Charitable Gift Annuities

When you are looking for ways to help Habitat for Humanity of Teller County with our mission, you shouldn’t feel like you are choosing between your philanthropic goals and financial security. One gift that allows you to support HFHTC’s work while receiving fixed payments for life is a charitable gift annuity.

A charitable gift annuity involves a simple contract between you and HFHTC where you agree to make a gift to HFHTC and we, in return, agree to pay you (and someone else, if you choose) a fixed amount each year for the rest of your life.

Not only does this gift provide you with regular payments and allow us to further our work, but when you create a charitable gift annuity with HFHTC you can receive a variety of tax benefits, including a federal income tax charitable deduction.

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Delay Your Payments

If you are younger than 60 or don’t need your payments immediately, you can set up a deferred gift annuity. This allows you to delay receiving payments until a later date—such as when you reach retirement.

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Potential Scenario

Say that Justin, 66, and Mary, 65, want to make a contribution to HFHTC that will support our work for generations to come, but they also want to ensure that they have dependable income during their retirement years. They establish a $20,000 charitable gift annuity with HFHTC. Based on their ages, they will receive a payment rate of 4.3 percent, which means that they will receive $860 each year for the remainder of their lives. They’re also eligible for a federal income tax charitable deduction of $5,544* when they itemize. Finally, they know that after their lifetimes, the remaining amount will be used to support our mission.

*Based on annual payments and a 2.4 percent charitable midterm federal rate. Deductions vary based on income earned.

Learn How to Fund It

You can use the following assets to fund a charitable gift annuity:

- Cash
- Appreciated Securities
- Closely Held Stock
- Real Estate
- Tangible Personal Property

3 Next Steps

1. Contact Habitat for Humanity of Teller County at 719-687-4447 or info@tellerhabitat.org for additional information on charitable gift annuities or to chat more about the personal benefits of creating an annuity with HFHTC.
2. Seek the advice of your financial or legal advisor.
3. If you name HFHTC in your plans, please use our legal name and federal tax ID.

Legal Name: Habitat for Humanity of Teller County

Physical Address: 720 W US 24 (Lower Level), Woodland Park, CO, 80866

Physical Address: PO Box 339, Woodland Park, CO, 80866

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.