Planned Giving

Gifts that pay you income.

​​You can continue your support for Greater Rochester Habitat for Humanity while you receive a steady income for life.

If you’re considering this kind of gift, we recommend you consult with your financial advisor.

Charitable Gift Annuities

You can help your neighbors in need while creating reliable retirement income by establishing a charitable gift annuity to benefit Greater Rochester Habitat for Humanity.

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How it works:

• You make a gift of at least $20,000 to Greater Rochester Habitat for Humanity.
• You receive fixed payments for life, at an attractive payment rate.
• Your gift benefits you now and helps your neighbors for years to come.

How you Benefit:

• Your payment will never change, and payment rates can go as high as 9.5%, depending on age (must be 55 or older).
• Gift annuities are an ideal way to provide financial security for you and a loved one.
• You may qualify for a federal income tax charitable deduction when you itemize.
• You may avoid some capital gains tax when you use appreciated stock to fund your gift annuity.
• You can convert a low yielding asset (like bank deposits, securities, etc.) into reliable payments at a better rate.

Charitable Remainder Trusts

You can earn income for yourself or a loved one while supporting Greater Rochester Habitat for Humanity’s mission. A charitable remainder trust (CRT) will build your financial security while making your compassion for your neighbors in need as a part of your lasting legacy. You can realize a significant benefit by transferring property to a trust that will eventually be a charitable gift to Greater Rochester Habitat for Humanity.

Benefits include:

• A gift that is made during your lifetime or created through your will.
• Tax savings realized with a charitable gift receipt.
• Ensures your assets are distributed as you intended.
• Potential for favorable tax treatment of certain capital gains properties.

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Qualified Charitable Distribution

Usually when individuals take distributions from their Individual Retirement Accounts (IRAs), it counts as income for tax purposes. An IRA charitable rollover, also called a Qualified Charitable Distribution (QCD), is an exception. Individuals age 70 1/2 and older can distribute up to $100,000 each year from their IRAs to their favorite 501(c)(3) without counting the distribution as income. The IRS provides additional useful information on Qualified Charitable Distributions.

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What is a Required Minimum Distribution? 

The Required Minimum Distribution (RMD) is the smallest amount certain individuals must distribute from their IRA each year. The penalty for missing an RMD is 50% of the amount that was supposed to have been distributed!

Whether you are subject to the RMD depends on your age. Because of recent changes in the law, you are subject to the RMD if you either (i) were 70 1/2 years old or older at any point in 2019, or (ii) are currently 72 years old or older.