Gifts that pay you income
You can receive income for life while ensuring that all families have access to safe and affordable housing.
If you are considering this type of gift, we recommend that you consult with your financial advisor and a gift planner at Habitat for Humanity.
Charitable remainder trust
You can receive income for life and reduce your taxes while supporting Habitat for Humanity by transferring assets to fund the trust. Not only does this pay income to you or your beneficiaries for life, but you also receive an income tax deduction the year you transfer assets to the trust. The remaining portion of the trust, after all payments have been made, goes to Habitat for Humanity.
Benefits:
Charitable gift annuities
You can transfer assets to a charitable gift annuity and receive income for life.
This plan allows you to give a substantial donation to Habitat for Humanity while receiving tax-favored income for life. Charitable gift annuities offer attractive payout rates for those who want to receive income and provide families the opportunity to become self-reliant through building safe, affordable housing.
Benefits:
If you are considering this type of gift, we recommend that you consult with your financial advisor and a gift planner at Habitat for Humanity.
Charitable remainder trust
You can receive income for life and reduce your taxes while supporting Habitat for Humanity by transferring assets to fund the trust. Not only does this pay income to you or your beneficiaries for life, but you also receive an income tax deduction the year you transfer assets to the trust. The remaining portion of the trust, after all payments have been made, goes to Habitat for Humanity.
Benefits:
- Receive income for life for you or your heirs.
- Receive a charitable income tax deduction for the charitable portion of the trust.
- Create your lasting legacy of hope and community by bringing people together to build homes.
Charitable gift annuities
You can transfer assets to a charitable gift annuity and receive income for life.
This plan allows you to give a substantial donation to Habitat for Humanity while receiving tax-favored income for life. Charitable gift annuities offer attractive payout rates for those who want to receive income and provide families the opportunity to become self-reliant through building safe, affordable housing.
Benefits:
- Very attractive payout.
- Payments can be made annually, quarterly or monthly.
- A portion of the payout can be tax-free.
- Immediate tax deduction for a portion of your gift.
- Your gift passes to Habitat for Humanity outside of the estate process.
Please contact Greg Hull at 810-766-9089 ext. 210 or development@geneseehabitat.org if you have any questions.
