Gift Donation Policy
HFHSLOCO's Mission
Habitat for Humanity for San Luis Obispo County builds and renovates homes to improve communities by partnering with families in need.
Types of Gifts
The following gifts are accepted by HFHSLOCO:
- Cash
- Tangible Personal Property
- Intangible Personal Property
- Securities
- Real Estate
- Remainder Interests in Property
- Bargain Sales
- Life Insurance
- Charitable Gift Annuities
Enjoy financial benefits while you are alive:
Provide simple, decent houses after your lifetime.
What is a charitable gift annuity?
A charitable gift annuity (CGA) is a contract with Habitat for Humanity for San Luis Obispo County that guarantees fixed payments to one or two annuitants for as long as any annuitant survives. The payment obligation is backed by the full faith and credit of Habitat for Humanity for San Luis Obispo County. When no annuitants survive, the remaining balance of the CGA is released us, according to the desire of the donor. As a result, you can make plans now to help eliminate poverty housing after your lifetime.
What other benefits are involved?Purchasing a CGA results in a partial charitable income tax deduction, so if you itemize you may save on income taxes. Also, a portion of the annuity payment may be free from income taxes for a period of time. And, of course, you will have the satisfaction of knowing that deserving people will have a hand up out of poverty housing after your lifetime.
What about appreciated stocks?
In addition to cash, CGAs can also be funded with appreciated stock. If you transfer such stock directly to Habitat for Humanity for San Luis Obispo County, you will usually be able to avoid a significant portion of the capital gain.
What else do I need to know?
The minimum CGA amount is $5,000. Because the rate you receive depends on your age, and because the tax benefits change slightly from month to month, you will need to review a CGA illustration customized to your situation before taking action. You may also wish to review your plans with your personal tax and legal advisers. Remember also that the CGA is an irrevocable plan, and that when no annuitants survive, the remaining balance is used to build houses and will not be transferred to your heirs.
Getting Creative...
HFHSLOCO also accepts:
- Bequests
- Retirement Plan Beneficiary Designations
- Life Insurance Beneficiary Designations
- Charitable Lead Trusts
- Charitable Remainder Trusts
Thanks to you and partners like you Habitat for Humanity has served more than one million people worldwide, having completed more than 500,000 simple, decent, affordable houses, fourteen in San Luis Obispo County! We need your continued partnership and support to build more homes with more families in our neighborhoods. Please consider HFHSLOCO in your estate planning.
HFHSLOCO shall have the right of refusal for all donations both prior to the donation and before transfer of property and tangible personal property. For more information on gifts policies and procedures please contact Habitat for Humanity for San Luis Obispo County at 805-782-0687.
Thank you in advance for your interest!
Habitat for Humanity for San Luis Obispo County is located at
187 Tank Farm Road, San Luis Obispo CA 93401
Contact us at (805) 782-0687 or
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