Preparing for U.S. Tax Policy Changes
Find out U.S. policy changes affecting high-net-worth donors and corporations
Date Posted:
August 13, 2025
Categories:
Policy changes
In advance of changes to U.S. tax policy that will go into effect in 2026, high-net-worth donors and corporations may reconsider their 2025 charitable giving strategies. The ‘One Big Beautiful Bill’ which passed in July introduces a 0.5% of adjusted gross income (AGI) floor on individual charitable deductions (ie itemizers must donate 0.5% of their AGI before the charitable deduction kicks in) and a 1% of income floor for corporations starting next year.
While there’s debate about how significant the impact will be—especially since corporate giving already averages 1.1% of income—some experts suggest we may see an uptick in major gifts in 2025 as donors act before the new rules take effect.
Actions
Now may be the right time to:
- Engage your US major donors in conversations about their year-end giving
- Review your US donor strategies in light of upcoming changes
- Prepare for a potential shift in giving patterns from US major donors and corporations
Read the full article in The Chronicle of Philanthropy
Keep Reading
