When you are meeting with clients, consider sharing this information to build relationships and support our county.
1. Social Security COLA increases
Retirees are a unique group when it comes to tools and techniques related to charitable giving. Given that a high percentage of older cohorts give to charity each year, discussing your clients’ Social Security benefits is a logical juncture to also bring up charitable giving plans for 2026 and beyond.
2. Standard deduction increases
The standard deduction is a key factor in charitable giving strategies. Reviewing this threshold and considering a “bunching” strategy (accelerating multiple years of giving into one tax year) can help maximize charitable support through 2026 and beyond.
3. Qualified Charitable Distributions (QCDs)
With the increased limits for QCDs, a QCD to a qualified fund at the community foundation (such as a designated or field-of-interest fund but not a donor-advised fund) remains one of the best ways to support charity.
4. Non-itemizer charitable deductions
Reminder, taxpayers who do not itemize, may deduct a limited amount in cash donations. To that end, please consider mentioning this new deduction to your high income-earner clients who have adult children. The community foundation can help by offering non-donor-advised fund options to receive the $1000 or $2000 gifts as well as offer opportunities for family learning and hands-on involvement.
As 2026 gets into full swing, please reach out to the community foundation team! We are honored to be your first call on all matters related to charitable giving. Thank you for the opportunity to help you serve your clients!
The team at GPCF is honored to serve as a resource and sounding board as you build your charitable plans and pursue your client’s philanthropic objectives for making a difference in the community. This newsletter is provided for informational purposes only. It is not intended as legal, accounting, or financial planning advice.
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