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Prepare for a Possible Change to Tax-exempt Status of CharitiesPrepare for a Possible Change to Tax-exempt Status of Charities

When planning for charitable gifts, especially those accomplished using strategies that result in the gifts unfolding over an extended time, donors and those advising them need to consider the possibility that the rules on how those gifts are treated for federal income tax purposes may change. There are many proposals calling for a change in the tax treatment of charitable gifts. While some proposals

Robert F. Sharpe, Jr, CEO

July 1, 2011

8 Min Read
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Robert F. Sharpe, Jr., president of The Sharpe Group, Memphis, Tenn.

When planning for charitable gifts, especially those accomplished using strategies that result in the gifts unfolding over an extended time, donors and those advising them need to consider the possibility that the rules on how those gifts are treated for federal income tax purposes may change.

There are many proposals calling for a change in the tax treatment of charitable gifts. While some proposals advocate limiting or eliminating the charitable income tax deduction, others revisit the types of organizations that are eligible to receive tax-deductible contributions. Some proposals have suggested that only organizations that actively benefit the underprivileged and fulfi...

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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.