No matter your income, with thoughtfulness and vision, planned gifts allow generous partners like yourself to make meaningful gifts to help build stronger communities and futures for Chicagoans in need. These gifts often qualify for significant tax deductions also; please consult with your tax accountant or financial planner for proper guidance.
Wills and Family Trusts
A bequest to Habitat creates a memorial that lives on and helps change lives for local families for generations to come. Ask your attorney to include a bequest to Habitat for Humanity Chicago in your will.
Suggested Bequest Language:
I, [name], of [city, state, ZIP], give, devise and bequeath to Habitat for Humanity Chicago [written amount or percentage of the estate or description of property] for its unrestricted use and purpose.
Habitat for Humanity Chicago Employee Identification Number (EIN): 46-0494889.
Habitat for Humanity Chicago
1100 W Cermak Rd., Ste. 404
Chicago, IL 60608
Gifts of IRA Funds
Certain tax provisions allow individuals to make distributions from their IRA accounts directly to a charity without recognizing the distribution as income and is, therefore, not taxable.
Gifts of Life Insurance
Endowments through gifts of life insurance are among the most innovative planned giving vehicles and suit the needs of many different donors. With life insurance, Habitat is designated as a beneficiary of a life insurance policy, which can be used to create a philanthropic fund upon a donor's passing, allowing their surviving family to continue their charitable interests. An existing policy can be transferred and Habitat Chicago can be named as the owner. At the time of transfer, a current deduction equal to the net cash value of the policy can be taken. All future premium payments, when paid, would be a current tax deduction.
You’d like to help, but need the income; or maybe you have a highly-appreciated stock that pays a low dividend, but don’t want to trigger the capital gains tax. Whether funded with cash or stock, a gift annuity will provide a handsome cash flow that may be partially tax-free! You’ll also get a partial tax deduction now.
Gifts of Stock
Do you have shares on long-term appreciated stock you might consider donating? You can simply transfer these shares directly to Habitat Chicago. You’ll get a full tax deduction for the entire market value, avoid capital gains, and do your part in helping to create stronger communities.
There may be other strategies available that can help you preserve your estate for your family while still furthering the vision of building strong, thriving neighborhoods here in Chicago and around the globe.
If Planned Giving options are of interest to you, please call us at 312-563-0296 x434 or email us at email@example.com.