Gifts that May Pay You Income

Charitable Remainder Trust

Planning for the future – for you and your community.

Giving through a Charitable Remainder Trust allows you to receive income for the rest of your life or a specified term of years, knowing that whatever remains will benefit Habitat for Humanity of Orange County, NC.  You transfer assets into a trust and receive an immediate charitable deduction.  The trust distributes regular income payments to you or to designated family members. You may choose to receive a fixed income or one that changes with market conditions; payments can begin immediately, or you can defer them to increase your charitable income tax deduction.  The amount of the income payments and the amount of the charitable tax deduction depends on the age of the recipient and the current annuity rate as established by the IRS.  Upon the beneficiary’s death or after a defined period of years, the remaining assets in the trust transfer to Habitat for Humanity of Orange County, NC.

Benefits:

Charitable Lead Trust

Giving to Habitat for Humanity of Orange County, NC and your loved ones.

A Charitable Lead Trust permits you to remove assets from your estate and benefit Habitat for Humanity of Orange County, NC during the trust’s term.  Assets selected by you are transferred into a trust, which pays Habitat for Humanity of Orange County, NC an annual amount to accomplish its mission.  During its term, the trust can be managed by experienced professionals, which may help your trust investments grow over time. When the trust terminates, either upon your death or after a specified number of years, its final assets are transferred to the family members you designate.  Any growth in the trust passes to recipients, often with significant transfer-tax savings.

Charitable Lead Trusts offer financial benefits by sheltering investment earnings from income tax, too.  However, at the time your trust is established, you may owe gift tax on the present value of your gift to the final beneficiary.  Charitable Lead Trusts can be arranged to make annual distributions of a fixed percentage of the trust assets or distributions of a fixed dollar amount.

Charitable Gift Annuity

A Charitable Gift Annuity is a life-income agreement.  A Charitable Gift Annuity of $10,000 or more provides you with a fixed, guaranteed income for life and supports Orange Habitat with a future gift.  The payment rate depends on your age at the time of the gift – the older you are, the higher the rate.  The rate remains fixed once your gift is made.  Habitat’s annuity rates are aligned with those of the American Council on Gift Annuities.  Note that the rate for a two-life gift annuity is slightly lower. Rates below as of January 1, 2024.                 

AGE                Rate

65                   5.4%

70                   5.9%

75                   6.6%

80                   7.6%

Brochure

Donor Advised Funds

You can create a grant recommendation from your donor-advised fund to support Habitat for Humanity of Orange County, NC, now or as a legacy gift.

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 Habitat as a “successor” of your account. Or, you can name us as the successor for a portion of the account value, leaving the remaining portion for your heirs.

Contact Us!

For more information on how to get involved, contact Shanell Smaw, Vice President of Development.

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More Ways to Give

Legacy Giving is just one way to support Orange Habitat. Click here to see all of the ways you can make a financial impact.