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Habitat for Humanity
Central Arizona
Corporate Office-Peoria
(623) 583-2417
Phoenix Office
(602) 268-9022

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Gift Planning

For more than 25 years, HFHCAZ has made strides toward the goal of eliminating poverty housing. Legacy Builder members can help further this important work through thoughtful gift planning. To become a member, donors must plan to benefit HFHCAZ after their lifetime – whether in the form of a bequest, annuity or other gift planning arrangement. 

Gift planning is the greatest endorsement and form of support a donor can provide a charity. HFHCAZ would like to recognize and thank those individuals who make plans for HFHCAZ through their estate planning. Although HFHCAZ likes to know about a donor’s plans, it is not necessary to report specific financial details.

Donors can enjoy enhanced tax and financial benefits by gift planning that helps future Habitat families realize their dream of home ownership. While some gifts are large, it is not the size of the gift that counts. It is the desire to make a difference and to make an impact through strategic gift planning and to leave a lasting legacy.  

Favorite Gift Planning options:

  • Bequest gifts are the most popular type of gift planning options because anything left to HFHCAZ reduces the size of a donor’s taxable estate while supporting a great cause. Donors can bequest either a specific sum or bequest a percentage of their estate.
  • Gifts of appreciated securities, such as stock, bonds or mutual fund shares provides donors with an income tax deduction for the full value of the gift and can avoid the potential tax on the capital gains. For information about transferring securities, please call the Development Office on 602.262.8661.
  • Gifts of life insurance provide a donor with the opportunity to name HFHCAZ as a beneficiary or name HFHCAZ as the policy owner. If a donor chooses to name HFHCAZ as the beneficiary, the donor retains ownership of the policy and has access to its cash value but also avoids future federal estate taxes upon their passing. When naming a charity as the policy owner a donor can claim an income tax deduction. 
  • Retirement plan assets (IRAs, Pensions or Profit Sharing Plans) are often subject to the highest combined income and estate taxes. Gifts of retirement plan assets allow a donor to make a legacy gift while passing more tax-favored assets to family members. 

The IRA Charitable Rollover permits IRA owners starting at age 70½ to make tax-free charitable gifts totaling up to $100,000 per year from their IRAs directly to eligible charity such as HFHCAZ. The IRA Charitable Rollover, which was extended on October 3, 2008, is scheduled to expire on December 31, 2009.

To learn more about the IRA Charitable Rollver Extension click here

  • Life income gifts include charitable gift annuities, charitable remainder trusts and charitable lead trusts. All three of these gift options provide fixed income or annuity option payments for donors or beneficiaries while providing opportunities to avoid or minimize capital gains taxes when using appreciated stocks as funding sources

Legacy gifts are the gifts that keep on giving. No matter how large or small, legacy gifts are meaningful because they provide long-term support and solutions for the growing affordable housing crisis in our community.

This brief overview of gift planning options provides background information and ideas to consider before a donor meets with accountants, attorneys or financial advisors.     

For questions about donations, email us through our donations contact form.

 

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