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Outlook For Philanthropic Planning in 2021Outlook For Philanthropic Planning in 2021

What a difference a year makes.

Robert F. Sharpe, Jr, CEO

December 18, 2020

8 Min Read
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As we now move beyond the unprecedented challenges of 2020 and transition to a new year, what might we focus on in the realm of philanthropic planning as we consider how best to advise charitably inclined clients?

The environment for planning larger charitable gifts is very different this January than last. At the beginning of 2020, no one had heard of COVID-19, investment markets were trading at or near record levels, interest rates were low, inflation was under control, unemployment was low and perhaps the greatest uncertainty was the upcoming Presidential election in the fall. Charitable giving had just hit record levels despite reduced tax incentives ushered in by the 2017 Tax Cuts and Jobs Act (TCJA).

What a difference a year can make...

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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.