Donating appreciated securities, including stocks or bonds, is an easy and tax-effective way for you to make a gift to Habitat for Humanity Central Arizona. The IRS allows a charitable tax deduction for the full market value of the appreciated security.
Benefits of gifts of stocks and bonds:
- Avoid paying capital gains tax on the sale of appreciated stock
- Receive a charitable income tax deduction
- Helps Habitat purchase materials to build and repair more homes for hardworking Arizona families
Individual Retirement Account (IRA)
If you are at least 70½ years old, you can make a gift of up to $100,000 each year directly from your IRA. An IRA Charitable Rollover Gift allows you to make a gift to Habitat, satisfy part or all of your annual required minimum distribution from your IRA, and exclude part or all of the distribution from your taxable gross income, thereby reducing your tax liability.
It’s easy to get started! Contact your IRA plan administrator to make a gift. Your funds will be directly transferred to Habitat for Humanity Central Arizona to avoid tax penalties.
For your IRA account administrator:
Designation: Habitat for Humanity Central Arizona
Tax ID: 74-2401708
For IRA contributions: Please make sure your administrator adds your name to the donation paperwork for tracking purposes.