Making a Legacy Gift to Habitat for Humanity
A legacy gift to Habitat for Humanity of Northwest Metro Atlanta is a powerful way to leave a lasting impact on the lives of families in need of safe and affordable housing. By including Habitat NWMA in your estate plans, you ensure that your generosity will continue to build homes and strengthen communities for years to come. Here are several ways you can make a legacy gift:
Bequests:
A bequest is one of the most common and straightforward ways to make a legacy gift. You can include Habitat for Humanity of Northwest Metro Atlanta in your will or trust, specifying a dollar amount, a percentage of your estate, or a particular asset to be given to support our mission. Bequests allow you to retain control of your assets during your lifetime while making a significant contribution after your passing.Retirement Account Beneficiaries:
By naming Habitat for Humanity of Northwest Metro Atlanta as a beneficiary of your IRA, 401(k), or other retirement accounts, you can make a meaningful gift without affecting your assets during your lifetime. These types of gifts are particularly impactful because they pass outside of your estate, helping to reduce potential estate taxes.Charitable Remainder Trust (CRT):
A charitable remainder trust allows you to donate assets while retaining income from those assets during your lifetime. After your passing, the remaining balance goes to Habitat for Humanity of Northwest Metro Atlanta, providing long-term support. This type of gift can offer income tax deductions and help manage your estate plan effectively.Donor-Advised Funds (DAF):
A donor-advised fund lets you contribute assets to an account that you can direct to Habitat for Humanity of Northwest Metro at any time. This offers you flexibility while ensuring your gift supports the cause you care about for generations to come.Real Estate and Other Assets:
Donating real estate or other assets as part of your legacy gift can help you leave a meaningful contribution to Habitat NWMA. Whether through a bequest or by transferring ownership, gifts of real property can provide lasting support for our mission.
Tax Benefits:
Legacy gifts, such as bequests or gifts from retirement accounts, may help reduce estate taxes and provide charitable deductions. These gifts not only benefit Habitat for Humanity of Northwest Metro Atlanta but can also enhance the value of your estate by minimizing tax liabilities.
Consult with Advisors:
Consult with a financial planner, estate attorney, or tax advisor when considering a legacy gift. They can help guide you through the process to ensure your gift aligns with your financial and charitable goals.
By making a legacy gift to Habitat for Humanity of Northwest Metro Atlanta, you become part of a transformative movement to build a world where everyone has a decent place to live. Your generosity ensures that future generations will benefit from the security of safe, affordable housing.
Questions? Contact:
E-mail: Click here to e-mail us.
Telephone: (770) 432-7954 ext. 110