Give Now!
One Big Beautiful Bill Act
Greetings, HACC Foundation donors and supporters!
The One Big Beautiful Bill Act, passed in July 2025, changes how charitable giving affects your taxes.
The HACC Foundation encourages you to check with your tax advisor to understand how these changes may affect your charitable giving.
Please access these resources to learn more:
- Philanthropic planning in 2025 - Last call for a full deduction…Act now! (pdf)
- One Big Beautiful Bill: Impact on Charitable Giving | Fidelity Charitable
- Charitable Giving Changes Under the One Big Beautiful Bill
According to these resources, donors who take the standard deduction can now deduct up to $1,000 (single) or $2,000 (married) for gifts to charity. Those who itemize must give more than 0.5% of their income for donations to qualify, and businesses must donate at least 1% of taxable income before claiming deductions.
To contribute to the HACC Foundation, please visit:
https://www.hacc.edu/HACCFoundation/Donate/MethodstoGive/index.cfm
Thank you!