Donor Advised Funds

Are you looking for an easy, cost-effective way to support Habitat for Humanity of Teller County and other causes you love? A donor advised fund, which is like a charitable savings account, may be the right choice for you.

Here’s how it works. You transfer cash or other assets to a tax-exempt sponsoring organization such as a public foundation. You can then recommend—but not direct—how much and how often money is granted to HFHTC or other charities—sometimes as easily as using a Web portal. And you avoid the cost and complexities of managing a private foundation.

What do you receive in return? An immediate federal income tax charitable deduction at the time you contribute to the account, and the power to make recommendations on which charities to support whenever you want. You centralize your giving and record-keeping in one location. And maybe best of all, you can start a legacy of giving by letting your children help decide which grants to recommend.

Check Out This Potential Scenario

Create a donor advised fund with one of the following assets:

  • Cash
  • Appreciated Securities
  • Retirement Plan Assets
  • Tangible Personal Property
  • Real Estate

 

Next Steps

  1. Evaluate a sponsoring organization to make sure it supports your interests, values and the type of asset you are considering as a funding source.
  2. Get to know the organization’s policies and procedures-from minimum contributions to administrative fees. Each organization handles these details differently.
  3. Seek the advice of your financial or legal advisor.
  4. Contact Habitat for Humanity of Teller County at (719) 687 4447 or jamie@tellerhabitat.org, or colleen@tellerhabitat.org to discuss using donor advised funds to support HFHTC and our mission.
  5. If you include HFHTC in your plans, please use our legal name and federal tax ID.

Legal Name: Habitat for Humanity of Teller County
Address: 700 Valley View Dr., Woodland Park, CO, 80863
Federal Tax ID Number: 84-1513509

 

The information on this website is not intended as legal or tax advice. For such advice, please consult an attorney or tax advisor. Figures cited in examples are for hypothetical purposes only and are subject to change. References to estate and income taxes include federal taxes only. State income/estate taxes or state law may impact your results.