Your gift empowers people to become self-reliant, successful homeowners in their communities.
It’s just one of the ways that, simply by signing your name, you can be sure families have safe, affordable places to call home. When you include Habitat for Humanity in your estate plans, you provide resources that are essential to achieving the vision of a world where everyone has decent shelter.
We hope that empowering families to build greater self-reliance will be one of your philanthropic priorities.
Gifts by bequest
Making a legacy gift in your will or trust is one of the easiest and most popular ways to partner in the mission.
Here are the most common ways that people make a lasting gift to Habitat for Humanity:
A percentage of the remainder of your estate after other specific legacies have been fulfilled.
A specific dollar amount, stated fraction of your estate or specified gift-in-kind such as collections, art, books, jewelry, etc.
A gift that is originally intended for other beneficiaries but, in the event of their prior passing, is redirected as a charitable donation.
Gifts by beneficiary designation
When you make a gift to Habitat for Humanity from your retirement plan, insurance plan or other assets, you make it possible for people to obtain safe, affordable places to call home.
Best of all, these gifts are easy to make! Simply contact the firm that holds your assets and completing a beneficiary form.
Retirement funds gift
Many people choose to name Habitat for Humanity as a beneficiary of a retirement plan to reduce their taxes and empower families to become self-reliant homeowners.
- Reduce or eliminate taxes on retirement assets.
- Remove highly taxable assets from your estate by direct beneficiary designation.
- Reduce or avoid probate fees.
- There is no cost to you now.
To name Habitat for Humanity as a beneficiary of your retirement plan, contact your bank or insurance company to see whether a change of beneficiary form must be completed.
Life insurance policy gift
If you have a life insurance policy that has outlasted its original purpose, you can use it to fund a legacy gift while enjoying tax savings during your lifetime.
- Donate ownership and receive a charitable income tax deduction for the market value of the policy.
- Receive additional tax benefits by making annual gifts so that we can pay the premiums.
- Some donated policies can be cashed in and put to good use right away.
- If you retain the policy and name us as beneficiary, the proceeds of your policy will be paid to Habitat for Humanity and your estate will receive the tax deduction from the charitable gift receipt.
If you have bonds that have stopped earning interest and you plan to redeem, you will owe income tax on the appreciation. In the end, your heirs will receive only a fraction of the value of the bonds in which you so carefully invested.
CDs, bank accounts and brokerage accounts
Naming Habitat as the beneficiary of a certificate of deposit, a checking or savings bank account, or a brokerage account is one of the easiest ways to positively impact our homeowner families.
Donor-advised fund residuals
Final distribution of contributions remaining in a donor-advised fund is governed by the contract you completed when you created your fund. Please consider naming Habitat as a successor of your account or a portion of your account value.
Please contact us at firstname.lastname@example.org or toll free at (833) 434-4438 if you have any questions.
Then, consult with your tax advisor and lawyer to determine which planned gift strategy is best for you.