Planned giving involves making a significant financial gift that is part of an overall financial strategy. This type of generosity can be implemented while you’re alive or after your death. With planned giving, you have the opportunity to leave a legacy and potentially benefit from tax advantages at the same time. The first step is to develop a charitable giving strategy.
For more information, contact Brad Stevens at (559) 237-4102 x111 or via e-mail at email@example.com.
types of planned giving
real estate property
qualified charitable distributions
sample language for your will
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 Habitat for Humanity to be used for general purposes.
general bequest verbiage
“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 Habitat for Humanity Fresno Inc., a California-based charitable organization [Tax ID# 77-0076649] currently with administrative offices at 4991 E. McKinley Avenue Suite 123, Fresno CA 93727.”
contingency bequest verbiage
“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 Habitat for Humanity Fresno Inc. for its unrestricted use and purpose.”
If you wish to make a contingency gift so Habitat for Humanity will receive a portion of your estate if your named beneficiary does not survive you.
If at any point in time and for any reason, you wish to make changes to include Habitat in your will, you can easily amend it by using a codicil. A codicil is a document your attorney can prepare to amend your will or trust without rewriting the entire document. The codicil adds a new gift to Habitat for Humanity Greater Fresno Area while reaffirming the other terms of your will.