March 1997 | Sharpe Group

Sharpe Insights Articles

Sharpe Insights Newsletter header image

Archive for March, 1997

Legislative Anniversary

Posted March 1st, 1997

March 7 marks the 1-year anniversary of the effective date of the disclosure provisions of the Philanthropy Protection Act of 1995. The purpose of the act was to facilitate contributions to charitable organizations by codifying certain exemptions from federal securities law based largely on the existing agency positions of the┬áSecurities Exchange Commission (SEC). The PPA …Read More

IRS Releases Final Regulations

Posted March 1st, 1997

In December 1996, the Internal Revenue Service released regulations that provide guidance for allowing various charitable contribution deductions, substantiation requirements for charitable contributions of $250 or more, and the disclosure requirements for quid pro quo contributions in excess of $75. These final regulations clarify various questions raised by provisions of the Omnibus Budget Reconciliation Act …Read More

Confusion Abounds on Gifts of Appreciated Property

Posted March 1st, 1997

Many of your donors will be reading erroneous reports that their deduction for gifts of stocks, bonds, etc., will be limited to their cost basis only after May 31, 1997. The Small Business Job Protection Act signed into law by President Clinton affects only gifts of appreciated property to PRIVATE FOUNDATIONS. The Sharpe company clearly …Read More

Must Reading for Financial Development Executives: Who is likely to accumulate wealth?

Posted March 1st, 1997

Most people mistakenly “know” how you become wealthy in America. Inheritance, an advanced degree, winning the lottery, or even high income seldom are the paths to wealth. More often “wealth” in America is the result of hard work, diligent savings, and living frugally. In the book, The Millionaire Next Door (Longstreet Press, 1996), Thomas J. …Read More

Sharpe Insights

Site Search

Sharpe Insights Archives

2024 Issues 2023 Issues 2022 Issues 2021 Issues 2020 Issues 2019 Issues 2018 Issues 2017 Issues 2016 Issues 2015 Issues 2014 Issues 2013 Issues 2012 Issues 2011 Issues 2010 Issues 2009 Issues 2008 Issues 2007 Issues 2006 Issues 2005 Issues 2004 Issues 2003 Issues 2002 Issues 2001 Issues 2000 Issues 1999 Issues 1998 Issues 1997 Issues