San Diego Habitat for Humanity Legacy Society
Many faithful supporters who hammer and paint and give financial gifts wish they could give even more, but feel there is just no leeway in the family budget. With a little creativity, planned gifts can allow generous partners like you to make meaningful gifts you may have never thought possible, helping to build decent and affordable homes for families in need. These gifts also often qualify for significant tax deductions. Please consult with your tax accountant for proper guidance.
Wills and Family Trusts
A gift to Habitat is a wonderful way to create a memorial that lives on and helps change lives for local families for years to come. Simply ask your attorney to include a bequest to San Diego Habitat for Humanity in your will.
Suggested Bequest Language:
I, [name], of [city, state, ZIP], give, devise and bequeath to San Diego Habitat for Humanity [written amount or percentage of the estate or description of property] for its unrestricted use and purpose.
San Diego Habitat for Humanity’s tax exempt Employee Identification Number (EIN) is 33-0259190.
San Diego Habitat for Humanity’s current address is:
8128 Mercury Court
San Diego, CA 92111
Gifts of IRA Funds
Certain tax provisions allow individuals to make distributions from their IRA accounts directly to a charity without recognizing the distribution as income,and therefore,not taxable.
Gifts of Life Insurance
Endowments through gifts of life insurance are among the most innovative planned giving vehicles and suit the needs of many different donors. With life insurance, Habitat is designated as a beneficiary of a life insurance policy, which can be used to create a philanthropic fund upon a donor's passing, allowing their surviving family to continue their charitable interests. An existing policy can be transferred and San Diego Habitat can be named as the owner. At the time of transfer, a current deduction equal to the net cash value of the policy can be taken. All future premium payments, when paid, would be a current tax deduction.
You’d like to help, but need the income, or you may have a highly-appreciated stock that pays a low dividend, but you don’t want to trigger the capital gains tax. Whether funded with cash or stock, a gift annuity will provide a handsome cash flow that may be partially tax-free! You’ll also get a partial tax deduction now.
Gifts of Stock
Do you have shares on long-term appreciated stock you may consider donating? You can simply transfer these shares directly to San Diego Habitat. You’ll get a full tax deduction for the entire market value, avoid capital gains, and do your part in helping to create stronger communities.
There may be other strategies available that can help you preserve more of your estate for your family while still furthering the vision of eliminating substandard, unaffordable housing here in San Diego County and around the globe.
If any of these Planned Giving options are of interest to you, please call us at (619) 283-4663 (HOME).