Planned Giving
Leave a Legacy, Build a Future
Creating a planned gift with Knoxville Habitat for Humanity allows you to leave a lasting impact on your community, supporting affordable housing for generations to come. This thoughtful planning can take various forms and provides different benefits, including potential financial advantages for you and your loved ones.
Bequests
A bequest is a simple way to make a significant impact. It can be made in several forms:
Residual Bequest
A gift of the remainder of your estate after other specific bequests have been fulfilled.
Sample Language: “After taking care of all expenses, debts, and other bequests, I give ___% of the rest and residue of my estate to Knoxville Habitat for Humanity, Tax ID 58-1727980, located at P.O. Box 27478 Knoxville, TN 37927, for its unrestricted use and purpose.”
Specific Bequest
A gift of a particular dollar amount or a specific piece of property.
Sample Language: “I, [name], of [city, state, ZIP], give and bequeath to Knoxville Habitat for Humanity the sum of $___ (or describe the property) for its unrestricted use and purpose.”
Contingent Bequest
A gift that takes effect only if the primary beneficiary predeceases you.
Sample Language: “If [primary beneficiary] does not survive me, then I give [description of specific asset or amount] to Knoxville Habitat for Humanity, Tax ID 58-1727980, located at P.O. Box 27478 Knoxville, TN 37927, for its unrestricted use and purpose.”
Percentage Bequest
A bequest that designates a percentage of your estate.
Sample Language: “I give, devise, and bequeath ___% of my estate to Knoxville Habitat for Humanity, Tax ID 58-1727980, located at P.O. Box 27478 Knoxville, TN 37927, for its unrestricted use and purpose.”
Gifts With Financial Benefit to You
Charitable Gift Annuities
This option allows you to transfer cash or assets in exchange for a fixed income for life. The rates are determined based on your age and current market rates, potentially offering higher returns than traditional savings.
Charitable Remainder Trusts
These trusts provide you or your beneficiaries with income for a specified period, after which the remaining assets are donated to Knoxville Habitat. This arrangement can offer tax benefits, reduce estate taxes, and remove appreciated property from your estate.
Retirement Plan Beneficiary Designation
Naming Knoxville Habitat as a beneficiary of your retirement plan can minimize taxes on retirement assets, which are subject to income and possibly estate taxes.
Gifts of Stock
Donating appreciated securities can provide you with a tax deduction for the fair market value of the stock while avoiding capital gains taxes.
Gifts of Real Estate
Donating appreciated securities can provide you with a tax deduction for the fair market value of the stock while avoiding capital gains taxes.
With your support, we’re building a Knoxville where everyone has a solid base from which to build their best lives.
To discuss planned giving options or for more information, please contact Blake Lawson, Chief Development Officer at (865) 357-2057 or blawson@khfh.com. We recommend consulting with your financial advisor to determine the most effective way to support our mission.
Your Support Makes A Difference!
Your support creates lasting, tangible change for local families in need of improved housing.
When you make plans to include Knoxville Habitat in your will or trust, you become an integral partner in bringing people together to build homes and strong communities.
725
homes built
and repaired
1,500
individuals served