Leave a Legacy
If you or a family member would like to make Habitat for Humanity of Hernando County a beneficiary, we would be honored to accept. We will ensure that your investment will continue to make a difference in our community. Your gift will have an impact well beyond your lifetime. We want to take every opportunity to walk with you as you imagine what this impact will mean for families while they move into their first home, or for communities that are reborn when new homeowners arrive bursting with their well-deserved pride of ownership. Below are a few options we provide for our Leave a Legacy program.
Note: Habitat for Humanity of Hernando County does always advise you to seek legal and financial counsel when deciding on estate planning.
Your estate planner can provide you with a variety of ways to help provide decent shelter for families in need. In your will you may decide to leave Habitat:
- A specific amount of money
- A percentage of your estate
- All or part of the residue of your estate, or what’s left after loved ones have been provided for.
A gift to Habitat in your will is a meaningful way to create a memorial that lives on to help families avoid the indignity of poverty housing. Simply ask your attorney to include a bequest in your will.
You’d like to help, but need the income. Or you may have the highly-appreciated stock that pays a low dividend, but you don’t want to trigger the capital gain. Whether funded with cash or stock, a gift annuity will provide a handsome cash flow that may be partly tax-free. You’ll also get a partial tax deduction now. If you transfer your stock to the gift annuity, you can significantly reduce the capital gain, and spread the rest out over a number of years. Then, after your lifetime, what’s left over will help us renovate our community and build homes for low income families.
Do you have some shares of long-term appreciated stock you would like to donate? You can simply transfer these shares directly to Habitat for Humanity Hernando County. You’ll get a full tax deduction for the entire market value, avoid the capital gain, and do your part in helping to create a world where everyone has a safe, quality place to live.
Many families own life insurance policies that have outlived their original purpose, which can aggravate estate taxes if not treated with care. Often, these old policies can be used to create a new life for a Habitat family in a clean, comfortable home.
Also, new life insurance policies can sometimes be used to make giving a larger gift to Habitat more convenient and affordable.
Many donors feel that the direct transfer of funds from an IRA is a great way to help others and make it a part of their legacy. Simply write a check for the same amount as your required IRA distribution to Habitat for Humanity Hernando County.
- Your gift is a transfer of funds from your IRA to Habitat for Humanity, so it does not create taxable income for you and is not considered a charitable tax deduction.
- The transfer of funds counts towards your annual required minimum distribution from your IRA.
If you are interested in Leaving a Legacy, our information is provided. below.
- Legal Name: Habitat for Humanity of Hernando County, Inc.
- Our tax ID is: 59-3192261
- Affiliate #: 1386-3544