One of the most common and popular ways to make a planned gift is with a charitable gift annuity. It is a simple contract between you and Habitat for Humanity of Martin County. In exchange for an irrevocable gift, Habitat for Humanity of Martin County agrees to pay one or two annuitants a fixed dollar amount each year for life. The amount is based on life expectancy: the older you are at the time of the gift, the greater the percentage can be. The general resources of Habitat for Humanity of Martin County guarantee the payments.
Charitable gift annuities can be funded with cash, real estate, or appreciated securities. You receive a tax deduction based on your age, the payout rate, and the federal discount rate. If you use an appreciated asset, a portion of each payout will be capital gain, which is therefore spread out over your lifetime. Likewise, a part of each payment would be a tax-free return of principal, increasing the after-tax value of each payment. And because you have effectively removed the assets from your estate, you avoid estate taxes.
Features & Benefits
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Fixed payout offers the security of guaranteed income
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Attractive rate of return
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Minimum of $5,000 gift
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Can unlock appreciated assets for diversification or increased yield
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Professional asset management
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Opportunity to make a substantial gift to Habitat for Humanity of Martin County
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Favorable income tax position now and at retirement
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Immediate charitable tax deduction
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Estate tax and probate savings
Click here to learn more about charitable gift annuities.