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While tax policy often makes headlines, most charitable giving is motivated by deeply personal values such as compassion, empathy, and commitment to community. Research confirms that generosity benefits both the giver and the receiver, reinforcing its role as a cornerstone of human connection. At Kitsap Community Foundation, we are privileged to support donors whose philanthropy reflects their enduring care for others.

In today’s changing economy and tax landscape, thoughtful planning is essential for effective charitable giving. Whether you’re addressing year-end strategies, considering a complex asset gift, or updating your estate plan, Kitsap Community Foundation offers flexible tools and trusted guidance to help you achieve both financial and philanthropic goals.

At Kitsap Community Foundation, we are honored to work with individuals and families across generations to achieve meaningful charitable goals. Younger donors are bringing new energy to philanthropy, often focusing on causes rather than specific organizations and pairing giving with civic engagement. Our team is here to support families in building charitable plans that reflect these evolving priorities while strengthening community impact.

The One Big Beautiful Bill Act left Qualified Charitable Distributions largely untouched, but their value for clients is greater than ever. For individuals 70½ and older, QCDs remain a straightforward way to give, lowering taxable income while supporting the causes they care about. As new deduction rules take effect in 2026, QCDs will be an important strategy to help clients align tax efficiency with meaningful charitable impact.

In 2026, new rules will limit deductions to corporate gifts above 1% of taxable income, with the 10% cap still in place. Reviewing strategies now can help businesses continue meeting philanthropic goals while adapting to these changes.

With the passage of the One Big Beautiful Bill Act, charitable planning has entered a new era. Key changes include a floor and cap on itemized deductions beginning in 2026, as well as an elevated standard deduction in 2025. Advisors should encourage clients to act now on strategies such as bunching gifts, donating appreciated stock, and utilizing IRA distributions—while keeping an eye on the inevitability of future tax reforms.

While donor-advised funds sometimes raise concerns among nonprofits, they can play a valuable role in sustaining charitable support. Dollars in these funds are already dedicated to philanthropy, and their flexibility often encourages donors to give more consistently—and even at higher levels—over time.

The new One Big Beautiful Bill Act is changing how companies can deduct charitable gifts. Beginning in 2026, donations won’t be deductible until they exceed 1% of taxable income—while the 10% cap still applies. For nonprofits, this means planning ahead with corporate partners and exploring strategies to keep donor support and funding.

Nonprofits in our community are currently facing mounting pressures as inflation drives up operating costs, pandemic-era relief funds have expired, and demand for services continues to climb. KCF is honored to work with nonprofits to engage donors and sustain funding. This article lists strategies charities could employ during this time of transition.

KCF is excited to welcome Jo, bringing 24 years of nonprofit experience to strengthen local nonprofits, planned giving, and the Kitsap Great Give.