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Gifts of Non-Cash Assets—A Phoenix Rising From the Ashes of Recession?

Robert F. Sharpe, Jr. discusses the greatest impact on philanthropy during the Great Recession.

The mythical Phoenix is said to periodically self-combust before rising from the ashes of its own destruction. While perhaps not a perfect analogy to an interesting trend in charitable gift planning, we’ve certainly witnessed the taking flight anew of gifts of appreciated assets since the depths of the Great Recession a decade ago when the Dow Jones Industrial Average closed at 6,547 on March 9, 2009.


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