Planned Giving

Individuals who are 70.5 and older can donate directly from their IRA accounts to a qualified charity to meet their minimum required distribution. These distributions are not counted as income so donors can also avoid the typical tax burdens. However, QCD’s must come from traditional or inherited IRAs only. The donation must come directly from the IRA administrators.

Donating real estate such as a home or commercial property is a terrific way to support Habitat DC-NOVA. Your gift can qualify as an in-kind donation, or the sale of the property can be used to support our work. If selling the property, donors can avoid capital gains tax if proceeds are given to charity.

In addition to property, Habitat will also accept undeveloped land. If you own land you wish to sell or know land parcels to recommend, please contact Michael Spotts at michael.spotts@habitatdcnova.org.

If you have bonds that no longer earn interest, you will owe income tax on the appreciation if redeemed. If donated to Habitat DC-NOVA, 100 percent of the gift will go towards the mission as a tax-exempt organization.

Donors 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 DC-NOVA. “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 of DC & Northern Virginia [Tax ID# 52-1589700] currently with administrative offices at 4245 Fairfax Dr #650, Arlington, VA 22203.”

Donors can leave an outright bequest for a specific purpose such as supporting home repair or a specific project. “I, [name], of [city, state, ZIP], give, devise and bequeath to Habitat for Humanity of DC & Northern Virginia [written amount or percentage of the estate or description of property] for its charitable purposes, including but not limited to ___________ use and purpose.”

Donors can make a contingency gift to Habitat DC-NOVA to receive a portion of their estate if the named beneficiary does not survive them. “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 of DC & Northern Virginia for its unrestricted use and purpose.”

These trusts allow you to remove assets from your estate to benefit Habitat DC-NOVA. Assets are transferred into a trust which pays annual amounts and can be managed by experienced professionals. Charitable lead trusts offer financial benefits by sheltering investment earnings from income tax.