Gifts that pay you income

You can receive income for life while ensuring that 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 reach out to Alison at Habitat for Humanity of Huron Valley at alison@h4h.org.

Charitable Remainder trust

You can receive income for life and reduce your taxes while supporting Habitat for Humanity of Huron Valley 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.

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 of Huron Valley 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 safe, affordable housing.

Gifts that may reduce your taxes

Some legacy gifts made to Habitat can have substantial tax savings.

Retirement Plan Gift

You can reduce or even eliminate tax liabilities on your retirement plan by naming Habitat for Humanity of Huron Valley as direct beneficiary. The entire amount of your IRA, 401(k) or other retirement accounts may be taxed if you leave them to your heirs. Instead, consider giving them less tax-burdened assets like real estate and stock, and use retirement assets to create your legacy gift with Habitat.

Life Insurance plan

If you have a life insurance policy that has outlasted its original purpose, you can use it to reduce your taxes and create a legacy gift for Habitat for Humanity of Huron Valley.

Gifts of Real estate

You may decide that the greatest gift you can make is to leave your home or property to Habitat for Humanity of Huron Valley. This kind of gift is ideal for people who intend to continue living in their home or property through their lifetime, but still want to make a charitable gift.

Gifts of Stock

Stocks, bonds and mutual funds that have appreciated in value are among the best ways to ensure that Habitat can help reduce housing instability for families in your local community and around the world. Click here to learn more.

Please contact Alison Oumedian at alison@h4h.org or 734.882.2009 if you have any questions. Then, consult with your tax advisor and lawyer to determine which planned gift strategy is best for you.