fbpx
Happy family preparing to cut ribbon

Bequests

Making a legacy gift in your will or trust is one of the easiest and most popular ways to partner in the mission.

Here are the most common ways that people make a lasting gift to Pikes Peak Habitat for Humanity:

Residual bequest

A percentage of the remainder of your estate after other specific legacies have been fulfilled.

Specific bequest

A specific dollar amount, stated fraction of your estate, or specified gift-in-kind.

Contingent bequest

A gift that is originally intended for other beneficiaries but, in the event of their prior passing, is redirected as a charitable donation.

General bequest

If you intend to leave an outright gift of cash, securities or other property by designating a specific dollar amount, a particular asset, or a fixed percentage of your estate to Pikes Peak Habitat for Humanity to be used for general purposes:

After taking care of all expenses, debts and other provisions, I give, devise, and bequeath ___ percent of the rest and residue [or $___ if a specific amount] to Pikes Peak Habitat for Humanity, a non-profit corporation [Tax ID# 35-1640064] located at 2802 N. Prospect St., Colorado Springs, CO 80907.

Specific bequest

If you intend to make an outright bequest for a specific purpose, such as to support advocacy or a specific program:

I, [name], of [city, state, ZIP], give, devise and bequeath to Pikes Peak Habitat for Humanity [Tax ID# 35-1640064] [written amount or percentage of the estate or description of property] for its charitable purposes, including but not limited to ___________ use and purpose.

Contingency bequest

If you wish to make a contingency gift so that Pikes Peak Habitat for Humanity will receive a portion of your estate if your named beneficiary does not survive you:

If any of the beneficiaries named in this will should die before becoming entitled to receive their distributive share of my estate, I direct my trustee to pay or transfer the share to which such beneficiary would otherwise be entitled to Pikes Peak Habitat for Humanity for its unrestricted use and purpose.

As with all financial planning, it is important to consult your attorney or financial advisor to ensure compliance, maximum tax benefits, and help with legal documents.

Now through December 10, your donation will contribute to the Bank of the San Juans gift-matching challenge. Rise to the challenge today!