Planned Giving
There are lots of ways to support Habitat for Horses with a planned gift. To learn more about any of these options, please contact Bill or Amanda at 713-966-2480 or email amanda.evans@ubs.com.
- A Special Opportunity for Those 72 Years Old or Older
You can give up to a maximum of $100,000 per year from your IRA directly to Habitat for Horses without having to pay income taxes on the money. This gift option is called the IRA charitable rollover or a qualified charitable distribution.
- Planned Giving with Life Insurance
Making a gift using a life insurance can be done by simply naming the Habitat for Horses as beneficiary of your policy. You maintain revocable ownership during your lifetime, so you can change if your circumstances do.
Beneficiary Language: Habitat for Horses, 6060 Habitat for Horses Ln, Alvin, TX 77511, 409-935-0277, Tax ID#76-0586024
- Planned Giving Through Retirement Assets
IRAs and other similar retirement accounts are a great way to save money for retirement, but if you are looking to pass wealth onto your descendants, they may not be the best choice. An IRA can carry a tax burden when passed to non-spouse beneficiaries. If you plan to give your heirs more tax efficient assets, you could give your IRAs or other tax-deferred accounts to Habitat for Horses just by naming Habitat for Horses as the account beneficiary. As a charitable organization, Habitat for Horses receives these retirement assets tax-free to benefit the animals under our care.
Beneficiary Language: Habitat for Horses, 6060 Habitat for Horses Ln, Alvin, TX 77511, 409-935-0277, Tax ID#76-0586024
- Planned Giving with Real Estate
Property you no longer want or need, like a vacation home that’s too far out of your way to visit often or a highly appreciated property where selling would create a large capital gains tax, can be a vital asset that can make a difference to Habitat for Horses when you’re gone. By donating your property to Habitat for Horses, you can avoid the stress and time constraints of finding a buyer, as well as the capital gains taxes triggered by its sale. Our major gift advisors will help you decide on the right gift method, which may result in a significant charitable income-tax deduction. Habitat for Horses will evaluate your gifts of real estate for marketability and potential environmental concerns. Before accepting the gift, we will ask you for detailed information on the property.
- Planned Giving Through Securities
Stocks, bonds, mutual funds and other securities are ideal assets to consider in funding a planned gift. Like so many other retirement assets, they can prove to be a costly inheritance for your loved ones. Should your beneficiaries sell the investment, they may be subject to a costly capital gains tax. By transferring the stock to Habitat for Horses instead, the capital gains tax on the appreciation is avoided and you can receive a tax deduction based on the fair market value of the investment on the date of the donation.
- Planned Giving Through Wills
Placing Habitat for Horses in your will is an excellent way to provide for the care and protection of horses in the future. You can name Habitat for Horses as a direct beneficiary or as a contingent beneficiary in the event that an originally designated beneficiary does not survive you.
The following is the correct form for a bequest:
“I give and bequeath to Habitat for Horses, a not-for-profit corporation under section 501(c)3 of the Internal Revenue Code, with its principal offices presently located at 5109 F.M. 1765, La Marque, Texas 77568 and the mailing address of Habitat for Horses, P.O. Box 213, Hitchcock, Texas 77563, the sum of $______, to be used for the accomplishment of its general purposes.”