Everyone can make a planned gift, and these gifts are often very significant – improving more lives than a donor could have ever imagined.
To donate through planned giving, contact us.
Bequests are the most popular of planned gifts. They are simple and powerful. They can be created with a single sentence in your will or trust (or in a codicil or amendment to an existing will or trust). Bequests enable you to retain assets while you are living, making your gift only when you no longer need the assets.
If you intend to leave an outright gift of cash, securities, fixed percentage of your estate, or other property to Habitat Broward to be used for general purposes, consider the sample language below:
“After taking care of all expenses, debts and other provisions, I give, devise and bequeath ___ percent of the rest and residue [or $___ if a specific amount] to Habitat for Humanity of Broward, [Tax ID# 59-2320573] currently located at 888 NW 62nd St. 2nd Floor, Fort Lauderdale, FL 33309”
If you wish to make a contingency gift so that Habitat for Humanity of Broward will receive a portion of your estate if your named beneficiary does not survive you.
“If any of the beneficiaries named in my will should die before becoming entitled to receive their distributions of my estate, I direct my trustee to pay or transfer the share to which such beneficiary would otherwise be entitled, to Habitat for Humanity of Broward for its unrestricted use and purpose.”
One of the most tax-wise ways you can support Habitat for Humanity of Broward is to look first at your IRA. If you are 70 ½ or older, during your lifetime you can transfer up to $100,000 each year to a qualified charity like Habitat for Humanity of Broward. You can avoid having to take your required minimum distribution, which may have a negative tax effect on your income and social security taxes. To see how giving via your IRA works, click here.
Charitable Gift Annuities provide annual income to you based on the amount of your gift, your age, your marital status and spouse’s age (if married), and the date the annuity begins. Charitable Gift Annuities can be a smart way to give cash and/or assets such as stocks to build a legacy and provide added income to you or your beneficiary during retirement. The annuity paid is often higher than earnings from certificates of deposit, savings accounts or stock dividends.
A charitable remainder trust is another option that pays you (or your designated beneficiaries) income during your (their) lifetime(s) or for a period of years. The amount paid depends upon the terms of the trust and may be a prescribed annual amount, or an amount based upon a percentage of the trust’s value, which changes and often grows over the years. At the end of the term, the remainder passes to Habitat for Humanity of Broward.
Charitable Lead Trusts reverse the model of a charitable remainder trust and pay a charity like Habitat for Humanity of Broward an annual gift for a period of years. At the end of that term, what remains in the trust goes back to you or your designated beneficiaries.
These are just some examples of the many ways you can plan a gift today that will have far-reaching impact for families in need of affordable housing. We encourage you to talk to your attorney to design the plan that is best for you. If you do not have an attorney or advisor, Habitat for Humanity of Broward works with several in the community to whom we would happily refer you. For more information on planned gifts, or if you would like assistance to find an attorney, please contact Carolina Veira at (954) 396-3030, x211, or carolina@habitatbroward.org
