Donors Encouraged to Seek Advice on New Tax Rules

The end of 2025 may offer a unique opportunity to maximize the tax efficiency of your charitable giving before new, less favorable rules take effect in 2026. The recent One Big Beautiful Bill Act (OBBBA), signed in July 2025, has made several significant changes to charitable deduction rules that will go into effect on January 1, 2026. For many, particularly those who itemize, it may be advantageous to make charitable gifts by December 30, 2025. Given the complexities of tax law, Friends Seminary urges all individuals to consult qualified tax professionals to understand how these changes may affect their personal finances.