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Five Factors That Impact How COVID-19 Affects PhilanthropyFive Factors That Impact How COVID-19 Affects Philanthropy

The ramifications of the pandemic are now beginning to become clear.

Robert F. Sharpe, Jr, CEO

September 24, 2020

19 Min Read
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My July 2020 column focused on a number of philanthropic gift planning strategies in light of the Coronavirus Aid, Relief and Economic Security (CARES) Act, the ongoing impact of the Tax Cuts and Jobs Act of 2017 (TCJA), lessons learned from prior pandemics, changing demographics and other factors.1 When I wrote that article, there hadn’t yet been enough time to gauge the impact of COVID-19 on voluntary financial support of the non-profit sector.

This month, some seven months after U.S. charities began to feel the effects of the pandemic, I examine patterns that have begun to emerge. While the impact initially appeared to be random and unpredictable, the ramifications of the pandemic on charitable funding have now become more clear.

I was ...

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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.