Make a Difference Today
Pikes Peak Habitat for Humanity recognizes the importance of legacy gifts to help end poverty housing in El Paso. We understand this is a very significant decision and we encourage you to always speak with a certified financial planner. Knowledge of your legacy gift to Pikes Peak Habitat for Humanity helps us plan for the future. We understand and acknowledge your commitment may be modified or changed at any time. Please contact Jordan Bridwell if you have questions, jordan@pikespeakhabitat.org or (719)475-7800.
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Planned Giving Vehicle
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Description
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Benefits to Donor
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Will or Bequest
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Donor names PPHFH in will.
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§ Donor can provide for family first.
§ Estate tax deduction by a % or a $ amount.
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Charitable Gift Annuity
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Contract: Donor transfers cash or stock and PPHFH pays donor a % of gift annually for a lifetime.
-Donors get interest, PPHFH receives value of stock.
-Much better rates than if funds stayed in bank.
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§ Fixed income payments to donor and/or other beneficiary for life.
§ A portion of each payment is from the return of donor’s principal and is free from income tax. Part of each payment is taxable as ordinary.
§ Capital gains tax reduced and spread over donor’s lifetime.
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Life Insurance
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Gift of old or new policy with PPHFH as beneficiary and owner.
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§ Donor makes large gift with little expenditure.
§ Income tax deduction.
§ No estate tax when life insurance proceeds are paid to PPHFH.
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Charitable Remainder Unitrusts
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Trust: Pays variable income (fixed % of value) to donor or other beneficiaries for life of specific term up to 20 years.
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§ Annual income to donor could increase if trust value increases.
§ Partial income tax deduction.
§ No capital gains tax is paid when assets are transferred into the trust.
§ Estate tax savings possible.
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Charitable Remainder
Annuity Trusts
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Trust: Pays fixed income ($ amount) to donor or other beneficiaries for life or specific term up to 20 years.
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§ Fixed annual income to donor or other beneficiaries.
§ Partial income tax deduction.
§ No capital gains tax is paid when assets are transferred into the trust.
§ Estate tax savings possible.
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Retained Life Interest
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Contract: Gift of real property with retained life estate.
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§ Donors can live in home for remainder of their lives.
§ Partial income tax deduction.
§ No capital gains tax
§ Reduction of estate tax.
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Charitable Lead Trusts
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Trust: Pays trust income annually to charitable organization for period of years determined by donor, after which gift reverts to donor or heirs.
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§ Gift is returned to donor or heirs at reduced tax cost.
§ Gift or estate tax savings for value of payments to PPHFH.
§ Trust pays tax on its income and capital gains.
§ Trust deducts amounts paid to PPHFH.
§ Amounts paid to PPHFH can be a % or fixed amount.
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