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The Signatry BlogConversations from our thought leader
Will Tax Incentives Be Restored?
The new tax reform laws that were passed December 2017 essentially got rid of the tax incentive to give to charity, at least for the majority of middle- and low-income givers. Because of the new tax law, Forbes has estimated that charitable giving this year will decrease by $12 to $19 billion. However, laws are in the works to turn this around. Last fall, Rep. Mark Walker (North Carolina) and Sen. James Lankford (Oklahoma) introduced a new bill, the Universal Charitable Giving Act, and it is gaining steam. The way the current law stands, only taxpayers who itemize their deductions…Read More
The Incredible Eulogy of John the Baptist
John the Baptist was a different kind of guy. He was a miracle baby. His father and mother were past the child-bearing age. But he was more than an “oops” baby. He was born to a mission: he’d be the Elijah, the messenger declaring the way of the Lord. It’s little wonder that his birth came under impossible circumstances. After his birth, we hear little of John the Baptist until his adult life. Apparently, he’d made his way to the wilderness, and he attracted attention—not only for his lifestyle but for his message. He ate locusts (yuck) and honey (well…Read More
The Stunning Failed Legacy of the Vanderbilts
My son goes to school at Lipscomb University in Nashville. But right down the street is a far more famous university—Vanderbilt. I’ve driven by it. It’s impressive, and even by reputation the strength of the school seems to emit an aura of its own. Hailing originally from the Netherlands, the Vanderbilt family had farming roots. Cornelius Vanderbilt was born into a family of modest means on Staten Island, New York. He left school at the age of 11 and began in the shipping business with a single boat. Against all odds, he established his company in the wake of more…Read More
3 Opportunities and a Challenge with the New Tax Law
People continue to sort out implications of the new tax law. What are the opportunities and challenges particularly as it relates to charitable giving? Opportunities 1) The law allows for people to give up to 60 percent of their adjusted gross income. If you make $100,000, you can give $60,000 and deduct the entire amount. While many may not see this as an opportunity, it will provide a unique opportunity for major donors who are seeking to increase their giving. 2) The new tax law lowers the corporate tax rate from 38 percent to 21 percent. That 17 percent drop means…Read More
The Signatry Celebrates Eighteen Years
Eighteen years ago, on June 1, 2000, The Signatry officially opened its doors. Before then, we were just a dream. Our Beginnings Two of our founders, Pat Lloyd and Frank Brown, did not know each other, but started searching separately for answers. In 1998, Frank Brown had tax needs and was looking for a community foundation to which he could donate. He started talking with Larry Burkett’s ministry about finding a solution. At the same time, Bill High, Emmitt Mitchell and Emmitt’s late brother Thurman Mitchell were running an inner city ministry in Kansas City. One of their main funders,…Read More
The Surprising Story and Legacy of the Nobel Prize
It’s a great honor to receive the Nobel Prize. Since 1901, there have been 585 prizes awarded in Physics, Chemistry, Physiology, Literature and Peace. The prizes stem from the 1895 will of Alfred Nobel. And just who was Alfred Nobel? In the mid-1860s, Alfred invented a detonator for explosives. He continued experimenting with a form of nitroglycerin. But one of those experiments went awry, and five people died in an explosion at his factory. Emil, Alfred’s brother, was one of the five who died in the accident. As a result of this tragedy, Alfred sought to develop a more stable explosive,…Read More