Planned Gift

Making a Planned Gift Through Your IRA, 401(k), Other Retirement Accounts, or Estate

A planned gift through your IRA, 401(k), or other retirement accounts, as well as your estate, offers a lasting way to support Habitat for Humanity of Northwest Metro Atlanta while benefiting from significant tax advantages. Here’s how you can make a gift from your retirement plan or estate:

1. 1. 1. IRA Qualified Charitable Distribution (QCD):
         If you’re 70½ or older, you can make a direct charitable contribution from your IRA to Habitat for Humanity of North West Metro Atlanta. This distribution is tax-free, up to $100,000 per year, and counts toward your required minimum distribution (RMD). The donation is made directly from the IRA to the charity, which means it doesn’t count as taxable income for you.

      2. 401(k) or Other Retirement Plan Beneficiary Designation:
         You can designate Habitat for Humanity of Northwest Metro Atlanta as a beneficiary of your 401(k), 403(b), or other retirement plan. By doing this, your retirement assets will pass to Habitat for Humanity of Northwest Metro Atlanta upon your passing, bypassing estate taxes and potentially providing a larger gift than you might be able to give during your lifetime.

      3. Estate Donations (Bequests):
         Including Habitat for Humanity of Northwest Metro Atlanta in your will or trust is an impactful way to make a planned gift. By designating Habitat for Humanity of Northwest Metro Atlanta as a beneficiary in your estate plan, you can ensure that your legacy will support our mission of providing affordable housing for families in need. This can be a specific amount, a percentage of your estate, or a portion of your residual assets after other distributions.

Tax Benefits:
Gifts made from your retirement accounts or estate can provide significant tax advantages. By donating directly from an IRA, you can avoid income tax on the distribution. Bequests to Habitat for Humanity of Northwest Metro Atlanta may also reduce the taxable portion of your estate, possibly lowering estate taxes.

Consult a Financial Advisor or Estate Planner:
Consult with a financial advisor, estate planner, or tax professional before making a planned gift. They can help ensure you are maximizing the benefits of your gift while aligning it with your long-term financial and charitable goals.

Your planned gift through your retirement accounts or estate helps Habitat for Humanity of Northwest Metro Atlanta continue to build homes and change lives for families in need, creating a lasting legacy of generosity.