planned giving
There are many options for planned Giving!
wills and Family Trusts Gifts
A gift to Habitat is a wonderful way to create a memorial that lives on and helps change lives for local families for years to come.
Simply ask your attorney to include a bequest to Habitat for Humanity of Butte County in your will.
Here are the most common ways that people make a lasting gift to 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 such as collections, art, books, jewelry, etc.
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.
Life Insurance Gifts
Endowments through gifts of life insurance are among the most innovative planned giving vehicles and suit the needs of many different donors.
With life insurance, Habitat for Humanity of Butte County is designated as a beneficiary of a life insurance policy, which can be used to create a philanthropic fund upon a donor’s passing, allowing their surviving family to continue their charitable interests.
An existing policy can be transferred and Habitat for Humanity of Butte County can be named as the owner. At the time of transfer, a current deduction equal to the net cash value of the policy can be taken. All future premium payments, when paid, would be a current tax deduction.
RETIREMENT PLAN Gifts
You can reduce or even eliminate tax liabilities on your retirement plan by naming Habitat for Humanity of Butte County as direct beneficiary.
The entire amount of your IRA, 401(k) or other retirement accounts may be taxed if you leave them to your heirs. Instead, consider giving them less tax-burdened assets like real estate and stock, and use retirement assets to create your legacy gift with Habitat.
For more information, please contact our office at (530) 343-7423 or email info@buttehabitat.org. Please let us know if you name Habitat for Humanity of Butte County as a recipient of one of the options listed above.
Addresses
Location | 220 Meyers St. Chico, CA 95928
Mailing | P.O. Box 3073
Chico, CA 95927
Hours
Mon-Fri | 9:00am -5:00pm
Contact
info@buttehabitat.org
(530) 343-7423
RESTORE
(530) 895-1271
Tues-Sat | 10:00am-6:00pm
Donations Accepted Until 5:30pm