At Fayette County Habitat for Humanity, we are committed to building stronger communities one home at a time. Your support has been instrumental in helping us provide safe and affordable housing for families in need. But, have you ever thought about leaving a lasting legacy? Through planned giving, you can continue to make a difference even after you're gone.
What is Planned Giving?
Planned giving is a thoughtful and impactful way to support Fayette County Habitat for Humanity's mission of providing decent, affordable housing for local families. It involves making a planned gift, often through your will or estate plan, to ensure that our work can continue long into the future.
Why Consider Planned Giving?
Leave a Legacy: By including Fayette County Habitat for Humanity in your estate plans, you leave a legacy of hope, stability, and opportunity for generations to come.
Tax Benefits: Planned giving can offer significant tax advantages for you and your heirs. It's a strategic way to maximize the impact of your assets.
Make a Lasting Impact: Your gift ensures that the dream of homeownership becomes a reality for deserving families, breaking the cycle of poverty.
A bequest through a will is the most common type of planned gift and does not draw on assets during a donor’s lifetime. Amounts can be estate distributions of cash, securities, real estate, or personal property. Types of bequests include a percentage amount, a fixed-dollar amount, a residual amount, or a contingent amount. Important estate tax savings may result from a bequest. Contact us for suggested bequest language.
donors choose to give life insurance policies to their chosen organization either as an immediate gift or as a provision upon their passing. This can be an easy way to make a gift to Fayette County Habitat for Humanity without revising your will and may have advantageous estate tax consequences. Donors may make Fayette County Habitat for Humanity either a beneficiary or an owner and beneficiary of a life insurance policy. Contact us to talk about how you can make Fayette County Habitat for Humanity a beneficiary to your life insurance policy.
Charitable Remainder Trusts
CRTs allow a donor to make a gift to Fayette County Habitat for Humanity while at the same time achieving several other financial objectives. When you create a CRT, you irrevocably transfer money, securities, real estate, or other assets to a trust that will then pay you an income for life of for a period of years. If you wish, the trust can also pay an income to another beneficiary. At the death of the surviving beneficiary, the remaining principal in the trust would go to Fayette County Habitat for Humanity.
Donors may consider making Fayette County Habitat for Humanity a primary of contingent beneficiary of a percentage of their pre-tax qualified retirement plan, such as an Individual Retirement Account, 401k, 403b, or Thrift Savings Plan to name a few. This is done via a beneficiary designation form. These pre-tax assets are received by a qualified nonprofit free from income tax liability, leaving other tax-friendly assets available to pass along to your family and other heirs. Contact us to learn more about how to make Fayette County Habitat for Humanity a beneficiary for your retirement plan.
Gifts of Stock or Real Estate
Donating stock or real estate to Fayette County Habitat for Humanity is a powerful way to make a lasting impact on affordable housing. By giving appreciated assets, you can potentially avoid capital gains taxes and receive a charitable deduction. Fayette County Habitat for leverages these donations to build safe, decent homes for families in need, breaking the cycle of poverty.
How to Get Started
Planned giving is a thoughtful and impactful way to support our mission. To get started:
Consult with Your Advisor: Talk to your financial advisor or attorney to determine the best planned giving strategy for you.
Inform Us: Let us know about your intentions, so we can express our gratitude and ensure your gift aligns with our mission.
Join Our Legacy Society: Consider becoming a member of our Legacy Society, a special group of individuals who have made a commitment to support Fayette County Habitat for Humanity through planned giving.
For more information on planned giving and how to make a lasting impact with Fayette County Habitat for Humanity, please contact Kenneth Couch, our Planned Giving Coordinator, at 210-816-0942 or info@FayetteCountyHabitat.org. Your generosity ensures that safe, affordable housing remains a reality for local families in need.
Thank you for considering planned giving as a way to support Fayette County Habitat for Humanity. Together, we can continue building brighter futures for our community.