Year-End Giving at its Best
Editor’s Note: The Catherine McAuley Center is not a tax advisor, please reach out to your tax/financial specialist for questions on just how this change impacts you directly.
This has been a year of changes, adaptation, and resilience for our CMC community.
As you make plans for year-end giving, we would like to make you aware of a change that will impact you as a donor directly. Recent legislation has changed tax laws related to charitable giving that go into effect starting in 2026.
Thinking of a large donation across several years of giving?
With the new act, making ONE large donation before year end (also known as “bunching”) will offer substantially more savings on your taxes. This is due to the first 0.5% of a taxpayer’s contribution base now being non-deductible. This means that if you were to donate $100,000 each year over the course of 3 years, this year, you would receive normal tax benefits. However, the following two years you would not be able to claim $5,000 (or 0.5%) on each $100,000 contribution. If you were to bunch the donations into one large donation of $300,000 this year, you would receive the full tax benefits before the new legislation goes into effect.
Any amount makes a huge difference to us here at CMC, but with this change impacting much larger donations, we wanted to make you aware of the benefits if you were considering a large year end gift this year.
Questions? We’re happy to help answer any we can and look forward to hearing from you!
Your support is what ultimately helps us provide much needed services for women in crisis, immigrants, refugees, and those needing educational support. Your continued support is also what keeps us going – not just our services, but what keeps our staff spirits up and resolved to serve with joy, compassion, and care. Thank you for shoring us up during difficult times and for considering us as we move forward!
