Traditional Vehicles

Nothing could be easier than making a gift of cash to Habitat for Humanity. It is the most common gift and the one you probably think of first. All cash donations are deductible, if you itemize in the year of contribution, up to 50 percent of your adjusted gross income. Any excess deductions can be carried forward for the next five years. You can make year-end gifts, or make a gift in memory or honor of a friend or loved one, perhaps on the occasion of a birthday, graduation, anniversary or other special day. It is the perfect gift for someone who has everything.

Life Insurance
Do you have life insurance policies that are no longer needed? You may either donate the life insurance policy to us, or simply name us as the beneficiary.

Have you made provisions in your will to benefit us? Bequests are the most popular type of planned gifts. Anything you leave to Habitat for Humanity will reduce the size of your taxable estate while helping a good cause. You can leave to us a specific bequest of a specified sum of money or a particular piece of property. Other options are to leave a percentage of your estate or a percentage of the residue to us after making provisions for family and friends. For instance, you could leave us a specific bequest of $10,000, or you could leave us 10 percent of the residue of your estate.

Stocks and publicly traded securities are easy to give and offer great tax advantages. The best stocks to use for charitable giving are those that have increased greatly in value, particularly those producing a low yield. If you have held them for more than one year, you will pay no capital gains tax on this transaction, and you can deduct the full fair market value.

Bank Accounts and CDs
Are you aware that you can name us as the "payable-on-death beneficiary" of your bank accounts or on certificates of deposit? You own the assets for your lifetime and have them available for your use. Upon your death, the assets pass directly to us without going through probate. Simply visit your bank and request the necessary forms to name a beneficiary on your accounts or CDs. You can change beneficiary designations at any time.

Retirement Plan
Assets Because our tax laws often subject retirement plan assets to the highest combined income and estate taxes, charitable donations of these assets may be the most efficient estate planning option. Many of the techniques discussed in this brochure can be used to create generous charitable gifts, usually at your death, from retirement plan assets that could otherwise be subject to tax rates of nearly 65 percent. At the same time, you can pass more tax-favored assets to your family. Because of the variety and complexity of retirement plans, you should consult an attorney or tax specialist for a strategy best suited to your situation.