Extend your support for DuPage Habitat for Humanity and make a lasting impact on families in need of a decent and affordable place to call home.
Whether you would like to put your donation to work today or benefit families after your lifetime, you can find a plan that fits your needs. Together, we can come up with a plan that lets you provide for your family while helping other families through our charitable bequest program.
There are many options to leave a lasting impact through DuPage Habitat, including donor-advised funds (DAF), donating stock, gifts that cost you nothing now, and gifts with financial benefits to you. We can help you plan your personal legacy in a way that's right for you. Learn more by scrolling below or contacting Sue Ward, Director of Development, today at firstname.lastname@example.org or 630.510.3737 x302.
A donor-advised fund, or DAF, is a charitable giving program that allows you to combine the most favorable tax benefits with the flexibility to support your favorite causes.
Donor-advised funds can easily be set up through a community foundation or your financial institution.
Why a DAF could be right for you:
- DAFs allows you to donate cash, stock and other assets as charitable gifts over several years.
- DAFs provide a flexible and easy method of giving if you support multiple charities.
- DAFs can be used to complement or replace a private foundation.
As with all gift planning, you should consult your financial adviser and lawyer to help you get started with recommending a grant to DuPage Habitat for Humanity. Your donor-advised fund gift to DuPage Habitat will help families in your community partner with us to build a better life starting with decent, affordable housing.
While time, money and housing supplies are the most common donations to DuPage Habitat, there are several other ways to give as well, including donating your stocks.
This is a fast and simple process which can be done through an electronic transfer, or certificates can be donated through the mail.
Donations of stocks allows us to ensure that even more families across the DuPage County have a safe, affordable place to call home. The affordable housing crisis presents an ever-growing need, and we use everything at our disposal to respond.
Consider a gift that will empower families to become self-reliant, successful homeowners in their communities. It’s just one of the ways that, simply by signing your name, you can be sure families have safe, affordable places to call home. When you include DuPage Habitat for Humanity in your plans, you promote self-reliance and housing stability in local and global communities.
Once your family and friends are provided for, we hope you consider a legacy gift that makes support for families working toward their independence a part of your life story.
Gifts by bequest
Making a legacy gift in your will or trust is one of the easiest and most popular ways to bring people together to build homes and strong communities.
Here are the ways that most people give this lasting gift to DuPage 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 or stated fraction of your estate or a 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.
Gifts by beneficiary designation
When you make a gift for DuPage Habitat for Humanity from your retirement plan, insurance plan or other assets, you ensure that all people can attain a safe and affordable place to call home.
It’s as simple as contacting the firm that holds your assets and asking for a beneficiary form to fill out.
Retirement funds gift
Many people choose to name DuPage Habitat for Humanity as a beneficiary of a retirement plan to reduce their taxes while they empower families to become self-reliant homeowners.
- Reduce or eliminate taxes on retirement assets.
- Remove highly taxable assets from your estate by direct beneficiary designation.
- Reduce or avoid probate fees.
- There is no cost to you now.
To name DuPage Habitat for Humanity as a beneficiary of your retirement plan, contact your bank or insurance company to see whether a change of beneficiary form must be completed.
Life insurance policy gift
If you have a life insurance policy that has outlasted its original purpose, you can use it to fund a legacy gift while also enjoying tax savings during your lifetime.
- Donate ownership and receive a charitable income tax deduction for the market value of the policy.
- Receive additional tax benefits by making annual gifts so that we can pay the premiums.
- Some donated policies can be cashed in and put to good use right away.
- If you retain the policy and name us as beneficiary, the proceeds of your policy will be paid to DuPage Habitat for Humanity, and your estate will receive the tax deduction from the charitable gift receipt.
If you have bonds that have stopped earning interest and that you plan to redeem, you will owe income tax on the appreciation. In the end, your heirs will receive only a fraction of the value of the bonds in which you so carefully invested. Since DuPage Habitat for Humanity is a tax-exempt institution, naming us as a beneficiary ensures that 100 percent of your gift will go toward families in need of decent, affordable housing.
CDs, bank accounts and brokerage accounts
Naming DuPage Habitat as the beneficiary of a certificate of deposit, a checking or savings bank account, or a brokerage account is one of the easiest ways to help empower individuals and families to become self-reliant homeowners.
Donor-advised fund residuals
Final distribution of contributions remaining in a donor-advised fund is governed by the contract you completed when you created your fund. We hope you will consider naming DuPage Habitat as a “successor” of your account or a portion of your account value.
You can receive income for life while ensuring that all families have access to safe and affordable housing.
If you are considering this type of gift, we recommend that you consult with your financial advisor and Sue Ward, Director of Development, at DuPage Habitat for Humanity.
Charitable remainder trust
You can receive income for life and reduce your taxes while supporting DuPage Habitat by transferring assets to fund the trust. Not only does this pay income to you or your beneficiaries for life, but you also receive an income tax deduction the year you transfer assets to the trust. The remaining portion of the trust, after all payments have been made, goes to DuPage Habitat for Humanity.
- Receive income for life for you or your heirs.
- Receive a charitable income tax deduction for the charitable portion of the trust.
- Create your lasting legacy of hope and community by bringing people together to build homes.
Charitable gift annuities
You can transfer assets to a charitable gift annuity and receive income for life.
This plan allows you to give a substantial donation to DuPage Habitat for Humanity while receiving tax-favored income for life. Charitable gift annuities offer attractive payout rates for those who want to receive income and provide families the opportunity to become self-reliant through building safe, affordable housing.
- Very attractive payout.
- Payments can be made annually, quarterly or monthly.
- A portion of the payout can be tax-free.
- Immediate tax deduction for a portion of your gift.
- Your gift passes to DuPage Habitat for Humanity outside of the estate process.
Please contact Sue Ward at email@example.com or 630-510-3737 ext. 302 if you have any questions.
Then, consult with your tax advisor and lawyer to determine which planned gift strategy is best for you.