Sharpe Blog

Archive for October, 2015

Posted October 20th, 2015

What Is the Law Concerning Gift Agreements?

“Gift agreement” means here a written agreement between a donor and a charity concerning endowment funds the donor will give to the charity. The typical endowment fund has a specified purpose and a name, most often the donor’s name. Many endowment fund gift agreements also contain a spending rate provision, which spells out how much… read more

Posted October 5th, 2015

Gala Dinners—Two Important Tax Issues

A charity’s gala dinner for friends and supporters involves two very important federal tax issues: How should the value of the benefit provided to an attendee be calculated? Who may pay for an individual’s place at the dinner? Calculating the value of an individual’s benefit. It’s clear, for example, that if an individual place at… read more

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