PLANNED GIVING

Name Chemung County Habitat for Humanity as a beneficiary and avoid unwanted taxes

Assets like 401(k)s, IRAs, and other accounts, can make great planned gifts and may help your heirs avoid unwanted taxes.

Why do people like making planned gifts?

Planned gifts (most commonly a donation made in your will or trust) cost nothing today and allow you to make an incredible impact, which is why so many people choose to make them. Examples of how you plan your gift to Chemung County Habitat for Humanity:

A percentage of the remainder of your estate after other specific legacies have been fulfilled.

Sample Language:
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 Chemung County Habitat for Humanity [Tax ID# 16-1361217] currently with administrative offices at 219 E. 14th St. Elmira Heights, NY 14903.

For more information, call our office at 607-734-1361, option 1 or email [email protected]

A specific dollar amount, stated fraction of your estate, or specified gift-in-kind such as collections, art, books, jewelry, etc.

Sample Language:
I, [name], of [city, state, ZIP], give, devise and bequeath to Chemung County Habitat for Humanity [written amount or percentage of the estate or description of property] for its unrestricted use and purpose.

For more information, call our office at 607-734-1361, option 1 or email [email protected]

A gift that is originally intended for other beneficiaries but, in the event of their prior passing, is redirected as a charitable donation.

Sample Language:
If any of the beneficiaries named in this will or trust 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 Chemung County Habitat for Humanity for unrestricted use to advance their mission of building homes, community, and hope.

For more information, call our office at 607-734-1361, option 1 or email [email protected]