Sharpe Blog

Sharpe Blog

Posted May 17th, 2016

Let’s Spend Time with Lead Trusts – Pt 1

A lead trust is a trust that [1] makes payments to one or more charities for a donor-prescribed period, and then [2] distributes its assets to one or more persons. It’s called a lead trust because the charitable interest in the trust leads, or precedes in time, the non-charitable interest. Certain lead trusts work well… read more

Posted May 9th, 2016

What Is an Inherited IRA?

By Jon Tidd This question is important for several reasons. One is that charities named as IRA beneficiaries are often required by IRA custodian financial institutions to establish inherited IRAs in order to receive the benefit to which the charity is entitled. The answer is provided by section 408(d)(3)(C)(ii) of the Internal Revenue Code: (ii)… read more

Posted April 27th, 2016

The Emergence of Blended Gifts

The term “blended gift” generally refers to different ways individuals can make significant charitable gifts. As the baby boomers first began to approach the age range when most charitable gifts are planned and implemented, they were more inclined to structure larger charitable gifts differently from previous generations. They used “blended gifts” in an effort to provide both… read more

Posted April 25th, 2016

What Are the Charitable Contribution Carryover Rules?

By Jon Tidd Sometimes a charitable gift is too large to be fully deductible for the year in which it’s made. This is because the law imposes limits on the federal income tax charitable deduction. In this situation, the donor may be able to carry the excess part of the gift forward as a deduction… read more

Posted April 14th, 2016

How Now Dow?

by: Barlow Mann The Dow Jones Industrial Average rose to 2016 highs on April 14 and was within 2% of reaching an all-time record high. In 2015 the Dow was basically flat for the year and actually closed out with a small loss when compared to the close in 2014. Over the past 12 months, the… read more

Posted April 4th, 2016

What Can a Charity Do About Bad Legal Advice Given to a Donor?

by Jon Tidd If the gift is still in the planning stage, the situation is salvageable. What usually works best is to arrange for the charity’s planned gift attorney to talk one on one with the donor’s attorney, so that the donor’s attorney is not embarrassed in front of his or her client. Attorneys tend… read more

Posted March 29th, 2016

When Should a Charity Sue?

By Jon Tidd There’s an old refrain among development officers: “We’d never sue over a gift.” Which suggests not suing is simply a matter of policy. In some states in some situations, however, the law may require a charity to pursue legal recourse. For example, Donor pledges a large amount to Charity for the construction… read more

Posted March 21st, 2016

Household Wealth Sets Record!

By Barlow Mann U.S. Household wealth rose to an all-time record level of $86.8 trillion during the fourth quarter of 2015. The increase was driven by the rising value of corporate stock and real estate, according to the Federal Reserve.                 In spite of economic volatility since the… read more

Posted March 17th, 2016

Will the U.S. See Another Recession in 2016?

By Barlow Mann The likelihood of another recession is real, but the concerns may be overblown (see this CNN Money article from January 26, 2016). After the Great Recession (4th quarter 2007- spring 2009) a recovery began. It has been relatively weak and propped up by the Fed’s interest rate policy, which changed in December…. read more

Posted March 9th, 2016

How to Modify an Endowment: A Real-World Case

FACTS About 10 years ago, Donor set up a 10-year term charitable remainder annuity trust (CRAT) that was to make payments to Donor’s son. The payout period of the trust has just run its course, and the CRAT is about to distribute its assets to Charity. The trust agreement provides that the assets distributed to… read more

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