Plan to leave a legacy that impacts future generations
Building a brighter future for local families – today and in the future.
The need for decent and affordable housing has never been greater. With rising rents and inflation, families are under more strain than ever before. Yet our goals remain the same – to give more families the opportunity to change their lives through affordable homeownership with Habitat.
A legacy gift to Habitat for Humanity Victoria will help build the future of so many families in need of decent and affordable housing. After first taking steps to ensure your loved ones and heirs are cared for through your estate, a bequest gift to Habitat for Humanity Victoria can be a truly exceptional way to create a legacy for the future.
A gift in your will shows more than just foresight and careful planning, it reveals a lasting commitment to Habitat for Humanity Victoria and a desire to make a difference beyond your lifetime.
What to give?
A specific amount, a percentage, or the residue of your estate. You can bequest real property or securities.
Most legacy gifts are bequests: gifts established in someone’s will. Such a gift would allow your estate to realize tax savings in the future. These gifts enable people to make a more substantial contribution than they could afford during their lifetime. A gift in your will would have a deep impact on the future of Habitat Victoria and those that we serve in this community.
What are your next steps?
· Create a will that reflects your wishes. You can make your bequest in honor or in memory of someone special.
· If you already have a will and are considering a bequest to us, the easiest and least expensive way to make a small change in your existing will is to add a codicil. The codicil will retain all the provisions of your will, except those that are modified by this addition.
· Make an appointment with your lawyer to draft or revise your will. Your lawyer will help you with the key information and details. We have sample wording available to assist you and your lawyer.
· Contact us to inform us of your gift so that we can ensure we honour your request.
Bequests
These are gifts created in a will and are generally made after a person has provided for their loved ones and other heirs.
A bequest gift may be for a fixed sum, or for a specified amount of the residue of the estate after other specific bequests have been distributed. Click here to learn more.
Life insurance
There are many ways in which you can use life insurance as a future gift to Habitat Victoria. Giving a new or existing insurance policy allows even people of modest means to make a sizable gift with only a small annual or monthly payment. As an additional benefit, there is a tax credit available, providing immediate tax relief. Click here to learn more.
Endowment gifts
An endowment is created when a donor designates their gift’s principal to be held while only the proceeds of that principal are used to fund the work of Habitat Victoria. Ask us about how you wish to help build a better future for families. Click here to learn more about how you can help build a better future for families through an endowment gift. Click here to learn more.
Other Types of Legacy Gifts
There are a number of other legacy gift options that you may consider when thinking about creating a future donation for the benefit of Habitat for Humanity Victoria. These include charitable remainder trusts, endowments, gifts of real estate as well as gifts of other types of assets.
Benefits for leaving a donation in your will:
For more information on these other types of legacy gifts please contact info@habitatvictoria.com
The need for decent and affordable housing has never been greater. With rising rents and inflation, families are under more strain than ever before. Yet our goals remain the same – to give more families the opportunity to change their lives through affordable homeownership with Habitat.
A legacy gift to Habitat for Humanity Victoria will help build the future of so many families in need of decent and affordable housing. After first taking steps to ensure your loved ones and heirs are cared for through your estate, a bequest gift to Habitat for Humanity Victoria can be a truly exceptional way to create a legacy for the future.
A gift in your will shows more than just foresight and careful planning, it reveals a lasting commitment to Habitat for Humanity Victoria and a desire to make a difference beyond your lifetime.
What to give?
A specific amount, a percentage, or the residue of your estate. You can bequest real property or securities.
Most legacy gifts are bequests: gifts established in someone’s will. Such a gift would allow your estate to realize tax savings in the future. These gifts enable people to make a more substantial contribution than they could afford during their lifetime. A gift in your will would have a deep impact on the future of Habitat Victoria and those that we serve in this community.
What are your next steps?
· Create a will that reflects your wishes. You can make your bequest in honor or in memory of someone special.
· If you already have a will and are considering a bequest to us, the easiest and least expensive way to make a small change in your existing will is to add a codicil. The codicil will retain all the provisions of your will, except those that are modified by this addition.
· Make an appointment with your lawyer to draft or revise your will. Your lawyer will help you with the key information and details. We have sample wording available to assist you and your lawyer.
· Contact us to inform us of your gift so that we can ensure we honour your request.
Bequests
These are gifts created in a will and are generally made after a person has provided for their loved ones and other heirs.
A bequest gift may be for a fixed sum, or for a specified amount of the residue of the estate after other specific bequests have been distributed. Click here to learn more.
Life insurance
There are many ways in which you can use life insurance as a future gift to Habitat Victoria. Giving a new or existing insurance policy allows even people of modest means to make a sizable gift with only a small annual or monthly payment. As an additional benefit, there is a tax credit available, providing immediate tax relief. Click here to learn more.
Endowment gifts
An endowment is created when a donor designates their gift’s principal to be held while only the proceeds of that principal are used to fund the work of Habitat Victoria. Ask us about how you wish to help build a better future for families. Click here to learn more about how you can help build a better future for families through an endowment gift. Click here to learn more.
Other Types of Legacy Gifts
There are a number of other legacy gift options that you may consider when thinking about creating a future donation for the benefit of Habitat for Humanity Victoria. These include charitable remainder trusts, endowments, gifts of real estate as well as gifts of other types of assets.
Benefits for leaving a donation in your will:
- Tax Advantages – Your estate will receive a tax receipt or the entire amount of the gift.
- Control – You may change your will at any time.
- Simple – Easy to arrange. Simply ask your lawyer to add a codicil to your current will or include Habitat for Humanity Victoria when creating a new will.
- Flexible – The designation is revocable and can be changed if your financial circumstances alter.
- Cost Effective – There are no extra out-of-pocket costs.
- Peace of Mind – You can arrange your gift and know it will occur just as planned.
- Memorialize – Your bequest can create a lasting memorial for you, your family or anyone you may wish to honor.
- Opportunity – An opportunity to make a significant gift.
- Recognition – Your gift can be honoured during your lifetime, should you wish.
For more information on these other types of legacy gifts please contact info@habitatvictoria.com
