Building Community
Build a Legacy, Leave a Legacy
Planned giving is an option for anyone who wants to build a legacy, regardless of your age or income. They allow generous partners like you to make meaningful impact you may have never thought possible.
Planned gifts provide Habitat for Humanity of Tampa Bay Hillsborough with the resources to plan and build into the future. By informing us of your intentions to make a planned gift, you become a member of our Legacy Builders Society. If you’ve already done this, please get in touch with us so we can thank and recognize you!
Legacy Builders Society Members enjoy the following benefits:
- Being part of a legacy program that advances the mission of Habitat for Humanity.
- Invitation and recognition at annual Volunteer Appreciation Celebration.
- Invitation and recognition at annual Legacy Builders Society Home Dedication
- Recognition in Annual Report and newsletter.
Every gift can make a lasting impact.
Building Community
Don’t have a will? Start here.
As a gift to our supporters, we have partnered with FreeWill to make it easy for you to make a legally valid will online, completely for free. FreeWill takes less than 20 minutes to complete, creates a will that is valid in all 50 states, and makes it simple to start your legacy with Habitat.
Already have a will with Habitat listed as a beneficiary?
Let us know so we can recognize you as a member of our Legacy Builders Society.
Do you have a 401(k), IRA or other asset?
You can name Habitat for Humanity of Tampa Bay Hillsborough as a beneficiary and become a member of our Legacy Builders Society. Assets like 401(k)s, IRAs, and other accounts can make great planned gifts and may help you and your heirs avoid unwanted taxes. You can easily name Habitat for Humanity of Tampa Bay Hillsborough as a beneficiary of any of your assets for free here.
Looking for other tax-smart options or gifts that pay you back?
Habitat Tampa Bay Hillsborough can help you meet your goals while leaving a lasting legacy of impact.
| Type of Gift | Your Goal | How it works | Benefits |
|---|---|---|---|
| BEQUEST | • Simplest way to remember those you care about most • Maintain control of your assets during life • Make a gift to Habitat Hillsborough at your death | You designate Habitat Tampa Bay Hillsborough as a beneficiary of your estate by will, trust or other instrument. It can be a sum of money, property or a percentage of your estate’s residue. | • Estate tax charitable deduction • Life use and ownership of your property • Revocable during lifetime |
| RETIREMENT PLAN ASSETS 401(k), 401(b), IRA, H.R.10 or Qualified Retirement Plan | • Continue withdrawing funds during lifetime • Can change mind if situation warrants • Satisfaction of knowing hard-earned money will benefit others | Donor names Habitat Tampa Bay Hillsborough as primary, partial or contingent beneficiary. | • Use of benefits during lifetime • Charitable estate tax deduction • Dependents avoid ordinary income tax assessments on amount paid to Habitat Tampa Bay Hillsborough |
| LIFE INSURANCE BENEFICIARY AT DEATH | • Make a more significant gift to Habitat Tampa Bay Hillsborough at your death • Reduce estate tax | Donor names Habitat Tampa Bay Hillsborough as beneficiary of life insurance policy. | • Value of insurance policy avoids estate tax • Make a more significant gift • Maintain ownership of policy • Beneficiary designation is revocable |
| LIFE INSURANCE TRANSFER OWNERSHIP OF POLICY TO HABITAT TAMPA BAY HILLSBOROUGH | • Make a more significant gift to Habitat Tampa Bay Hillsborough at your death • Be honored for guaranteed gift • Reduce estate tax • Enjoy a tax benefit from a charitable deduction | Donor gifts life insurance policy to Habitat Tampa Bay Hillsborough. Habitat Tampa Bay Hillsborough becomes owner while donor remains the insured. Habitat Tampa Bay Hillsborough is beneficiary at death of donor. Donor contributes amount to Habitat Tampa Bay Hillsborough each year for premiums. | • Charitable tax deduction for donated premium • Value of insurance policy avoids estate tax |
| CHARITABLE GIFT ANNUITY | • Receive fixed income for life • Avoid capital gains tax on the sale of your appreciated property • Enjoy tax benefit from a charitable deduction | You transfer your cash or appreciated property to Habitat Tampa Bay Hillsborough in exchange for a contract to pay you a fixed income (with rates based on your age) for the rest of your life. | • Charitable tax deduction • Fixed income for life • Reduce and defer capital gain • Portion of payment stream may be tax-free |
| CHARITABLE REMAINDER TRUST (CRT) | Transfer your appreciated property without paying capital gains tax • Enjoy regular income for life or a term of years • Receive a tax benefit from a charitable deduction | You transfer your cash or appreciated property to fund a charitable trust. The trust sells your property tax-free and provides you a fixed or variable income for life or a term of years. | • Charitable tax deduction • Income for life or a term of years • Possible income growth over time • Avoidance of capital gains tax |
| CHARITABLE LEAD TRUST (CLT) | • Give cash or property to your family in the future • Avoid substantial gift or estate tax • Provide funds to Habitat Tampa Bay Hillsborough during your lifetime | You transfer your cash or property to fund a lead trust that makes a gift to Habitat Tampa Bay Hillsborough for a number of years. You receive a charitable deduction for the gift. Your family receives the remainder at substantial tax savings. | • Gift or estate tax deduction •Asset and appreciation passes to family at reduced or not gift tax cost |
| RETAINED LIFE ESTATE | •Remain in your home for life or term of years • Receive a charitable income tax deduction | You give your property to Habitat Tampa Bay Hillsborough, but retain the right to use the property during your life. | • Charitable tax deduction • Lifetime use of property |
We’re here to help you meet your goals!
Our team would be happy to speak with you in confidence about your giving goals, with no obligation. Please contact:
Richard Rogers
Chief Development Officer
C: 813-992-4132
E: rrogers@habitathillsborough.org
Or message us here:
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