering more benefits, address the nation’s infrastructure challenges and, at the same time, provide sweeping tax cuts for everyone.

Those working with individuals contemplating larger charitable gifts either as isolated transactions or as part of a broader estate and financial plan began the year with uncertainty. Would there be a charitable deduction in the future? Would the deduction survive but be capped in some way? Would estate and gift taxes be repealed? Would q...

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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.