Charitable
gifts included as part of your long range estate and financial
planning can offer a wonderful way to provide lasting support
for organizations like Habitat for Humanity-La Crosse Area
that will survive well into the future. It can be possible
to make a "gift of a lifetime" while minimizing
taxes and settlement costs and conserving more of your estate
for loved ones. Like a university, church, or hospital, Habitat
for Humanity-La Crosse Area needs a stable source of long-term
funding.
Planned gifts provide an opportunity both to realize your
personal financial goals and to strengthen Habitat For Humanity-La
Crosse Area for the future. Through a planned gift, you may
be able to increase your current income, or provide additional
retirement income, while reducing income and estate taxes.
The following summaries provide additional information on
these opportunities:
Bequests
You can make a gift to Habitat For Humanity-La Crosse Area
through your will, or via a codicil to your will. This is
a bequest. You can bequeath a specific sum, or a percentage
of your estate or specific property. A bequest enables you
to make a lasting gift to Habitat-La Crosse Area while providing
the security of knowing that you have complete access to your
assets should you need them for medical or other expenses.
A bequest may also enable you to reduce estate taxes.
Gifts of Appreciated Stock
Many people have securities that have increased greatly in
value since their purchase. By using these stocks for charitable
giving, donors can conserve cash for other uses and maximize
the value of their gifts. Donors can deduct the full fair
market value of appreciated securities and pay no capital
gains on their transfer to public broadcasting. This can reduce
the cost of making a gift or increase the amount you can afford
to give.
Life Insurance
A simple way to make a significant future gift is to name
Habitat-La Crosse Area as the beneficiary to receive all or
a portion of the proceeds of a life insurance policy no longer
needed for its original purpose, or to purchase a new policy
for the benefit of Habitat For Humanity-La Crosse Area. You
should contact your insurance agent to discuss how best to
make such a gift. He or she can work with Habitat-La Crosse
Area staff to meet your charitable giving goals.
Retirement Plan Gifts
You may have accumulated funds in your company pension plan,
IRA, or other private retirement account that are beyond your
needs or potentially subject to the federal excise tax on
over-funded retirement plans. It may be convenient and beneficial
to make a current or future charitable gift to Habitat For
Humanity-La Crosse Area from those accounts.
Memorial Gifts
Any of the planned giving ideas discussed here can become
an enduring tribute to a family member or other loved one.
A member of the Habitat-La Crosse Area staff would be glad
to assist you in choosing an appropriate commemoration for
your gift in memory or honor of someone special. In addition,
you may want to celebrate a special event—a birthday,
anniversary, graduation, bar mitzvah, holiday, etc.—by
making a gift to Habitat-La Crosse Area in honor or memory
of a loved one. Such gifts bring pleasure to those who otherwise
may not be able to contribute.
Before you
make any decisions, please consult your tax advisor.
.This page hosted and designed by
