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Quality Time

planned giving

Building a legacy

Planned gifts allow generous partners like you to make meaningful gifts you may have never thought possible. Just a little planning expands your opportunity to help Habitat for Humanity build a world where everyone has a safe, decent and affordable place to call home. 

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Interested in partnering with Habitat for Humanity in your community or around the world?
Make a gift that has an impact now or one that creates a legacy of empowerment. Learn more about some simple ways to benefit individuals and families while providing yourself with specific advantages. Then give us a call or email us to explore all of your planned gift options.
will or living trust
One simple and flexible way to ensure that your legacy of empowerment continues for years to come is by making a gift in your will or living trust, known as a charitable bequest.

Making a will or living trust is an important way to extend your love, generosity and gratitude 
for family and friends – and an excellent way to support Habitat’s mission after your lifetime. In addition, gifts through a will or living trust cost you nothing now and are flexible. Relationships and situations change, and you can change your will or living trust at any time.
Retirement plans and IRAs
You can make a difference at Habitat now or for future generations with a tax-wise gift from your retirement plan or IRA.

Why is it tax-wise?
A retirement plan or IRA is typically the largest source of assets that generate taxable income when paid to a beneficiary. More than one-half of your retirement plan could be subject to income and estate taxes. Therefore, if you are considering a gift to Habitat after your lifetime, it is usually better to leave taxable assets to us and give nontaxable assets 
to your loved ones.

Qualified Charitable Distribution
A qualified charitable distribution, also known as a charitable IRA rollover, allows donors 70½ or older to make tax-free IRA gifts of up to $100,000 per year directly from their individual retirement accounts. The funds must be transferred directly to the charity; depositing the funds first in your account will result in a taxable event.

Life Insurance Policies
Life circumstances may change, and the needs you once had for permanent life insurance benefits may no longer be the same today. You can name Habitat (as a nonprofit organization) to be the beneficiary of a life insurance policy just as you can name people as beneficiaries. Because you can name more than one beneficiary, you can divide the death benefit among your loved ones and Habitat.
Charitable gift annuity
A charitable gift annuity involves a simple contract in which you agree to make a gift to Habitat for Humanity and we, in return, agree to pay you – and/or someone else if you choose – a fixed amount each year for the rest of your life. Annuity rates vary by age and number of annuitants. 

This gift provides you with regular payments and allows us to further our work. Creating a charitable gift annuity with Habitat may also provide a variety of tax benefits. Your gift will qualify for a federal income tax deduction, and a portion of your payments will be tax-free income. If you fund your annuity with appreciated property rather than cash, you may minimize capital gains. Gains that you do pay are deferred and paid over your lifetime (provided that you are the primary annuitant). 

Delay Your Payments 
If you are between the ages of 55 snd 64 or do not need your payments immediately, you can set up a deferred gift annuity. This allows you to delay payments to you until a later date, such as when you reach retirement. Deferring payments may also provide a higher rate of return on your future income.
contact us today
For more information, please contact Colleen Donahue at (941) 483-6606, ext. 225; or at cdonahue@habitatsouthsarasota.org.
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Bringing people together to build homes, communities, and hope.

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